RIM: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Aruba Networks (ARUN) upgraded at Barclays to Overweight from Equal Weight. 2010 EPS estimate raised to $0.24 from $0.16, 2011 introduced at $0.45. Price target jumped to $13 from $8.50.

GSI Commerce (GSIC) upgraded at Oppenheimer from Perform to Outperform. $25 price target. Company is positioned well to benefit from online migration.

Pulte Homes (PHM) upgraded at Citigroup from Hold to Buy. $12 price target. Valuation call, as the stock has underperformed since the merger.

Research in Motion (RIMM) downgraded at BMO from Outperform to Market Perform. $64 price target.

Smith International (SII) upgraded at Citigroup from Hold to Buy. $35 price target. Stock looks oversold following the recent equity offering.

Seagate Technologies (STX) downgraded at BofA/Merrill to Underperform from Neutral as fundamentals are near peak levels. Price target set at $15. 2010 and 2011 EPS estimates set at $2.50 and $2.12, respectively.

Target (TGT) downgraded at Goldman from Buy to Neutral. $54 price target. Price competition is heating up from WMT.

Western Digital (WDC) downgraded at BofA/Merrill to Underperform from Neutral. Capacity expansion a potential risk in 2010, Bank of America/Merrill Lynch said. 2010 and 2011 EPS estimates set at $5.13 and $4.23, respectively. $35 price target.

STOCK COMMENTS / EPS CHANGES

Analog Devices (ADI) added to Conviction Buy List at Goldman. $33 price target. Market is underestimating the company's operating leverage.

Autodesk (ADSK) estimates raised at Morgan Stanley through 2012. Company is cutting costs, and a recovery should be slow, but steady. Underweight rating and $20 price target.