Monday's Analysts Upgrades, Downgrades

Change In Ratings

Allegheny Tech(ATI Quote) upgraded at Goldman Sachs to buy from neutral based on valuation, low stainless steel inventories and stabilized nickel prices. See delays in Boeing's 787 as already priced in. Price target at $106.

American Express(AXP Quote) downgraded at KBW to market perform. $49 price target. Estimates also cut, to reflect a weaker economic outlook.

FirstMerit(FMER Quote) downgraded at Oppenheimer to underperform. Oppenheimer said the stock has outperformed its peers over the past year, and is already pricing in recent restructuring efforts.

General Maritime(GMR Quote) upgraded at JPMorgan from neutral to overweight. Estimates also raised to reflect higher spot rates. Cash flow and dividends also look secure. ...