CHANGE IN RATINGS

Burger King

(BKC)

downgraded at Citigroup from Buy to Hold. $18 price target. Checks show that same-store sales are trending below plan.

CBS Corp

(CBS) - Get Report

upgraded at UBS. Rating raised to Buy from Sell. Price target raised to $9.00 from $3.80. 2009 EPS estimates lowered to $0.44 from $0.48.

J. Crew

(JCG)

upgraded at Goldman Sachs to Neutral from Sell due to Q1 results that included strong sales improvement that didn't rely on markdowns. See little reason to remain negative now that near-term risk is greatly reduced. Price target raised to $23 from $13.

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J. Crew

(JCG)

numbers raised at Jefferies through 2010. Company is realizing higher margins and has clean inventories. Hold rating and new $20 price target.

Level 3 Communications

(LVLT)

downgraded at UBS from Neutral to Sell. $0.80 price target. Valuation call, as enterprise and wholesale trends are weakening.

Morgan Stanley

(MS) - Get Report

upgraded at Keefe, Bruyette & Woods to Outperform. $35 price target. New analyst believes the joint venture with Smith Barney will be a big winner.

News Corp.

(NWS) - Get Report

upgraded at JPMorgan to Overweight from Neutral based on valuation. Note that the market is assigning a negative value to several of the company's segments that generate positive cash flow. Price target raised to $12 from $9.

Office Depot

(ODP) - Get Report

upgraded at JPMorgan to Overweight from Neutral. See potential for positive earnings revisions as economic environment stabilizes over the next year. Shares remain high risk, but offer a 3-to-1 risk-reward scenario. Price target raised to $8 from $5.

Qualcomm

(QCOM) - Get Report

initiated at Roth Capital. Initiated with a Hold rating and $44 price target. Introduces 2009 EPS estimates of $1.48.

Winn-Dixie Stores

(WINN)

upgraded at FBR to Outperform from Market Perform. Cites strong valuation based on stable business trends and a strong cash position. Maintained price target at $16.50.

STOCK COMMENTS / EPS CHANGES

Bristow Group

(BRS) - Get Report

target raised at Credit Suisse to $30 from $28. Cites the acquisition of Lider Aviacao will further their dominance as the largest supplier of helicopter services in Brazil. Maintained a Neutral rating.

Dell

(DELL) - Get Report

target raised at Credit Suisse to $14 from $13 following strong gross margins, better cash flows, and an attractive valuation. Maintained an Outperform rating.

Dell

(DELL) - Get Report

estimates lowered at Wachovia through 2011. Company is seeing weaker corporate demand and is cutting prices. Outperform rating.

Heinz

(HNZ)

target raised at Barclays to $38. Company recently held an upbeat analyst meeting. Equal-weight rating.

J. Crew

(JCG)

target raised at Credit Suisse to $27 from $14. Improvements in same store sales, very strong earnings, and an improved guidance outlook led to the increase in numbers. Maintained an Outperform rating.

Marvell Technology

(MRVL) - Get Report

estimates raised at UBS through 2011. Company is seeing higher sales and an improved product mix. Buy rating and $12 price target.

Novell

(NOVL)

estimates increased at UBS through 2010. Company is seeing favorable currency rates and also realizing a lower tax rate. Buy rating and $6 price target.

Palm

(PALM)

estimates, target raised at Weisel to $10.50. Estimates also increased, ahead of the Pre launch. Neutral rating.

Polaris Industries

(PII) - Get Report

upgraded at Baird to Outperform from Neutral. Growth beyond power sports, potential for expanding their military business, and an attractive valuation has caused the raise in rating. Target raised to $37 from $32.

MEMC Electronic

(WFR)

target raised at UBS to $22. Company has worked out a new solar wafer deal with STP. Buy rating.

Cimarex

(XEC) - Get Report

numbers boosted at UBS through 2010. Estimates also increased, to reflect a higher value for the company's Woodford shale assets. Neutral rating.

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