Monday's Analysts' Upgrades, Downgrades

See who made what calls.
By TheStreet Ratings Staff ,

Change in Ratings

Apple

(AAPL) - Get Report

upgraded at Weisel from market-weight to overweight. Current valuation discounts the company's robust long-term growth prospects. Estimates also raised through 2009. $195 price target.

BMC Software

(BMC)

downgraded at Goldman Sachs to neutral from buy based on preference for value/turnaround plays in the current market environment. BMC's BladeLogic acquisition delays margin expansion and leaves less cash for share buybacks. Target cut to $37 from $41.

Columbia Sportswear

(COLM) - Get Report

downgraded at Citigroup from hold to sell with a $41 price target. Estimates also cut, as the company will likely announce lower order backlogs with its first-quarter results.

Estee Launder

(EL) - Get Report

downgraded at UBS to neutral rating from buy. Price target and 2008 EPS estimates hold at $52 and $2.37, respectively.

Emulex

(ELX)

downgraded at Wachovia to market perform. Estimates also cut, as company may guide lower at its first-quarter report. Checks show to slowing demand at key customers.

KLA-Tencor

(KLAC) - Get Report

upgraded at Citigroup from hold to buy with a $56 price target. Several catalysts are likely to develop against an improving cyclical backdrop.

Lincoln Electric

(LECO) - Get Report

upgraded at BB&T to buy with a $90 price target. Company has an appealing blend of international and infrastructure business.

MGM Mirage

(MGM) - Get Report

downgraded at Oppenheimer from positive to neutral with a $62 price target. Business is slowing down, and the company is not likely to further develop excess land in Las Vegas.

Nortel

( NT) downgraded at Baird. Checks show that U.S. enterprise sales have slowed down in the past few weeks. Estimates also cut, because of lower expected CDMA demand.

ComScore

(SCOR) - Get Report

upgraded at Jefferies to buy rating from hold. Price target and 2008 EPS estimates hold at $27 and 38 cents.

Seagate Technology

(STX) - Get Report

downgraded at Weisel from overweight to market-weight. Company will grow slower than WDC, and competition will likely weigh on gross margins. $25 price target.

Temple-Inland

( TIN) upgraded at Citigroup from hold to buy with a $23 price target. Stock is down 40% since the end of 2007, as the containerboard industry tends to outperform in the mid-to-late stages of a recession.

TJX Companies

(TJX) - Get Report

downgraded at Citigroup from buy to hold with a $36 price target. Valuation call, as the stock is already up 16% for the year. Same-store sales could also disappoint in the coming months.

Westlake Chemical

(WLK) - Get Report

upgraded at UBS to buy rating from neutral. Price target and 2008 EPS estimates hold at $19 and $2.20, respectively.

Stock Comments/EPS Changes

Mosaic

(MOS) - Get Report

target raised at Goldman to $150 from $135 based on accelerating earnings growth. See continued rise in DAP prices more than offsetting rising sulfur costs. Maintained buy rating.

Potash

(POT)

price target upped at Goldman to $225 from $180 based on higher earnings estimates. Note continuing strength in fertilizer fundamentals and see additional price increases. Maintained buy rating.

This article was written by a staff member of TheStreet.com Ratings.

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