Eli Lilly: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Gannett (GCI Quote) downgraded at Wells to Underperform. Estimates also cut, to reflect lower print and TV expectations.

NV Energy (NVE Quote) upgraded at Goldman to Buy. $15 price target. Free cash flow is increasing and the company should soon announce a dividend increase.

VeriFone (PAY Quote) initiated at Barclays with an Overweight rating as the company is on track for long term growth. $17 price target. 2009 and 2010 EPS estimates set at $0.85 and $1.06, respectively.

Public Service (PEG Quote) upgraded at Citigroup from Sell to Hold. $32 price target. Power prices have edged higher and the company recent posted strong earnings.

Pharmaceutical Product Dev. (PPDI Quote) downgraded at Wells from Outperform to Market Perform. Booking and core earnings power continue to decline.

Wyndham Worldwide (WYN Quote) upgraded at FBR to Outperform. $23 price target. Valuation is attractive, but the RCI division should continue to grow.

STOCK COMMENTS / EPS CHANGES

Akamai (AKA Quote) estimates, target increased at Goldman. Shares now seen reaching $19. Estimates also boosted, as the company is finding ways to grow, despite rising competition. Sell rating.

ConocoPhillips (COP Quote) price target, estimates raised at Barclays. Price target lifted to $59 from $56. 2009 EPS estimate inflated to $3.90 from $3.75, 2010 raised by 5 cents to $6.05.

FedEx (FDX Quote) price target, numbers boosted at Barclays. Price target lifted to $93 from $85 on transportation volumes. 2010 EPS estimates raised by a penny to $3.44, 2011 surged to $4.50 from $4.05. Maintain Overweight rating.