Analysts' Upgrades, Downgrades: Gap

CHANGE IN RATINGS

Aeropostale (ARO Quote) upgraded at Merrill/BofA from Underperform to Neutral. $22 price target.

Becton Dickinson (BDX Quote) upgraded at Morgan Stanley from Equal-weight to Overweight. $81 price target.

Check Point Software (CHKP Quote) upgraded at Goldman Sachs to Neutral from Sell. Price target raised to $22 from $19.

Rockwell Collins (COL Quote) downgraded at Goldman Sachs to Sell from Neutral. Price target unchanged at $29.

Chevron (CVX Quote) upgraded at J.P. Morgan to Overweight.

Dover (DOV Quote) downgraded at Deutsche Bank to a Hold from a Buy and price target maintained at $38. 2009 estimate reduced below consensus to $2.97.

Consolidated Edison (ED Quote) upgraded at Citigroup from Hold to Buy. $42 price target.

Embarq (EQ Quote) downgraded at RBC to Sector Perform from Outperform. Price target raised to $39 from $35.

Entergy (ETR Quote) downgraded at Deutsche Bank to Sell from Hold and price target reduced to $73 from $83.

General Dynamics (GD Quote) downgraded at Goldman Sachs to Neutral from Buy. Price target lowered to $64 from $71.

Gap (GPS Quote) downgraded at Barclays to Underweight from Equal-weight. Target price lowered to $10 from $12. Maintains 2008 EPS estimate of $1.28.

Kaydon (KDN Quote) downgraded at Deutsche Bank to a Hold from a Buy and price target unchanged at $34.

Limited Brands (LTD Quote) downgraded at Merrill/BofA from Neutral to Underperform. $8 price target. Estimates also cut.

Martin Marietta Materials (MLM Quote) downgraded at UBS to Sell from Neutral. Price target raised to $82 from $75. Maintains 2008 EPS estimates of $4.20.