Wednesday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

ACCO Brands (ABD Quote) downgraded at Credit Suisse: Credit Suisse is downgrading ABD to Neutral from Outperform. Expects 2007 results to be lighter than expected. Lowered target price to $26 from $28.

AmeriCredit (ACF Quote) initiated at Jefferies: ACF initiated with Hold rating at Jefferies. Price target starts at $28. FY 2007 EPS estimates set at $2.66 and FY 2008 EPS estimates at $2.87.

Aflac (AFL Quote) upgraded at SunTrust: AFL was upgraded from Neutral to Buy, at Suntrust Robinson Humphrey. Japan sales should ramp back up in the second half of the year, and the company remains on track to generate 15% earnings growth in 2007.

CH Robinson (CHRW Quote) upgraded at JP Morgan: CHRW was upgraded from Neutral to Overweight at JP Morgan. Company posted solid fourth quarter growth, and the non-asset model can still generate solid returns in a slow trucking market. ...