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CHANGE IN RATINGS

Agrium

(AGU)

downgraded at Credit Suisse: Credit Suisse is downgrading AGU to Neutral from Outperform based on valuation. Stock has essentially hit its target price.

Advanced Micro Devices

(AMD) - Get Advanced Micro Devices, Inc. Report

upgraded at UBS: UBS is upgrading AMD to Neutral from Reduce based on valuation. Believes shares are more likely to be range-bound near-term.

Chicago Board of Trade

(BOT)

downgraded at Credit Suisse: Credit Suisse is downgrading BOT to Underperform from Neutral based on valuation. Cites stock is up 15% in past two weeks and upside relative to peers is limited. Maintained $115 target price.

Chipotle

(CMG) - Get Chipotle Mexican Grill, Inc. Report

upgraded at JP Morgan: CMG was upgraded from Neutral to Overweight at JP Morgan. Completion of the MCD tax-free exchange should remove an overhang from the stock. Company should be able to post 25% to 30% annual earnings growth over the next couple of years.

Cypress Semi

(CY) - Get Cypress Semiconductor Corporation Report

downgraded at Merrill: CY was downgraded from Buy to Neutral at Merrill Lynch. Stock is already pricing in speculation of a potential buyout of SPWR spin-off.

Digitas

TheStreet Recommends

(DTAS)

downgraded at Suntrust: DTAS was downgraded from Buy to Neutral, Suntrust, Robinson Humphrey said. Stock has rallied hard since reporting quarterly results, and there is limited upside potential from current levels.

Mastercard

(MA) - Get Mastercard Inc. (MA) Report

downgraded at Citigroup: MA was downgraded from Buy to Hold at Citigroup. Stock is up 50% since the Aug. 2 earnings report, and upside potential appears limited despite continued strong business fundamentals. $84 price target.

Mastercard

(MA) - Get Mastercard Inc. (MA) Report

downgraded at Goldman Sachs: Goldman said it is downgrading MA to Sell from Neutral based on valuation. Believe potential for disappointment versus expectations is heightened given the stock's premium multiple. Price target at $63.

McDonald's

(MCD) - Get McDonald's Corporation (MCD) Report

coverage resumed at Morgan Stanley: Morgan Stanley resumes coverage of McDonalds with an overweight rating and a price target of $45. Morgan Stanley believes the stock will be driven by a turnaround in European results and easing fears of a U.S. slowdown.

Molex

(MOLX)

downgraded at Credit Suisse: Credit Suisse said it is downgrading MOLX to Neutral from Outperform based on valuation. Stock is trading near its target price of $40 a share.

Sprint Nextel

(S) - Get SENTINELONE, INC. Report

downgraded at UBS: UBS is downgrading S to Neutral from Buy. Believes operational issues will persist into 2007. Lowered target price to $20 from $23.

STOCK COMMENTS / EPS CHANGES

Cephalon

(CEPH)

price target raised at Morgan Stanley: Morgan Stanley raises its price target on Cephalon from $68 to $74, based on increased confidence in Fentora's long term growth potential.

Piper raises estimates on three Biotech stocks: Piper is raising its third-quarter earnings estimates on AMLN, DNA, and GILD due to higher drug sale estimates. Maintained Outperform rating on all.

Teledyne

(TDY) - Get Teledyne Technologies Incorporated Report

price target raised at Jefferies: TDY target increased to $44 from $40 at Jefferies. See shares undervalued relative to market position and growth potential. Reiterated Buy rating.

Wyeth

(WYE)

added to Focus List at Merrill:WYE was added to the Focus List, Merrill Lynch said. Company offers defensive growth, and can improve earnings by 12% a year through the end of the decade. Buy rating and $58 price target.