Palm: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Cheesecake Factory (CAKE Quote) upgraded at Goldman from Neutral to Buy. Company should benefit from lower commodity prices and cost-savings efforts. Also expect to see a rebound in sales. $23 price target.

Corinthian Colleges (COCO Quote) initiated at Deutsche Bank with a Buy rating and $27 price target. Introduces fiscal 2010 EPS estimates of $1.43.

Cabot Oil & Gas (COG Quote) upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $51.50 from $47.00. 2009 EPS estimates lowered to $1.32 from $1.41.

Cablevision (CVC Quote) upgraded at Wells from Market Perform to Outperform. Stock can continue to beat the market, given its fundamental strength. Estimates also raised.

CreXus (CXS Quote) initiated at Merrill/BofA with a Neutral rating and $14.50 price target. CXS is waiting to deploy capital into attractive commercial real estate assets. 2009 and 2010 EPS estimates set at $0.06 and $1.44, respectively.

Darden Restaurants (DRI Quote) initiated at Deutsche Bank. Initiated with a Hold rating and $30 price target. Introduces fiscal 2010 EPS estimates of $2.72.

Federal Reality (FRT Quote) upgraded at Merrill/BofA to Buy from Neutral on growth potential. $63.50 price target.

Microsoft (MSFT Quote) upgraded at Argus from Sell to Hold. Windows 7 launch was a net positive for the company.

Oneok (OKE Quote) downgraded at Citigroup from Buy to Hold. Valuation call.

Palm (PALM Quote) downgraded at BMO from Market Perform to Underperform. $10 price target. Estimates also cut, as Android will likely take away market share.