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CHANGE IN RATINGS

American Eagle Outfitters

(AEO) - Get American Eagle Outfitters, Inc. Report

upgraded at Barclays. Rating raised to Overweight from Equal weight. Price target raised to $20 from $10. 2009 EPS estimates raised to $0.88 from $0.70.

Abercrombie & Fitch

(ANF) - Get Abercrombie & Fitch Co. Class A Report

upgraded at Keybanc from Underweight to Buy. $32 price target. Company has underperformed its peers year-to-date, but still has core earnings power of $2 a share.

Buckle

(BKE) - Get Buckle, Inc. Report

downgraded at Keybanc from Hold to Underweight. $27 price target. Company is facing lower potential growth, especially in Menswear.

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Cardinal Health

(CAH) - Get Cardinal Health, Inc. Report

rated new Buy at Jefferies. $45 price target. Company is trading below break-up value, based on the expected spin-off of CareFusion.

Chesapeake Energy

(CHK) - Get Chesapeake Energy Corporation Report

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upgraded at Morgan Stanley from Equal-weight to Overweight. $34 price target. Company is leveraged to a recovery in natural gas prices.

Chicos

(CHS) - Get Chico's FAS, Inc. Report

upgraded at Barclays to equal weight from underweight and price target increased to $10 from $3.50. It would not be a good idea to chase CHS here given the recent move, but an underweight rating in the face of an improvement in the comp trend and some well managed inventory is the wrong call. CHS comp trends improved modestly, though a negative (-6%) for the quarter indicates the division remains a work in progress. The core division was less promotional than LY and think gross margins improved to positive. Inventory should end the quarter at or below the sales rates at both divisions, which could set the stage for further margin improvement.

Ciena

(CIEN) - Get Ciena Corporation Report

downgraded at JMP Securities from Market Perform to Underperform. $9 price target. Key customers are aggressively cutting back on capital expenditures.

Calpine

(CPN)

downgraded at RBC Capital from Outperform to Sector Perform. $8 price target. Natural gas fundamentals should remain weak into 2010.

Energy Conversion

(ENER)

upgraded at Citigroup from Sell to Hold. $16 price target. Pricing is falling, but the risk/reward has improved.

Energy Conversion

(ENER)

numbers lowered at UBS through 2010. Company has poor visibility, and solar inventory is building up. Neutral rating and new $16 price target.

Gap

(GPS) - Get Gap, Inc. Report

upgraded to Equal Weight at Barclays from underweight and price target increased to $17 from $8. Mgmt keeps finding ways to wring costs out of the business, and prospects for better performance at Old Navy indicate there's less margin erosion than anticipated. That said, it's hard to argue for significant upside given the projected margin contraction vs. LY. 1Q09 operating margin likely drops ~120 bps - and that's with a $70m reduction in oper exps. Revised target is $17; 13x BCS $1.30 '10 est, in line with projected growth next year.

International Paper

(IP) - Get International Paper Company Report

downgraded at Deutsche Bank from Buy to Hold. Valuation, based on a $14 price target. Containerboard pricing could also be headed lower in the near term.

Newell Rubbermaid

(NWL) - Get Newell Brands Inc Report

rated new Overweight at Barclays Capital. $15 price target. Stock remains undervalued, despite the run since earnings.

Principal Financial

(PFG) - Get Principal Financial Group, Inc. Report

upgraded at Credit Suisse to Neutral from Underperform based on improving liquidity position following equity offering. Raised target price to $23 from $12.

Temple-Inland

(TIN)

downgraded at Deutsche Bank from Buy to Hold. $11 price target. Valuation call, based on near-term pricing risk in containerboard.

TJX Companies

(TJX) - Get TJX Companies Inc Report

upgraded at Credit Suisse to Outperform from Neutral based on favorable business trends in the short-term. Also believes the defensive nature of the company's business model should put the stock back on investors' radar screens. Raised target price to $35 from $23.

TJX Companies

(TJX) - Get TJX Companies Inc Report

upgraded at Barclays. Rating raised to Overweight from Equal weight. Price target raised to $36 from $30. Raises 2009 EPS estimates to $2.13 from $1.90.

Textron

(TXT) - Get Textron Inc. Report

upgraded at JPMorgan to Overweight from Neutral based on relative valuation and extremely poor sentiment. Despite liquidity concerns, lack of visibility and poor fundamentals, see upside based on normalized earnings. Note that no bulge-bracket firms have a buy rating on the stock. Price target at $16.

STOCK COMMENTS / EPS CHANGES

Dish Network

(DISH) - Get DISH Network Corporation Class A Report

numbers raised at UBS through 2010. Company continues to lose subscribers, offset by a big drop in spending. Neutral rating and new $18 price target.

Ford

(F) - Get Ford Motor Company Report

estimates, target increased at UBS. Shares now seen reaching $7. Estimates raised to reflect lower dilution than the subsequent VEBA funding. Buy rating.

Ford

(F) - Get Ford Motor Company Report

target raised at Barclays Capitalto $2. Company has strengthened its balance sheet, but it still appears that the stock has run too far. Underweight rating.

Phillips-Van Heusen

(PVH) - Get PVH Corp. Report

numbers raised at Barclays to $35. Estimates also increased, to reflect an expected sequential improvement in sales. Overweight rating.

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