Change in Ratings

American Eagle

(AEO) - Get Report

was upgraded to Buy, Lazard Capital Markets said. Valuation call, based on a $22 price target. Sales trends are also accelerating.

Credit Suisse upgraded

Aflac

(AFL) - Get Report

to Outperform from Neutral on improved fundamental trends. Price target increased to $60 from $52. 2009 and 2010 EPS estimates set at $4.86 and $5.25, respectively.

Abercrombie & Fitch

(ANF) - Get Report

was upgraded to Outperform, Friedman, Billings Ramsey said. Expect more promotions, especially at Hollister, to combat market share losses.

Baidu

(BIDU) - Get Report

was downgraded to Market Perform, Bernstein Research said. $460 price target. Valuation has caught up with the fundamentals.

Deere

(DE) - Get Report

was upgraded from Market Perform to Outperform, Wells Fargo said. Company had a strong quarter, and earnings should bottom in 2010. Also, Deere estimates were increased through 2011, Goldman Sachs said. Improving commodity prices should boost farm demand. Neutral rating and new $57 price target.

Genzyme

( GENZ) was upgraded from Hold to Buy, Citigroup said. $63 price target. Cerezyme shipments are approaching, and the stock is already pricing in several potential negative news items.

Liberty Global

(LBTYA) - Get Report

initiated at JP Morgan. Initiated with a Neutral rating and $23.50 price target. Introduces 2009 EPS estimates of -$2.77.

Supervalu

(SVU)

was downgraded from Equal-weight to Underweight, Morgan Stanley said. Company will struggle to try and turn around its core grocery business.

Safeway

(SWY)

was upgraded to Equal-weight, Morgan Stanley said. Company appears to be making progress in its price positioning.

US Bancorp

(USB) - Get Report

was upgraded from Neutral to Outperform, Robert Baird said. Valuation call, based on a $29 price target. Company is on a clear path to return to normalized earnings.

Watson Pharmaceuticals

(WPI)

was upgraded from Hold to Buy, Citigroup said. $48 price target. Expect Arrow purchase to add to earnings as well as improving generic margins.

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