Analysts' Upgrades, Downgrades: H-P

CHANGE IN RATINGS

Alcoa (AA Quote) downgraded at Goldman to Neutral. Valuation call, based on a $13 price target. Inventory is also at historically high levels.

Abercrombie & Fitch (ANF Quote) downgraded at Susquehanna. Rating lowered to Neutral from Positive. Lowers 2009 EPS estimates of -$0.10 from $0.04. Eliminates $36 price target.

Ann Taylor (ANN Quote) upgraded at UBS from Neutral to Buy. $15 price target. Estimates also boosted, to reflect improved fashion and value pricing at Loft.

Cigna (CI Quote) downgraded at Credit Suisse. Rating lowered to Neutral from Outperform. Maintains $32 price target. Maintains 2009 EPS estimates of $3.88.

Harsco(HSC Quote) upgraded at KeyBanc. Rating raised to Buy from Hold. Introduces $38 price target. Maintains 2009 EPS estimates of $1.74.

Southwest Airlines (LUV Quote) downgraded at Jesup & Lamont. Rating lowered to Sell from Hold. Establishes $4 price target. Maintains 2009 EPS estimates of $0.10.

MedAssets (MDAS Quote) downgraded at UBS. Rating lowered to Neutral from Buy. Price target raised to $21 from $20. Maintains 2009 EPS estimates of $0.82.

Netflix (NFLX Quote) upgraded at Kaufman Brothers. Rating raised to Buy from Hold. Price target raised to $53 from $48. Maintains 2009 EPS estimates of $1.85.

NetApp (NTAP Quote) upgraded at BMO. Rating raised to Outperform from Market Perform. Raises target price to $27.50 from $20.00. Raises fiscal 2010 EPS estimates to $1.29 from $1.15.

Target (TGT Quote) numbers raised at Goldman through 2011. Company is seeing a higher gross margin and also cutting costs. Buy rating and new $53 price target.