Adobe: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Adobe Systems (ADBE) - Get Report downgraded at Jefferies from Buy to Hold. $37 price target. Company is still looking for ways to sustain growth in the core franchise.

Adobe Systems

(ADBE) - Get Report

numbers raised at FBR. Shares seen reaching $33. Estimates also boosted, to reflect strong operating momentum. Market Perform rating.

Aetna

(AET)

upgraded at Goldman from Sell to Neutral. $28 price target. Company is taking pricing actions which should help stabilize margins.

Amazon.com

(AMZN) - Get Report

upgraded at Merrill/BofA to Buy from Neutral as potential eCommerce acceleration is underestimated. 2009 and 2010 EPS estimates set at $2.41 and $2.94, respectively. Price target boosted to $103 from $95.

American Express

(AXP) - Get Report

upgraded at Sandler O'Neill from Sell to Hold. $35 price target. Cyclical improvement should outweigh secular headwinds.

General Cable

(BGC)

downgraded at BB&T from Buy to Hold. Valuation call, based on a $39 price target. Estimates still moving higher, based on more stable copper prices.

BJ's Wholesale

(BJ) - Get Report

upgraded at Barclays to Overweight from Equal Weight as the company is well positioned to cycle challenging macro-economic trends. 2009 and 2010 EPS estimates set at $2.55 and $2.80, respectively. $43 price target.

Continental Airlines

(CAL) - Get Report

upgraded at Argus from Sell to Buy. $20 price target. Flight demand appears to have bottomed and the company should benefit from lower fuel prices.

Capital One

(COF) - Get Report

upgraded at Sandler O'Neill from Sell to Hold. $40 price target. Cyclical tailwinds are likely to offset secular credit headwinds.

Coventry Health

( CVH) downgraded at Goldman CVH was downgraded from Neutral to Sell. $20 price target. Valuation call, but the company is also facing cost pressures in the near term.

Quest Diagnostics

(DGX) - Get Report

downgraded at Credit Suisse to Neutral from Outperform on pricing headwinds and slowing growth rates. Price target cut from $64 to $57. 2009 and 2010 EPS estimates set at $3.82 and $4.23, respectively.

Del Monte Foods

( DLM) reinstated at Merrill/BofA with a Neutral rating. 2010 and 2011 EPS estimates set at $1.00 and $1.06, respectively. $12.50 price target.

Digital River

(DRIV) - Get Report

upgraded at Credit Suisse to Outperform from Neutral on near term revenue growth. Price target lifted to $44 from $37.50. 2009 and 2010 EPs estimates set at $1.91 and $2.10, respectively.

EMS

( EMS) initiated at Deutsche Bank. Initiated with a Buy rating and $55 price target. Introduces 2009 EPS estimates of $2.46.

Electronic Arts

( ERTS) upgraded at FBR to Outperform. $22 price target. Stock is already pricing in concerns about near-term growth and demand for the new Beatles Rock Band game has been robust.

Edwards Lifesciences

(EW) - Get Report

upgraded at Wedbush from Underperform to Neutral. $64 price target. Company should see positive momentum from an upcoming TCT conference.

Fortune Brands

( FO) upgraded at Goldman from Neutral to Buy. $48 price target. Market is not factoring in expected improvement in the Home division next year.

Graco

(GGG) - Get Report

upgraded at Baird from Underperform to Neutral. $26 price target. Conditions are improving in Europe and the construction industry.

General Mills

(GIS) - Get Report

downgraded at Goldman from Buy to Neutral. $66 price target. Sales growth could moderate and consensus estimates are already ahead of guidance.

Garmin

(GRMN) - Get Report

upgraded at Deutsche Bank. Rating raised to Hold from Sell. Price target raised to $33 from $15. 2009 EPS estimates raised to $2.92 from $2.64.

Laboratory Corp of America

(LH) - Get Report

downgraded at Credit Suisse to Neutral from Outperform on potential cuts from health care reform and slowing growth. 2009 and 2010 EPS estimates set at $4.81 and $5.27, respectively. Price target slashed to $71 from $78.

Alliant Energy

( OMTR) upgraded at Barclays to Overweight from Equal Weight based on relative valuation. 2009 and 2010 EPS estimates set at $1.88 and $2.52, respectively. $31 price target.

Omniture

( OMTR) downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Price target raised to $21.50 from $15.00. Maintains 2009 EPS estimates of $0.53.

Omniture

( OMTR) downgraded at Credit Suisse to Neutral from Outperform given pending acquisition by Adobe. Price target surged to $21.50 from $15. 2009 and 2010 EPS estimate set at $0.51 and $0.56, respectively.

Sepracor

( SEPR) downgraded at Suntrust from Buy to Neutral. Unlikely that another takeover bid will materialize.

Sandisk

(SNDK)

upgraded at Broadpoint from Neutral to Buy. $26 price target. NAND demand is approaching a seasonal peak.

Synovus

(SNV) - Get Report

upgraded at Merrill/BofA to Neutral from Underperform as company plans $350mm equity raise. Price target lifted to $3 from $5. 2009 and 2010 EPS estimates increased to -$3.30 and -$0.20, respectively.

Tempur-Pedic

(TPX) - Get Report

upgraded at Suntrust from Neutral to Buy. $24 price target. Seeing signs of improving mattress sales.

Verizon Communications

(VZ) - Get Report

downgraded at UBS to Neutral from Buy based on wireline fundamentals still deteriorating, said UBS. Price target cut to $32 from $34. 2009 and 2010 EPS estimates lowered to $2.42 and $2.45, respectively.

STOCK COMMENTS / EPS CHANGES

Ann Taylor

(ANN)

price target lifted at UBS to $20 from $15 based on multiple product catalysts. 2009 EPS estimate increased to -$0.28 from -$0.33 and 2010 to $0.38 from $0.20. Maintain Buy rating.

Best Buy

(BBY) - Get Report

numbers boosted at Goldman. Shares now seen reaching $44. Estimates also increased, to reflect higher sales expectations. Neutral rating.

Chesapeake Energy

(CHK) - Get Report

price target raised at Morgan Stanley to $36 from $34 based on the recovery in natural gas fundamentals. 2009 and 2010 EPS estimates increased to $2.27 from $2.09 and to $2.49 from $1.98, respectively. Maintain Overweight rating.

Huntington Bancshares

(HBAN) - Get Report

estimates lowered through 2010 at Friedman, Billings Ramsey. Credit costs will continue to pressure profitability. Market Perform rating and $4 price target.

Kroger

(KR) - Get Report

price target cut at UBS to $30 from $32 based on 2Q miss. Maintain Buy rating. 2009 EPS estimate set at $2.00.

Kroger

(KR) - Get Report

estimates cut at Goldman through 2011. Company is realizing lowered EBIT margins. Buy rating and $27 price target.

Kansas City Southern

(KSU) - Get Report

price target upped at Merrill/BofA to $31 from $24 as volumes improve. 2009 and 2010 EPS estimates increased to $0.44 and $1.25, respectively. Reiterate Buy rating.

Sherwin-Williams

(SHW) - Get Report

price target upped at UBS to $61 from $56. Maintain Neutral rating. 2010 EPS set at $4.00.

Silicon Laboratories

(SLAB) - Get Report

price target higher at Barclays to $43 from $38 on sales growth and market share. 2009 and 2010 EPS estimates raised to $1.87 and $2.16, respectively. Reiterate Equal Weight rating.

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