Analysts' Upgrades, Downgrades: Goldman

CHANGE IN RATINGS

Allegheny Energy (AYE) upgraded at Barclays from Equal-weight to Overweight. $40 price target. Company should benefit from the upcoming Pennsylvania price power auction.

Chipotle (CMG) downgraded at Jefferies from Hold to Underperform. $62 price target. Stock looks expensive, as it could take longer for traffic to recover in the current economic environment.

Frontier Oil (FTO) downgraded at Deutsche from Buy to Hold. $15 price target. Company likely to face weaker earnings, as refining margins weaken.

Lamar (LAMR) rated new Underperform at Credit Suisse with an Underperform rating. See downside risk based on lack of visibility and lagging nature of the outdoor medium. Sets target price at $10.

Starbucks (SBUX) downgraded at Deutsche Bank from Hold to Sell. $7 price target. Competition will continue to weigh on the company, which likely needs to close more stores.

Sysco (SYY) downgraded at JPMorgan to Neutral from Overweight based on slowing inflation and restaurant industry contraction. Lowered target price to $25 from $26.

TECO Energy (TE) downgraded at Credit Suisse to Neutral from Outperform. Believes uncertainty in coal markets could lead to a decline in earnings. Lowered target price to $13 from $15.

Wendy's (WEN) rated new Overweight at Barclays Capital with an Overweight rating. $6.50 price target. Company has good short-term opportunity to realizing operating cost savings.

STOCK COMMENTS / EPS CHANGES

Avery Dennison (AVY) numbers cut at Barclays to $27. Estimates also lowered, because of pricing and weaker cyclical demand. Equal-weight rating.

CSX (CSX) estimates increased at Merrill/BofA through 2010. Company realizing higher yields and margin. Buy rating and $34 price target.