Analysts' Upgrades, Downgrades: American International Group

Change in Ratings

American International Group(AIG Quote) upgraded at Citigroup to buy from hold with a $42 price target. AIG is poised for well over 35% upside within the following year using current estimates and even in an extreme scenario of heavy losses there will still be single-digit upside potential.

Commercial Metals(CMC Quote) downgraded at Citigroup to hold from buy with a $40 price target. Fiscal year 2008 estimate is lowered to $2.35 from $2.73 and fiscal year 2009 is being raised to $3.60 from $3.44. The U.S. steel market remains extremely tight. It is apparent from the lack of imports and expanding metal margins.

Commercial Metals numbers raised at UBS. Fiscal 2009 EPS estimates raised to $3.55 from $3.45. Price target raised to $44 from $42. Maintains buy rating.

Coventry Health(CVH Quote) downgraded at Wachovia to market perform. Thursday marked the bottom for CVH's shares and further events could continue to pressure valuation. There is compelling long-term value in CVH, but there will be a better opportunity if future events change.

Energy East(EAS Quote) upgraded at Jefferies to hold from underperform. Price target raised to $25.50 from $16.50. Maintains 2008 EPS estimates of $1.50.

Express Scripts(ESRX Quote) downgraded at UBS to neutral from buy. Price target lowered to $73 from $81. Maintains 2008 EPS estimates of $3.03.

Huntsman(HUN Quote) downgraded at Jefferies to underperform from hold. Price target lowered to $15 from $28. 2008 EPS estimates lowered to 85 cents from 95 cents.

CarMax(KMX Quote) upgraded at Wachovia to market perform. Fundamentals within the market remain challenging and material price risk from current levels depends upon a revaluation of the company's shares. '09 EPS estimate lowered to 55 cents and fiscal '10 to 73 cents.