NEW YORK (TheStreet.com) -- CHANGE IN RATINGS

Albermarle

(ALB) - Get Report

upgraded at Oppenheimer from Underperform to Perform. Estimates also raised, based on a more aggressive cyclical stance.

American Express

(AXP) - Get Report

numbers boosted at Merrill/BofA to $18. Estimates also boosted, to reflect improving credit trends. Underperform rating.

American Express

(AXP) - Get Report

upgraded at Citigroup from Hold to Buy. $36 price target. Stock also added to the Top Picks Live list. Company held an upbeat investor day and credit trends appear to be improving.

Concur Technologies

(CNQR)

downgraded at Jefferies from Buy to Hold. $36 price target. Valuation call, even though strong subscription revenue led to blowout earnings last quarter.

Dupont

(DD) - Get Report

upgraded at Oppenheimer from Underperform to Perform. Estimates also raised, to reflect the company's 40% exposure to cyclical end-markets.

Dr. Pepper Snapple Groups

(DPS)

downgraded at Goldman to Buy from Conviction Buy. The firm sees other companies within its industry that are better positioned in the current environment based on valuation. Maintained target price of $27.

Freeport-McMoran

(FCX) - Get Report

upgraded at Merrill/BofA from Underperform to Buy. $87 price target. Estimates also raised, to reflect higher copper prices. Dividend may also be reinstated in 2010.

Fortress Investment

upgraded at KBW to Outperform at Keefe, Bruyette & Woods. Company had strong earnings, driven by higher assets and management fees. $6.50 price target.

Fifth Third

(FITB) - Get Report

downgraded at KBW from Outperform to Market Perform. Valuation call, based on a $10 price target.

Garmin

(GRMN) - Get Report

downgraded at JP Morgan. Rating lowered to Underweight from Neutral. Price target raised to $28 from $22. 2009 EPS estimates raised to $2.63 from $2.02.

Garmin

(GRMN) - Get Report

numbers increased at Barclays through 2010

. Margins are improving as demand in North America appears to be stabilizing. Equal-weight rating and new $28 price target.

JP Morgan

(JPM) - Get Report

initiated at Deutsche Bank. Initiated with a Buy rating and $48 price target. Introduces 2009 EPS estimates of $1.68.

MGM Mirage

(MGM) - Get Report

upgraded at Bernstein from Underperform to Market Perform. $9 price target. Company is now operating in a better financial environment.

Orbitz

(OWW)

upgraded at Goldman to Neutral from Sell. The co. was able to alleviate concerns about tripping its debt covenant with substantially better profits owing to cost save programs as well as improved marketing efficiencies that should sustain EBITDA at levels required by the credit agreements. Estimates raised for FY09 to$0.70 from $0.16. Increased target price to $5.30 from $1.50.

Staples

(SPLS)

upgraded at Goldman to Buy from Neutral based on a better risk/reward profile and DCF analysis. These two metrics reflect slightly higher earnings estimates and a more aggressive valuation construct, reflecting the firm's expectation of improved relative sentiment. Estimates raised for FY09 to $1.12 from $1.11. Increased target price to $25 from $22

Suntrust Banks

(STI) - Get Report

downgraded at KBW to Outperform to Market Perform. Company will likely not make money until mid-2010. Stock has also surpassed the $21 price target.

Thoratec

(THOR) - Get Report

upgraded at Merrill/BofA from Neutral to Buy. $34 price target. Valuation call, based on potential upside to earnings expectations.

Zebra Technologies

(ZBRA) - Get Report

downgraded at JP Morgan. Rating lowered to Underweight from Neutral. Maintains $21 price target and 2009 EPS estimates of $0.75.

STOCK COMMENTS / EPS CHANGES

Alcoa

(AA) - Get Report

numbers boosted at Merrill/BofA through 2011. Expect higher aluminum prices. Underperform rating and new $10 price target.

AmeriCredit

(ACF)

numbers raised at Credit Suisse to $14 from $13. The co. beat its Q4 EPS estimates as its reserves were drawn down and they repurchased debt. The co. has positioned itself better as its liquidity position has improved and cost controls remain tight. Maintained Neutral rating.

Allstate

(ALL) - Get Report

target raised at Credit Suisse to $35 from $32. The target increases due to the book value growth this quarter offset in part by a lower forward multiple. Maintained Outperform rating.

Allstate

(ALL) - Get Report

target raised at FBR to $40. Company missed earnings once again, but the book value increased. Outperform rating.

ArvinMeritor

(ARM)

target raised at Goldman to $8.50 from $5.00 as the firm sees a favorable risk/reward scenario. The co. sold its steel wheel business for $180 million to reduce its debt and remains under their credit facility covenant of $660 million. Estimates lowered for FY09 to ($1.49) from ($1.21). Maintained Buy rating.

Athena Health

(ATHN) - Get Report

numbers raised at Goldman to $38 from $35. Cites revenue was in-line with estimates, lower direct costs leading to a higher EBITDA, and the co. doubled its clinicals provider count YOY. Estimates raised for FY09 to $0.63 from $0.61. Maintained Neutral rating.

