Analysts Upgrades & Downgrades is published weekdays at 10am EDT.

CHANGE IN RATINGS

Bank of America

(BAC) - Get Report

estimates raised at Morgan Stanley through 2011. Investment banking and retail brokerage revenue likely to top expectations in the coming quarters. Overweight rating and $32 price target.

Bank of America

(BAC) - Get Report

upgraded at Keefe, Bruyette & Woods to Outperform. $16.50 price target. Valuation call, as the company has improved its balance sheet with recent capital raising.

BB&T

(BBT) - Get Report

upgraded at Goldman to Neutral from Sell following their capital raise. Decreased target price to $24 from $25.

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Corn Products

( CPO) downgraded at BMO from Outperform to Market Perform. $30 price target. Valuation call. Recent problems should abate and margins could return to the double-digits in 2010.

Fifth Third Bancorp

(FITB) - Get Report

upgraded at Goldman to Buy from Neutral following valuation. Raised target price to $8 from $6.50.

Great Plains Energy

(GXP)

upgraded at Goldman to Buy from Hold. The increase in ratings follows the completion of its equity overhang and attractive valuation. Maintained price target of $19.

Huntington Bancshares

(HBAN) - Get Report

upgraded at Goldman to Neutral from Sell following their capital raise. Maintained target price of $4.50.

Jones Apparel

(JNY)

upgraded at Morgan Stanley to Overweight. $14 price target. Restructuring should begin to help margins in the second half of the year.

Mastercard

(MA) - Get Report

initiated at Piper Jaffray. Initiated with a Buy rating and $222 price target. Introduces 2009 EPS estimates of $10.86.

PF Chang's

( PFCB) upgraded at Argus to Buy. $41 price target. Same-store sales are recovering and cost-cutting should help margins.

Portland General Electric

(POR) - Get Report

downgraded at Goldman to Neutral from Conviction Buy based on valuation. Maintained price target of $21.

Phillips-Van Heusen

(PVH) - Get Report

upgraded at Morgan Stanley to overweight with $37 price target. Upgrade based on margin stabilization in the domestic businesses and the underappreciated value of the Calvin Klein licensing business.

Regions Financial

(RF) - Get Report

upgraded at Goldman to Buy from Neutral based on valuation. Decreased target price to $5 from $5.50.

Raymond James

(RJF) - Get Report

upgraded at Pali from Neutral to Buy. $20 price target. Bank credit quality is improving, and the company is leveraged to an improvement in the equity markets.

UnitedHealth Group

(UNH) - Get Report

downgraded at Oppenheimer to Underperform from Perform. Indicating that the co. is relying on a very aggressive Medicare bidding strategy that will likely result in significant margin compression. Decreased price target to $24 from $32.

VistaPrint

(VPRT)

downgraded at Citigroup to Hold from Buy. Due to its current valuation, the risk/reward scenario is less compelling after reaching its target price. Maintained target price of $44.

Western Alliance Bancorp

(WAL) - Get Report

downgraded at Goldman to Sell from Neutral. Decreased price target to $6 from $8.

Warnaco

(WRC)

downgraded at Morgan Stanley to equal weight from overweight with $39 price target. Morgan Stanley continues to believe in long term potential of Calvin Klein portfolio, however recent outperformance leaves other retail stocks with a more favorable risk/reward profile.

STOCK COMMENTS / EPS CHANGES

Americredit

( ACF) target raised at Credit Suisse to $13 from $10. Due to the co.'s funding constraints, it is believed that they trade at a discount compared to their book value. Maintained Neutral rating.

Air Products

(APD) - Get Report

target raised at Jefferies to $78. Company has manageable cyclical risk with a product line that is positioned well in a slowing demand environment. Buy rating.

Yamana

(AUY) - Get Report

target decreased at Credit Suisse to $9.25 from $9.50 based on a decline in production following the sale of three of assets. Maintained Neutral rating.

Brown & Brown

(BRO) - Get Report

estimates cut at Barclays through 2010. Organic growth is slowing during the recession. Underweight rating and $16 price target.

Darden Restaurants

(DRI) - Get Report

target boosted at Morgan Stanley to reaching $41. Stock should be bought ahead of the June 23 earnings report. Company is outperforming its peers in a difficult environment. Overweight rating.

Duke Energy

(DUK) - Get Report

target lowered at Goldman to $14 from $15. Maintained Neutral rating.

El Paso Electric

(EE) - Get Report

target decreased at Goldman to $18 from $19. Lower capital spending and higher than expected rates led to the decrease in numbers. Maintained Buy rating.

Home Depot

(HD) - Get Report

estimates increased at Barclays through 2011. Company held an upbeat analyst meeting, highlighting its improved market position ahead of the home improvement turnaround. Overweight rating and $26 price target.

Skyworks

(SWKS) - Get Report

estimates, target raised at Barclays. Shares seen reaching $12. Estimates increased, as the company is likely taking market share in handsets. Equal-weight rating.

T. Rowe Price

(TROW) - Get Report

numbers increased at Goldman to $34. Estimates also raised, to reflect strong equity market performance. Inflows should also begin to improve soon. Neutral rating.

Vale

(VALE) - Get Report

numbers increased at Credit Suisse to $19 from $18. Cites the changes in the price curve for iron ore. Maintained Neutral rating.

Wisconsin Energy

( WED) target raised at Goldman to $43 from $42 following its earnings statement. Maintained Neutral rating.

Westar Energy

(WR)

target raised at Goldman to $21 from $20. Lower near term capital spending, rate based growth, and decreased equity issuance led to the decrease in ratings. Maintained Neutral rating.

XL Capital

(XL)

target raised at Credit Suisse to $13 from $9. Following its agreement with Berkshire Hathaway the co. is more stabilized and the risk of insolvency is less. Maintained Neutral rating.

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