Analysts' Upgrades and Downgrades

BofA: Analysts' Upgrades, Dowgrades

Stock quotes in this article:BAC, AMZN, AAPL 

Microsoft (MSFT) estimates, target boosted at Goldman. Shares of MSFT now seen reaching $35. Estimates also raised, to reflect higher expected PC growth. Buy rating.

M&T Bank (MTB) target reduced at Citigroup to $66. Company likely to achieve lower normalized earnings. Hold rating.

PNC (PNC) target raised at Citigroup to $58. Stock deserves more credit for its BLK stake. Hold rating.

Pepco (POM) price target increased at Barclays by a dollar to $17. 2009 and 2010 EPS estimates maintained at $0.96 and $1.31, respectively. Reiterate Equal Weight rating.

Texas Instruments (TXN) price target raised at Barclays by a dollar to $28. 2009 and 2010 EPS estimates raised to $1.13 and $1.85, respectively. Maintain Equal Weight rating.

Vornado Realty Trust (VNO) target, estimates boosted at Barclays. VNO shares now seen reaching $73, up from $67. 2009 and 2010 EPS estimates raised to $4.47 and $5.25, respectively. Maintain Overweight rating.

Wells Fargo (WFC) target raised at Citigroup. Shares now seen reaching $33. Company now expected to post a higher ROE. Hold rating.

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This article was written by a staff member of TheStreet.com.

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