Analysts' Upgrades, Downgrades: BB&T

Change in Ratings

American Eagle (AEO Quote - Cramer on AEO - Stock Picks) upgraded to Buy at Bank of America. $20 price target. Expectations are very low, but with tight inventories, there is attractive upside potential.

Franklin Resources (BEN Quote - Cramer on BEN - Stock Picks) downgraded at Goldman Sachs to Neutral from Buy based on limited near-term catalysts, including earnings upside and multiple expansion. Note exposure to recent rebound in U.S. dollar, based on unhedged assets under management. Price target at $104.

Burger King (BKC Quote - Cramer on BKC - Stock Picks) rated new Outperform at Credit Suisse based on accelerating international growth and valuation. Sets $32 target price.

Burlington Northern Santa Fe (BNI Quote - Cramer on BNI - Stock Picks) upgraded at UBS to Buy from Hold. 2008 EPS estimates raised to $6.10 from $5.96. Maintains $114 price target.

Covidien (COV Quote - Cramer on COV - Stock Picks) upgraded at Deutsche Bank from Hold to Buy. $63 price target. Company should continue to execute growth strategy into 2009, led by generic Oxycontin.

CRH (CRH Quote - Cramer on CRH - Stock Picks) upgraded at JPMorgan to Overweight from Neutral. See attractive valuation following recent declines and note potential for acquisitions driven by current market weakness. See potential improvement in U.S. housing market.

Cemex (CX Quote - Cramer on CX - Stock Picks) upgraded at JPMorgan to Overweight from Neutral based on valuation and expected stabilization in U.S. construction market. Note recent poor stock performance. Price target lowered to $30 from $37.

Eaton Vance (EV Quote - Cramer on EV - Stock Picks) upgraded at Goldman Sachs to Buy from Neutral based on superior organic growth in recent quarters, along with limited exposure to deteriorating overseas markets. Price target raised to $44 fro $35.

GFI Group (GFIG Quote - Cramer on GFIG - Stock Picks) downgraded at Citigroup from Hold to Sell. $7 price target. Fundamentals do not support the current price, with no merger pending.

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