Analysts' Upgrades, Downgrades: Gap

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

Baldor Electric (BEZ Quote) downgraded at UBS from Neutral to Sell. $22 price target. Stock has more than doubled since the March lows but 2010 earnings expectations will likely prove optimistic.

Buckle (BKE Quote) upgraded at Roth to Buy. Company continues to post strong sales and earnings growth. $34 price target.

Buckle (BKE Quote) estimates raised at FBR through 2010. Comp sales should bounce back in August and the company is keeping a lid on costs. Underperform rating and $20 price target.

Celestica (CLS Quote) upgraded at Citigroup to Hold. Industry-wide inventory de-stocking appears to be finished.

Salesforce.com (CRM Quote) upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Price target raised to $65 from $47. Fiscal 2010 EPS estimates raised to 62 cents from 60 cents.

Salesforce.com (CRM Quote) numbers raised at Barclays to $46. Estimates also boosted, to reflect a rebound in bookings growth. Equal-weight rating.

Salesforce.com (CRM Quote) upgraded at FBR from Underperform to Market Perform. $45 price target. Company is executing ahead of plan and can achieve near-term guidance.

Dick's Sporting Goods (DKS Quote) target raised at Merrill/BofA to $23. Neutral rating.

Dick's Sporting Goods (DKS Quote) downgraded at Goldman from Buy to Neutral. Company is ramping investment, which will weigh on near-term earnings. $24 price target.

Edison International (EIX Quote) upgraded at Credit Suisse from Neutral to Outperform. $37 price target. Base rates should recover in the coming years.

Flextronics (FLEX Quote) upgraded at Citigroup from Hold to Buy. Stock also added to the Top Picks Live list. Industry fundamentals have bottomed and margins should expand over the next several quarters.