Tuesday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Arris (ARRS Quote) downgraded at Friedman, Billings Ramsey from Outperform to Market Perform. $15 price target. CCBL purchase will likely dilute near-term earnings, which should hang over the stock for the next few quarters.

Briggs & Stratton (BGG Quote) upgraded at Robert Baird from Underperform to Neutral. $29 price target. Stock is down 20% since earnings, and the stock is already beginning to reflect lower consumer spending.

Corn Products (CPO Quote) downgraded at BB&T from Buy to Hold. Stock is up about 18% over the past six weeks, and high corn costs are offsetting strong byproduct pricing.

Dean Foods (DF Quote) downgraded at Bear Stearns from Overweight to Market-weight. Earnings could rebound in 2008, though conventional milk costs remain high. Estimates also lowered. ...