Analysts' Upgrades, Downgrades: Apollo

CHANGE IN RATINGS

AMR (AMR) downgraded at Argus to Sell from Hold based on higher fuel prices and weak industry demand.

Choice Hotels (CHH) upgraded at Wachovia from Market Perform to Outperform. Company has a high-margin franchise model and isn't affected as much by lower business travel.

Dendreon (DNDN) rated new Hold at Morgan Joseph. Stock is already pricing in success, though the company has attractive long-term growth prospects.

Electronic Arts (ERTS) upgraded at Merrill/BofA from Neutral to Buy. $26 price target. Expect the company to exceed earnings expectations the next couple of quarters and also benefit from the launch of Sims 3. ...