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CHANGE IN RATINGS

Apple

(AAPL) - Get Apple Inc. Report

upgraded at Morgan Stanley to Overweight. $180 price target. iPhone is leading earnings growth, offsetting any slowdown in Mac sales.

Bank of America

(BAC) - Get Bank of America Corp Report

upgraded at Friedman Billings Ramsey from Underperform to Market Perform. $12 price target. See limited downside potential, following the recent offering.

Cliffs Natural Resources

(CLF) - Get Cleveland-Cliffs Inc Report

initiated at BofA/Merrill. Initiated with a Buy rating and $30 price target. Introduces 2009 EPS estimates at $0.75.

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Changyou

(CYOU) - Get Changyou.com Ltd. Report

rated new Buy Citigroup. The company is following its "gamer-centric" development model pushing it to become the fastest growing and most profitable online game developer in China. New game pipelines and their hit game TLBB has forecasted for strong growth. Maintained price target of $45.

EOG

(EOG) - Get EOG Resources, Inc. Report

resources downgraded at Credit Suisse to Underperform from Neutral. Cites gas equities look vulnerable and forecasting substantial risk for 2010.

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First Solar

(FSLR) - Get First Solar, Inc. Report

downgraded at FBR to Underperform from Neutral based on a stronger demand towards less expensive solar devices. Maintained price target of $110.

J. Crew

( JCG) downgraded at Needham from Hold to Underperform. Stock is trading at a significant premium to the group.

Monster Worldwide

(MWW)

downgraded at Wachovia to Underperform. Estimates also cut, based on lower expectations around an economic recovery.

Pinnacle West Capital

(PNW) - Get Pinnacle West Capital Corporation Report

upgraded at Credit Suisse to Outperform from Neutral based on improved visibility. Cites valuation is attractive along with their structurally safe 8% dividend yield. Maintained a $32 price target.

Qwest Communications

(Q)

upgraded at JP Morgan. Rating raised to Overweight from Neutral. Maintains $6 price target. 2009 EPS estimates raised to $0.39 from $0.36.

Robert Half International

(RHI) - Get Robert Half International Inc. Report

downgraded to underweight from equal-weight and price target reduced to $19 from $25 at Morgan Stanley. With RHI 50% above March lows, valuation appears stretched and as a late cycle recovery story, Morgan Stanley sees almost 15% downside.

Rosetta Stone

(RST) - Get Rosetta Stone Inc. Report

rated new Buy at Jefferies. $34 price target. Company has large growth opportunities, especially in overseas markets.

United Foods

(UNFI) - Get United Natural Foods, Inc. Report

downgraded at Goldman Sachs to Sell from Neutral based on valuation. Shares have risen 35% year to date and now trade around 15 times 2010 estimates. Believe solid future results are priced into shares, leaving limited upside potential. Price target raised to $19 from $17.

Ultra Petroleum

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downgraded at Credit Suisse from Neutral to Underperform. Natural gas-heavy E&P names are already discounting strong results through 2010.

STOCK COMMENTS / EPS CHANGES

Broadcom

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estimates, target raised at Barclays. Shares now seen reaching $24. Estimates also increased to reflect expected market share gains. Equal-weight rating.

Campbell Soup

(CPB) - Get Campbell Soup Company Report

price target lowered at Credit Suisse to $30 from $32 based on a rise in prices and an increase in promotional discounts to attract more consumers. Maintained a Neutral rating.

General Dynamics

(GD) - Get General Dynamics Corporation Report

target raised at UBS to $60. Business jet survey has increased of late. Neutral rating.

Monsanto

(MON)

estimates, target lowered at Jefferies to $100 from $106 due to an expected oversupply in the glyphosate market and aggressive pricing. Earnings estimate was lowered as well following a substantial discounted glyphosate risk over the past 9 months. Maintained Buy rating.

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

2010 estimates cut at Merrill/BofA because of an expected upcoming guidance reduction. Buy rating and $59 price target.

Qualcomm

(QCOM) - Get Qualcomm Inc Report

numbers increased at Barclays through 2010. Company can gain market share in a consolidating market. Overweight rating and new $48 price target.

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