Analysts' Upgrades, Downgrades: eBay

CHANGE IN RATINGS

Dick's Sporting Goods (DKS Quote) downgraded at Goldman to Neutral due to lower visibility into growth potential. Note high debt levels and rent expenses relative to EBITDA, which is likely to remain under pressure due to poor macroeconomic environment. Price target at $15.

Visa (V Quote) rated new Positive at Susquehanna. $62 price target. Debit transactions are growing and the company is the leader. Margins can also continue to rise, because of management's cost structure.

STOCK COMMENTS / EPS CHANGES

Alcoa (AA Quote) 2009 estimates cut at UBS because of lower aluminum prices. Neutral rating and $7.25 price target.

Avon (AVP Quote) target cut at Barclays Capital to $21. Company being hurt by the strong dollar, and lacks significant catalysts over the next 3-6 months.

American Express (AXP Quote) numbers cut at Citigroup to $11. Estimates also lowered, to reflect lower spending trends and higher credit card losses. Sell rating.

Dish Network (DISH Quote) 2009 estimates cut at Barclays because of smaller subscriber numbers. Overweight rating and new $18 price target.

eBay (EBAY Quote) estimates, target reduced at Barclays to $14. Estimates also cut, to reflect the company's business mix shift. Equal-weight rating.

National Semiconductor (NSM Quote) numbers raised at UBS through 2010. Company is cutting costs and order trends are improving. Neutral rating and new $11.50 price target.

Steel Dynamics (STLD Quote) estimates cut at UBS through 2010. Company guided to a first-quarter loss, making debt covenant violation possible. Buy rating and $16 price target.