Friday's Analysts' Upgrades and Downgrades - TheStreet

Change in Ratings

American Standard

( ASD) was upgraded to Overweight at JPMorgan. Commercial air conditioning market and stock buyback should help drive the stock higher.

CBRL Group

(CBRL) - Get Report

was downgraded from Overweight to Neutral at JPMorgan. Following the recent recapitalization, the stock will only move higher if management delivers solid 2007 results.

Capital One

(COF) - Get Report

was downgraded from Buy to Neutral at Merrill Lynch. Stock has limited upside, based on its new earnings guidance. Limited receivable growth will also weigh on margins.

COF was downgraded from Outperform to Market Perform at Friedman Billings Ramsey. Company missed earnings estimates and lowered its guidance, because of weakness in the Alt-A mortgage market. $80 price target.

COF numbers lowered at Jefferies. Price target drops to $87 from $95, and 2007 EPS estimates lowered to $7.05 from $7.70. Reiterates Buy rating.

Fifth Third

(FITB) - Get Report

was downgraded to Hold at Citigroup. $41 price target. Estimates cut through 2009, though the new management team is starting to get the company on the right track.

Marriott

(MAR) - Get Report

was upgraded from Market Perform to Outperform at Wachovia. As the cycle matures, the company's business model will generate higher earnings and a premium to the pure hotel stocks.

Palm

( PALM) was upgraded from Underweight to Equal-weight at Lehman Brothers. $19 price target. Smart-phone market is rapidly growing, and competition is starting to cool off.

Schering-Plough

( SGP) was downgraded from Buy to Hold at AG Edwards. Valuation call. Estimates also raised to reflect higher Vytorin and Zetia sales.

Stock Comments/EPS Changes

Credit Suisse is raising its 2008 EPS estimates on

Activision

(ATVI) - Get Report

to 50 cents from 45 cents to account for strong sales. Raised target price to $25 from $22.

Goldman is raising its 2007 EPS estimates on

American Express

(AXP) - Get Report

to $3.56 from $3.39 following solid first-quarter results. Raised target price to $66 from $64.

Goldman is lowering its 2007 EPS estimates on COF by 60 cents to $7.30 following disappointing first-quarter results. Lowered target price to $89 from $96.

Goldman is raising its 2007/2008 estimates on

Google

(GOOG) - Get Report

following strong first-quarter results. Maintained Buy rating and $620 target price.

Goldman is raising its 2007 EPS estimates on

Merrill Lynch

( MER) to $8.50 from $8.20. Says every major segment posted record results. Raised target price to $108 from $107.

Noble Corp.

(NE) - Get Report

numbers raised at Jefferies. Price target upped to $103 from $100, and 2007 EPS estimates rise to $8.99 from $8.91. Reiterates Buy rating.

Credit Suisse is lowering its target price on

Robert Half

(RHI) - Get Report

to $44 from $48 after first-quarter results fell short of estimates. Maintained Outperform rating.

RHI numbers lowered at UBS. Price target drops to $51 from $53, and 2007 EPS estimates lowered to $1.82 from $2.00. Reiterates Buy rating.

Credit Suisse is raising its target price on

Supervalu

(SVU)

to $50 from $48 following solid fourth-quarter results and strong outlook. Maintained Outperform rating.

Wesco

(WCC) - Get Report

was added to the Focus List, JP Morgan said. $81 price target. Company is expanding margins across its diverse range of end-markets. Estimates also raised, to reflect the buyback program.