Tuesday's Analysts' Upgrades, Downgrades

Change in Ratings

C.H. Robinson(CHRW Quote) downgraded at UBS to neutral rating from buy. Price target and fiscal year 2008 EPS estimates hold at $63 and $2.07, respectively.

Gap(GPS Quote) downgraded at Citigroup to hold from buy based on valuation. Note 26% rise since late July vs. sector decline. See benefits to earnings from inventory control and cost savings as being priced into shares at current price. Target at $23.

Qualcomm(QCOM Quote) upgraded at Merrill from neutral to buy with a $48 price target. Expect a strong 3G migration cycle and an improved litigation outlook.

THQ(THQI Quote) upgraded at Citigroup from hold to buy with a $29 price target. Stock is down 26% year to date. But the stock is building a base, and sentiment is not likely to move lower in the near term. ...