Analysts' Upgrades, Downgrades: Lowe's

CHANGE IN RATINGS

Advance Auto Parts (AAP Quote) upgraded at Merrill/BofA to Buy. $50 price target. Estimates also raised, to reflect accelerating industry trends.

Con-Way (CNW Quote) upgraded at Merrill/BofA from Underperform to Buy. $35 price target. Recent comments indicate that volumes are improving, and the stock is attractively valued, based on potential mid-cycle earnings.

Gymboree (GYMB Quote) upgraded at Susquehanna from Neutral to Positive. $46 price target. Product safety issues seem to have passed, and the company should be able to exceed near-term sales forecasts.

Lifepoint Hospitals (LPNT Quote) downgraded at Goldman to Neutral from Buy. Shares have outperformed peers recently and offer a less attractive risk/reward. Price target at $27.

Sherwin-Williams (SHW Quote) upgraded at JPMorgan to Overweight from Neutral due to higher earnings expectations following results at VAL. Note that paint trends in North America are stabilizing, with EBIT margins improving sharply. Price target raised to $63 from $53.

State Street (STT Quote) upgraded at RBC Capital from Sector Perform to Top Pick. $55 price target. Company has quickly addressed its tangible common equity and investment portfolio issues.

Tenet Healthcare (THC Quote) upgraded at Goldman Sachs to Buy from Neutral based on more favorable view of urban hospitals. Note potential for continued margin improvement and benefit of normalizing credit markets. Price target raised to $5 from $1.

STOCK COMMENTS / EPS CHANGES

Abercrombie & Fitch (ANF Quote) numbers cut at Morgan Stanley to $20. Estimates also lowered, to reflect weak comp sales across the board. Underweight rating.

Constellation Energy (CEG Quote) numbers raised at UBS to $26. Estimates increased, based on asset sales and absorption of the de-risking charges. Neutral rating.