Ciena: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Abercrombie (ANF Quote) downgraded at Citigroup to Sell from Hold on expected deteriorating same store sales. Price target slashed to $24 from $33. 2010 and 2011 EPS estimates cut to $0.70 from $1.06 and to $1.55 from $1.70.

STOCK COMMENTS / EPS CHANGES

Aon (AOC Quote) price target up at Citigroup to $47 from $42. 2009 and 2010 EPS estimates set at $3.02 and $3.40, respectively. Reiterate Buy rating.

ArcSight(ARST Quote) price target, estimates boosted at Barclays. Price target to $20 from $15 following solid 1Q results. 2010 EPS estimate lifted to $0.56 from $0.44, 2011 set at $0.70. Maintain Equal Weight rating.

Conagra (CAG Quote) estimates boosted at UBS through 2011. Nielsen data shows higher demand for frozen meals. Buy rating and $24 price target.

Ciena (CIEN Quote) estimates cut, target raised at UBS. Shares now seen reaching $14. On the other hand, estimates were lowered through 2010, to reflect higher operating expenses. Neutral rating.

Ciena (CIEN Quote) price target increased at Credit Suisse to $11 from $10. 2009 and 2010 EPS estimates set at -$0.49 and -$0.07, respectively. Reiterate Neutral rating.

Tide Turning for Ciena

Cooper Companies (COO Quote) estimates cut at Citi through 2010. Company benefited from a smaller tax rate last quarter and realize a lower gross margin. Hold rating and $26 price target.

Danaher (DHR Quote) price target upped at Barclays to $70 from $69 on their acquisitions of AB SCIEX and Molecular Devices. Maintain 2009 EPS estimate at $3.40, raise 2010 to $3.80 from $3.75. Reiterate Overweight rating.