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Analysts' Upgrades, Downgrades: Red Hat

Stock quotes in this article: RHT , MS , MSFT , ADI , CAM , COP , NKE  

CHANGE IN RATINGS

Analog Devices (ADI Quote) upgraded at Merrill/BofA from Underperform to Buy. Estimates also increased, to reflect efficiency and cost-cutting measures. $29 price target.

American Reprographics (ARP Quote) downgraded at Credit Suisse to Neutral from Outperform based on a balanced risk/reward scenario and a recent rally in share price. Maintained price target of $10.

Cameron (CAM Quote) upgraded at Goldman to Conviction Buy and established a new target price at $42. Expectations of a long term upside, secular growth for oil spending, and a pick up in orders led to the increase in ratings.

Conoco Phillips (COP Quote) downgraded at Goldman to Neutral from Buy. Concerns about the co.'s strategic direction and beliefs that they will no longer outperform the sector led to the decline in ratings. Lowered target price to $53 from $60.

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