Analysts' Upgrades, Downgrades: Regions Financial

CHANGE IN RATINGS

Alberto Culver (ACV Quote) rated new Overweight at Morgan Stanley. $32 price target. Market is underestimating the company's international expansion potential.

Church & Dwight (CHD Quote) rated new Equal-weight at Morgan Stanley. $64 price target. Company has strong business momentum, though there's competitive risk in the laundry business.

Chattem (CHTT Quote) rated new Equal-weight at Morgan Stanley. $69 price target. Stock is inexpensive, but the company is facing weak sales at non-core brands. Private-label pressure also persists.

CKE Restaurants (CKR Quote) upgraded at Credit Suisse from Neutral to Outperform. $12 price target. Company trades at a discount to its peers. Estimates should also increase, to reflect more stable comp sales.

Energizer (ENR Quote) rated new Equal-weight at Morgan Stanley. $74 price target. Growth prospects are toward the low end of the market.

Gymboree (GYMB Quote) numbers boosted at FBR to $46. Estimates also increased, to reflect growth at the Crazy 8 division. Market Perform rating.

Jack In The Box (JBX Quote) upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $24 from $23. Maintains 2009 EPS estimates of $2.10.

Lululemon (LULU Quote) upgraded at KeyBanc. Rating raised to Buy from Hold. Introduces $23 price target. Raises 2009 EPS estimates to $0.58 from $0.53.

Mariner Energy (ME Quote) rated new Outperform at Credit Suisse. $16 price target. Company has an established track record and does not over-spend for the sake of higher growth.

Newell Rubbermaid (NWL Quote) rated new Equal-weight at Morgan Stanley. $16 price target. Company could have a strong second half of the year but upside will likely be limited in 2010.