Analysts' Upgrades, Downgrades: Gap

See who made what calls.
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CHANGE IN RATINGS

Aeropostale

(ARO)

upgraded at Merrill/BofA from Underperform to Neutral. $22 price target.

Becton Dickinson

(BDX) - Get Report

upgraded at Morgan Stanley from Equal-weight to Overweight. $81 price target.

Check Point Software

(CHKP) - Get Report

upgraded at Goldman Sachs to Neutral from Sell. Price target raised to $22 from $19.

Rockwell Collins

(COL)

downgraded at Goldman Sachs to Sell from Neutral. Price target unchanged at $29.

Chevron

(CVX) - Get Report

upgraded at J.P. Morgan to Overweight.

Dover

(DOV) - Get Report

downgraded at Deutsche Bank to a Hold from a Buy and price target maintained at $38. 2009 estimate reduced below consensus to $2.97.

Consolidated Edison

(ED) - Get Report

upgraded at Citigroup from Hold to Buy. $42 price target.

Embarq

(EQ) - Get Report

downgraded at RBC to Sector Perform from Outperform. Price target raised to $39 from $35.

Entergy

(ETR) - Get Report

downgraded at Deutsche Bank to Sell from Hold and price target reduced to $73 from $83.

General Dynamics

(GD) - Get Report

downgraded at Goldman Sachs to Neutral from Buy. Price target lowered to $64 from $71.

Gap

(GPS) - Get Report

downgraded at Barclays to Underweight from Equal-weight. Target price lowered to $10 from $12. Maintains 2008 EPS estimate of $1.28.

Kaydon

(KDN)

downgraded at Deutsche Bank to a Hold from a Buy and price target unchanged at $34.

Limited Brands

(LTD)

downgraded at Merrill/BofA from Neutral to Underperform. $8 price target. Estimates also cut.

Martin Marietta Materials

(MLM) - Get Report

downgraded at UBS to Sell from Neutral. Price target raised to $82 from $75. Maintains 2008 EPS estimates of $4.20.

Marathon Oil

(MRO) - Get Report

downgraded at J.P. Morgan to Neutral.

PepsiAmericas

(PAS)

downgraded at Goldman to Sell from Neutral. Price target at $18.

Qwest

(Q)

downgraded at Morgan Stanley from Overweight to Equal-weight.

Raytheon

(RTN) - Get Report

upgraded at Goldman Sachs to Buy from Neutral. Price target raised to $57 from $53.

Smithfield Foods

(SFD)

downgraded at Deutsche Bank to Hold from Buy. Stock has reached its target price of $14.

Shaw Group

(SGR)

upgraded at Smith Barney to Hold from Sell. Price target raised to $28 from $16. Raises fiscal 2009 EPS estimates to $2.73 from $2.34.

Stryker

(SYK) - Get Report

downgraded at Morgan Stanley from Equal-weight to Underweight. $37 price target. Estimates also cut.

STOCK COMMENTS / EPS CHANGES

Apollo

(APOL)

numbers raised at Barclays. Shares now seen reaching $95. Estimates also boosted to reflect higher sales and enrollment in the most recent quarter. Overweight rating.

Avon

(AVP) - Get Report

numbers cut at Citigroup. Shares now expected to reach $29. Estimates also lowered. Buy rating.

Celgene

(CELG) - Get Report

added to Top Picks list at Citigroup. Buy rating and $73 price target.

Coach

(COH)

numbers lowered at Barclays. Shares now seen reaching $35. Estimates also cut to reflect lower sales and margins in the latest quarter. Overweight rating.

Manitowoc

(MTW) - Get Report

numbers cut at UBS. Shares now seen reaching $9. Estimates also lowered to match the company's new guidance. Neutral rating.

Spectra Energy

(SE) - Get Report

numbers cut at Barclays. Shares now seen reaching $21. Estimates also lowered to reflect negative expected commodity prices and higher financing costs. Equal-weight rating.

Wal-Mart

(WMT) - Get Report

numbers lowered at UBS. Shares now seen reaching $61. Estimates also cut, to reflect weaker sales and higher costs in recent months. Buy rating.

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