Lockheed: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Autodesk (ADSK Quote) upgraded at Kaufman from Hold to Buy. $30 price target. Industry may be an early beneficiary from a recovery in the manufacturing industry.

Ansys (ANSS Quote) upgraded at Kaufman from Hold to Buy. $45 price target. Stock deserves a premium valuation, and business should benefit from an early-cycle recovery in the manufacturing industry.

Caterpillar (CAT Quote) downgraded at Stifel from Hold to Sell. Company has little operating leverage.

Caterpillar (CAT Quote) price target, estimates increased at Barclays. Price target to $62 from $58 after substantial 3Q beat. 2009 and 2010 EPS lifted to $2.00 from $1.45 and to $2.25 from $1.75, respectively. Maintain Equal Weight rating.

Caterpillar (CAT Quote) upgraded at Goldman from Sell to Neutral. Estimates also raised, to reflect better cost controls and higher demand for construction equipment. $64 price target.

Cree (CREE Quote) upgraded at Morgan Joseph to Buy. $55 price target. Company reported a strong quarter and still has further upside potential.

Devon Energy (DVN Quote) downgraded at Morgan Stanley from Overweight to Equal-weight. Stock is already pricing in a recovery in early 2010, though the company should lag its peers.

Brinker International (EAT Quote) downgraded at Goldman from Buy to Neutral. Estimates also cut, to reflect lower margins, as traffic is being driven primarily from promotions. $17 price target.

El Paso (EP Quote) downgraded at Citigroup from Buy to Hold. $12 price target. Valuation call, as production should fall 2%.

International Flavors and Fragrances (IFF Quote) upgraded at Barclays to Equal Weight from Underweight on improving sales growth. Price target lifted to $43 from $37. 2009 EPS estimate maintained at $2.52, 2010 boosted to $3.05 from $2.79.