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Analysts Upgrades & Downgrades is published weekdays at 10am EDT.
CHANGE IN RATINGS
Bank of America (BAC Quote) estimates raised at Morgan Stanley through 2011. Investment banking and retail brokerage revenue likely to top expectations in the coming quarters. Overweight rating and $32 price target.Bank of America (BAC Quote) upgraded at Keefe, Bruyette & Woods to Outperform. $16.50 price target. Valuation call, as the company has improved its balance sheet with recent capital raising.
BB&T (BBT Quote) upgraded at Goldman to Neutral from Sell following their capital raise. Decreased target price to $24 from $25.
Corn Products (CPO Quote) downgraded at BMO from Outperform to Market Perform. $30 price target. Valuation call. Recent problems should abate and margins could return to the double-digits in 2010. ...
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