Analysts' Upgrades, Downgrades: Honeywell

Sonic (SONC Quote) downgraded at Goldman Sachs to Sell from Neutral based on valuation. Recent rally has pushed shares to levels that don't reflect increasing competition and negative margin impact of new $1 menu. Price target lowered to $10 from $11.

Tibco (TIBX Quote) downgraded at Goldman Sachs to Neutral from Buy following recent rally. View shares as less attractive with only 8% upside potential to $7.50 price target.

Whole Foods (WFMI Quote) downgraded at UBS. Rating lowered to Sell from Neutral. Price target raised to $13 from $12. Maintains 2009 EPS estimates of $0.73.

STOCK COMMENTS / EPS CHANGES

Ashland (ASH Quote) target raised at Credit Suisse to $24 from $15.50 based on possible sale in near-term of Valvoline segment. Also reiterates that shares could trade in the $30-plus range 12-24 months. Maintained Outperform rating.

Eastman Chemical (EMN Quote) numbers raised at Barclays to $36. Estimates also increased, to reflect improving volumes and capacity utilization. Equal-weight rating.

Ford (F Quote) price target raised at Goldman to $7 from $6 following first-quarter results that were well above expectations. Note stronger North American pricing, lower losses at Volvo and better cash balance. Maintained Buy rating.

Honeywell (HON Quote) estimates, target raised at Barclays to $38. Estimates also increased, as the company did not lower full-year guidance by as much as expected. Overweight rating.

Honeywell (HON Quote) estimates cut at UBS through 2010. Guidance still looks optimistic, despite recent reduction. Neutral rating and $30 price target.