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Monday's Analysts' Upgrades and Downgrades

Who made what calls.
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CHANGE IN RATINGS

Anheuser-Busch

(BUD) - Get Anheuser-Busch InBev SA/NV Sponsored ADR Report

upgraded at AG Edwards from Hold to Buy. $54 price target. Recent pullback has moved the stock to a discount of its improving fundamentals.

BorgWarner

(BWA) - Get BorgWarner Inc. Report

upgraded at Goldman Sachs to Buy from Neutral due to attractive valuation. See shares outperforming in weakening environment due to leverage to European and Asian markets where there is less production risk. Target price at $88.

Clear Channel Outdoor

(CCO) - Get Clear Channel Outdoor Holdings Inc Report

upgraded at Bear Stearns from Peer Perform to Outperform. Stock is down 14% on the year, though the credit crunch could reduce the likelihood of a potential buyout.

Countrywide Financial

(CFC)

downgraded at Keefe, Bruyette & Woodsfrom Market Perform to Underperform. Loss of thrift deposits is a meaningful risk for the company. $18 price target.

Centerpoint Energy

(CNP) - Get CenterPoint Energy, Inc. (CNP) Stock Price, News, Buy or Sell Rating Report

upgraded at Citigroup from Hold to Buy. $19.50 price target. Stock is trading back at its trough levels of 2001, and should generate consistent growth over the coming years.

Dollar Tree Stores

(DLTR) - Get Dollar Tree, Inc. Report

upgraded at Wachovia from Market Perform to Outperform. Estimates raised, as the company is in the middle stages of a turnaround. Merchandising at different price points is driving same-store sales growth.

Darden Restaurants

(DRI) - Get Darden Restaurants, Inc. Report

upgraded at CIBC from Sector Perform to Outperform. $50 price target. Valuation call, as the deal of the RARE purchase have been misunderstood.

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First Solar

(FSLR) - Get First Solar, Inc. Report

upgraded at Deutsche Bankfrom Hold to Buy. $100 price target. Stock is down 29% since the end of July, and the company deserves a premium valuation.

JB Hunt Transport

(JBHT) - Get J.B. Hunt Transport Services, Inc. (JBHT) Report

upgraded at Wachovia to Outperform. Intermodal franchise continues to drive growth, and the stock should outperform its peers for the remainder of the year.

Lamar

(LAMR) - Get Lamar Advertising Company Class A Report

upgraded at Bear Stearns from Peer Perform to Outperform. Stock is down 16% on the year, and a more modest second half outlook is already priced in.

McGraw-Hill

(MHP)

downgraded at JP Morgan from Overweight to Neutral. Credit markets should continue to see declining issuance activity. Stock will likely tread water in the near term.

Wild Oats

(OATS)

downgraded at Bear Stearns to Peer Perform. $18.50 price target. FTC injunction is blocking the WFMI purchase, and investors should take profits.

Tenneco

(TEN) - Get Tenneco Inc. Class A Report

downgraded at Goldman Sachs to Neutral from Buy based on valuation. See increased risk due to weakening North American pickup truck outlook. Price target at $37.

STOCK COMMENTS / EPS CHANGES

Research in Motion

(RIMM)

2008 estimates raised at Goldman to $5.96 from $5.48 based on positive store checks and expectations for strong international sales. Price target raised to $295 from $260 and maintained Buy rating.