Monday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Altera (ALTR Quote) upgraded at AG Edwards: ALTR was upgraded from Hold to Buy, AG Edwards said. $24 price target. Accounting problems have been solved, and the stock is trading at 23 times 2008 estimates.

Cooper Inds. (CBE Quote) upgraded at CIBC: CBE was upgraded from Sector Perform to Outperform, CIBC said. $105 price target. Estimates also raised, as the company is realizing productivity gains.

E*Trade (ET Quote) rated new Neutral at Credit Suisse: Credit Suisse said it is initiating coverage on ET with a Neutral rating. Cites stock remains ahead of peers in migrating to more integrated financial services. Sets $26 target price.

Hubbell (HUBB Quote) downgraded at CIBC: HUB.B was downgraded from Outperform to Sector Perform, CIBC said. $55 price target. Stock is at the high end of its recent trading range, and some downside potential exists to near-term earnings. ...