CHANGE IN RATINGS

Baker Hughes

(BHI)

downgraded at Morgan Stanley to Underweight. $50 price target.

Motorola

( MOT) upgraded at Goldman Sachs to Buy from Neutral based on valuation. Expect weak Q1 guidance when company reports in early February. Price target raised to $7 from $4.50.

Palm

( PALM) downgraded to neutral at JP Morgan and price target increased to $7.50 from $7.

Patterson UTI Energy

(PTEN) - Get Report

downgraded at Credit Suisse to Underperform from Outperform. Lowered target price to $7.50 from $12.

Research in Motion

( RIMM) upgraded at RBC to Outperform from Sector Perform. $75 price target.

Polo Ralph Lauren

(RL) - Get Report

downgraded at Goldman Sachs to Sell from Neutral. Price target cut to $37 from $51.

Smith International

( SII) downgraded at Morgan Stanley to Equal-weight. $45 price target.

Teradyne

(TER) - Get Report

downgraded at Oppenheimer to Perform. $5 price target.

Wendy's/Arby's

(WEN) - Get Report

upgraded at Morgan Stanley to Overweight. $7 price target.

MEMC Electronic

(WFR)

downgraded at UBS to Sell from Neutral. Lowered target price to $14.50 from $20.

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