Analysts' Upgrades, Downgrades: Symantec

CHANGE IN RATINGS

AMB Property (AMB Quote) upgraded at Credit Suisse to Outperform from Neutral based on the co.'s successful recapitalization efforts and attractive relative capitalization. Increased price target to $22 from $17.

American Express (AXP Quote) upgraded at Stifel Nicolaus from Sell to Hold. Company is the least exposed to new credit card legislation. Deliquencies have also dropped significantly this quarter.

Franklin Resources (BEN Quote) upgraded at JPMorgan. Rating raised to Overweight from Underweight. Price target raised to $94 from $75. 2009 EPS estimates lowered to $2.95 from $2.96.

Citrix Systems (CTXS Quote) downgraded at Oppenheimer to perform from outperform and $33 price target removed due to: shares have run up 33% since early April, trading at a premium to group median, EMEA remains challenged and chances of an M&A transaction with CTXS as the target in the near term are remote.

FPL Group (FPL Quote) downgraded at Credit Suisse to Neutral from Outperform. Factors that led to the downgrade are valuation, the federal renewable standards could be later than expected, and a tempering of wind growth toward the mid/lower end of the 1000-2000 MW target. Increased price target to $63 from $62.

Group 1 Automotive (GPI Quote) downgraded at Goldman to Neutral from Buy based on valuation as the stock has risen sharply over the past few months. Increased price target to $25 from $23 to reflect slightly higher new car sales assumptions, higher used car grosses, and lowered SG&A.

Nordstrom (JWN Quote) rating increased at Goldman to Neutral from Sell. Cites valuation and a more reward/ less risk scenario. Maintained target price of $21.