Avnet

(AVT) - Get Report

target raised at Credit Suisse to $25 from $17 to reflect its expectations of revenue and margin growth in the December 2009 quarter. Maintained Neutral rating.

Blackboard

(BBBB)

target raised at Credit Suisse to $35 from $30. The firm cites valuation and the rebound in Q2. Maintained Neutral rating.

Baker Hughes

(BHI)

target lowered at Goldman to $51 from $52 as it missed its Q2 estimates. The firm cites weaker than expected North American margins and higher corporate costs. Estimates lowered for FY09 to $1.95 from $2.01. Maintained Buy rating.

Baker Hughes

(BHI)

numbers reduced at Citigroup to $39. Estimates also lowered, to reflect higher costs and lower North America margins. Hold rating.

Career Education

(CECO) - Get Report

numbers raised at Barclays to $25. Estimates also increased, to reflect higher enrollment and margins. Underweight rating.

Cisco Systems

(CSCO) - Get Report

estimates, target upped at Barclays. Shares of CSCO now seen reaching $24. Estimates also raised, to reflect a healthy backlog. Equal-weight rating.

DynCorp

(DCP) - Get Report

target raised at Goldman to $17 from $15. The co. had an in-line quarter and strong wins prompted the rise in numbers. Estimates raised for FY09 to $1.60 from $1.50. Maintained Neutral rating.

Discover Financial

(DFS) - Get Report

target increased at Barclays to $14. Recent management meeting suggests that recent delinquency trends are improving, which was recently confirmed by AXP. Equal-weight rating.

Devon Energy

(DVN) - Get Report

target raised at Goldman to $76 from $75 to reflect the potential for greater unbooked resource credit. Devon is uniquely exposed to the top-three North American E&P asset categories of the most interest to the Street and to larger oil/gas producers: shale gas, oil sands, and deepwater oil. The company has the flexibility to keep short-cycle spending limited due to its large held-by production inventory in the Haynesville, Barnett and Arkoma Woodford shales. Estimates raised for FY09 to $3.47 from $2.74. Maintained Buy rating.

Devon Energy

(DVN) - Get Report

estimates, target raised at Barclays. Estimates were increased through 2010. Company raised production guidance, despite planned curtailments. Equal-weight rating and new $64 price target.

Foster Wheeler

numbers raised at Goldman to $29 from $26 to reflect the earnings beat and slightly higher margin expectations. Estimates raised for FY09 to $2.60 from $2.20. Maintained Neutral rating.

Foster Wheeler

numbers raised at Barclays through 2010. End-market demand remains positive, though quarterly earnings will remain lumpy. Overweight rating and new $34 price target.

Int'l. Flavors and Fragrances

(IFF) - Get Report

numbers upped at Barclays to $31. Estimates also boosted, to reflect increased visibility in the turnaround thesis. Underweight rating.

Lorillard

(LO)

added to the Top Picks Live list at Citigroup. Newport is the only premium brand gaining market share. Stock replaces MO, but both companies keep Buy ratings.

99 Cents Only

(NDN)

numbers raised at Merrill/BofA. Estimates were raised through 2011. Company posted strong sales growth and had good expense controls last quarter. Neutral rating and new $16 price target.

ONEOK

(OKE) - Get Report

target raised at Goldman to $36 from $32. The rise is numbers was prompted by the co.'s recent beat in its quarterly estimates. Cites better returns at its Energy Services marketing segment and higher-than-expected "other income". Estimates raised for FY09 to $2.55 from $2.45. Maintained Buy rating.

ON Semiconductor

(ONNN)

numbers boosted at FBR through 2010. Company executed well and is delivering strong cash flow at depressed revenue levels. Outperform rating.

Pioneer Natural Resources

(PXD) - Get Report

target raised at Goldman to $36 from $33 as the firm sees the potential for nearer-term growth and continued free cash flow driving multiple expansion. Estimates raised for FY09 to $0.02 from ($0.55). Maintained Buy rating.

Transocean

(RIG) - Get Report

numbers lowered at Barclays to $101. Estimates also cut, to reflect lower utilization and dayrate forecasts. Overweight rating.

Transocean

(RIG) - Get Report

target lowered at Credit Suisse to $91 from $92. Cites the co.'s updated company cost guidance on operating costs, G&A, interest, and the tax rate. The co. currently has 18 idle/stacked jackups, 5 idle/stacked midwater floaters, and 1 stacked barge rig. As a result of weakening supply demand conditions, the firm's estimates assume that RIG's idle/stacked jackup rigcount increases to 25 rigs by year-end and averages 20 for 2010. Maintained Outperform rating.

Polo Ralph Lauren

(RL) - Get Report

target raised at Goldman to $65 from $58 to reflect a higher earnings outlook. The co. surpassed its quarterly expectations from its strong margins and better cost controls. Estimates raised for FY09 to $3.91 from $3.68. Maintained Neutral rating.

Tekelec

(TKLC)

estimates, target upped at Barclays to $16. Estimates also boosted, to reflect better revenue visibility. Equal-weight rating.

Tessera Technologies

(TSRA)

numbers boosted to $32 at Friedman, Billings Ramsey. Estimates were also raised to reflect more stable DRAM pricing and higher licensing fees. Outperform rating.

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