Analysts' Upgrades, Downgrades: Cisco

NEW YORK (TheStreet.com) -- CHANGE IN RATINGS

Albermarle (ALB Quote) upgraded at Oppenheimer from Underperform to Perform. Estimates also raised, based on a more aggressive cyclical stance.

American Express (AXP Quote) numbers boosted at Merrill/BofA to $18. Estimates also boosted, to reflect improving credit trends. Underperform rating.

American Express (AXP Quote) upgraded at Citigroup from Hold to Buy. $36 price target. Stock also added to the Top Picks Live list. Company held an upbeat investor day and credit trends appear to be improving.

Concur Technologies (CNQR Quote) downgraded at Jefferies from Buy to Hold. $36 price target. Valuation call, even though strong subscription revenue led to blowout earnings last quarter.

Dupont (DD Quote) upgraded at Oppenheimer from Underperform to Perform. Estimates also raised, to reflect the company's 40% exposure to cyclical end-markets.

Dr. Pepper Snapple Groups (DPS Quote) downgraded at Goldman to Buy from Conviction Buy. The firm sees other companies within its industry that are better positioned in the current environment based on valuation. Maintained target price of $27.

Freeport-McMoran (FCX Quote) upgraded at Merrill/BofA from Underperform to Buy. $87 price target. Estimates also raised, to reflect higher copper prices. Dividend may also be reinstated in 2010.

Fortress Investment (FIG Quote) upgraded at KBW to Outperform at Keefe, Bruyette & Woods. Company had strong earnings, driven by higher assets and management fees. $6.50 price target.

Fifth Third (FITB Quote) downgraded at KBW from Outperform to Market Perform. Valuation call, based on a $10 price target.

Garmin (GRMN Quote) downgraded at JP Morgan. Rating lowered to Underweight from Neutral. Price target raised to $28 from $22. 2009 EPS estimates raised to $2.63 from $2.02.