Frontline: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Frontline (FRO Quote) upgraded at FBR to Market Perform from Underperform. Analysts mentioned above-average rates and fewer financing issues. Price target surged from $14 to $23.

JPMorgan (JPM Quote) price target raised at Merrill/BofA to $48 from $40. Analysts mentioned July Master Trust data remains encouraging in the apparent stabilization of Card delinquency. Maintain Buy rating.

Morgan Stanley (MS Quote) downgraded at Merrill/BofA to Neutral from Buy as share are no longer deeply undervalued. 2009 and 2010 EPS estimates set at -$0.47 and $3.49, respectively. Price target cut from $33 to $32

STOCK COMMENTS / EPS CHANGES

Hudson City Bancorp (HCBK Quote) price target raised at FBR to $16 from $15 following recent meetings with HCBK management who said bank will remain growing. Reiterate Outperform rating.

PMI Group (PMI Quote) 2009 estimates lowered at Barclays to -$7.00 from -$6.50 and set 2010 at -$5.50 after a second-quarter earnings miss. Reiterate Underweight rating and $4 from target.

Radian Group (RDN Quote) numbers changed at Barclays. 2009 EPS estimate is cut to -$5.20 from -$6.90 and 2010 to -$5.00 from -$1.50 after second-quarter results. Reiterate Underweight rating and $4 price target.