Editor's Note: Green and red arrows refer to intraday stock price movement.NEW YORK ( TheStreet) -- CHANGE IN RATINGS
(FLEX - Get Report) downgraded at Citigroup. FLEX was downgraded from Buy to Hold. Company generates about 10% of its sales from CSCO. WW Grainger (GGW) downgraded at Citigroup. GWW was downgraded from Hold to Sell. Valuation call, as the company is already pricing in early-cycle growth. $118 price target. Intel (INTC - Get Report) upgraded at Morgan Stanley. INTC was upgraded from Equal-weight to Overweight. $26 price target. Valuation call, as the stock is already pricing in risks to growth. Jabil Circuit (JBL) downgraded at Citigroup from Buy to Hold. Company is leveraged to lower growth at CSCO. JetBlue (JBLU - Get Report) downgraded at Citigroup from Buy to Hold. Valuation call, based on an $8 price target. M&T Bank (MTB - Get Report) upgraded at Stifel to Buy from Hold. $100 price target. Company should continue to outperform its peers. 99 Cents Only (NDN) upgraded at Deutsche from Hold to Buy. $18 price target. Company should expand its margins over the coming quarters. Petsmart (PETM) upgraded at Barclays from Equal-weight to Overweight. Company should be able to sustain its sales growth momentum into 2011. $45 price target. Radio Shack (RSH) downgraded at Barclays from Overweight to Equal-weight. $22 price target. Company lacks near-term catalysts.