Thursday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Automatic Data (ADP Quote) upgraded at Weisel: ADP was upgraded from Market-weight to Overweight at Thomas Weisel. Stock is down 8% versus the market since last reporting earnings, though the company's fundamental outlook remains favorable.

Chubb (CB Quote) upgraded at AG Edwards: CB was upgraded to Buy at AG Edwards. $59 price target. The company's personal line is likely not suffering the same fate as ALL. Estimates also raised.

CH Robinson (CHRW Quote) downgraded at Credit Suisse: Credit Suisse is downgrading CHRW to Neutral from Outperform based on valuation. Stock was up more than 20% yesterday. Raised target price to $54 from $50.

CH Robinson numbers raised at UBS: CHRW numbers raised at UBS. 2008 EPS estimates raised to $2.00 from $1.98. Price target raised to $61 from $56. Reiterates Buy rating. ...