Monday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

American Eagle (AEOS Quote) downgraded at AG Edwards: AEOS was downgraded from Buy to Hold at AG Edwards. Company is trading well in excess of its historical average valuation.

Cincinnati Bell (CBB Quote) downgraded at JP Morgan: CBB was downgraded from Overweight to Neutral at JP Morgan. Company will likely boost CapEx spending in 2007, which could delay the debt pay-down strategy.

Computer Sciences (CSC Quote) upgraded at Prudential: Prudential is upgrading CSC to an Overweight rating as bookings are up, margins are rising, and company is buying back stock aggressively.

General Electric (GE Quote) downgraded at Merrill: GE was downgraded from Buy to Neutral at Merrill Lynch. $36 price target. Stock is trading at a premium to the S&P 500. Earnings growth is also facing potential headwinds from the lower tax rate and recent one-time gains. ...