Analysts' Upgrades, Downgrades: Intel

Change in Ratings

Circuit City (CC Quote - Cramer on CC - Stock Picks) downgraded at RBC to Underperform. $1 price target. Firm says company will likely face bankruptcy if it struggles through the holiday selling season. Flat-panel TV's are the only segment that's growing.

Intel (INTC Quote - Cramer on INTC - Stock Picks) upgraded at Piper Jaffray to Buy from Neutral due to valuation, strong competitive position, solid balance sheet and cash flow. Believe gross margin improvement could translate to better-than-expected near-term earnings and note success of Atom processor. Price target at $22.

Landstar (LSTR Quote - Cramer on LSTR - Stock Picks) upgraded at Wachovia from Market Perform to Outperform. Risk/reward looks attractive, especially with near-term demand up because of hurricane-related activities.

Total System Services (TSS Quote - Cramer on TSS - Stock Picks) downgraded at Oppenheimer from Outperform to Perform. Rapid bank consolidation and other risks to growth will be difficult to overcome. Estimates also cut through 2010.

Stock Comments/EPS Changes

EBay (EBAY Quote - Cramer on EBAY - Stock Picks) price target cut at Goldman Sachs to $26 from $30 based on deteriorating conversion rates, moderating benefits from foreign currencies and weakening global economy. Believe negative implications for GMV will keep shares range-bound. Maintained Neutral rating.

Reliant Energy (RRI Quote - Cramer on RRI - Stock Picks) target lowered at Credit Suisse to $17 from $30 on concerns from financial developments related to Hurricane Ike and lower commodity prices. Maintained Outperform rating.

Walgreen (WAG Quote - Cramer on WAG - Stock Picks) target cut at Credit Suisse to $36 from $42 following worse-than-expected Q4 results. Maintained Outperform rating.