Eli Lilly: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Avago Technologies (AVGO Quote) initiated at Barclays with an Overweight rating. Analysts mentioned above average sales growth, improving margins, and strengthening balance sheet. 2009 and 2010 EPS estimates set at $0.63 and $0.99, respectively. $21 price target.

Cardinal Health (CAH Quote) upgraded at Goldman from Neutral to Buy. $31 price target. Stock has lagged its peers and expectations are now low following the CFN spin-off.

Cheesecake Factory (CAKE Quote) rated new Sell at Jesup & Lamont. $16 price target. Earnings growth expectations appear too optimistic for the next couple of years, given poor sales visibility.

Cooper Industries (CBE Quote) upgraded at Wells to Outperform. New analyst also raised estimates, as the company has less late-cycle exposure than previously thought.

Carnival (CCL Quote) upgraded at Argus from Hold to Buy. $38 price target. Management is seeing firmer pricing.

Domino's Pizza (DPZ Quote) upgraded at Argus from Hold to Buy. $12 price target. Company is trying to lower debt and operating results are stabilizing.

eBay (EBAY Quote) upgraded at UBS from Neutral to Buy. $28 price target. Recent checks suggest that same-store sales are improving.

Equinix (EQIX Quote) upgraded at Needham from Buy to Strong Buy. $115 price target. Business fundamentals should get stronger into 2010, led by demand from peering wireless customers.

FLIR Systems (FLIR Quote) downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Maintains 2009 EPS estimates of $1.41 and $27.50 price target.

Corning (GLW Quote) rated new Neutral at Goldman. $17 price target. LCD glass business is approaching a cyclical peak, but the current valuation is reasonable.