Thursday's Analysts' Upgrades and Downgrades - TheStreet

CHANGE IN RATINGS

Circuit City

(CC) - Get Report

downgraded at UBS to Neutral rating from Buy. Price target slashed to $8.50 from $20 and 2008 EPS estimates drop to loss of $($0.54) from $0.47.

Campbell Soup

(CPB) - Get Report

upgraded at Goldman Sachs to Neutral from Sell based on more attractive valuation and a cooling of expectations. Conservative 2008 guidance create limited downside. Price target at $38.

Danaher

(DHR) - Get Report

downgraded at Goldman Sachs to Neutral from Buy due to valuation. Recent strength has left shares within 3% of $85 price target, near the high end of historical valuation range.

Brinker

(EAT) - Get Report

downgraded at Goldman Sachs to Sell from Neutral. See earnings risk from economic weakness, pressure on casual diners, and more modest opportunities to protect margins. Price target lowered to $28 from $30.

Emerson

(EMR) - Get Report

upgraded at Goldman Sachs to Buy from Neutral, based on positive earnings outlook and attractive risk/reward. Note that stock should benefit from increased market volatility and flight to quality. Price target raised to $58 from $52.

Embarq

(EQ) - Get Report

downgraded at Morgan Stanley from equalweight to underweight and lowers price target from $59 to $55.

Gamestop

(GME) - Get Report

downgraded at UBS to Neutral rating from Buy on valuation. Price target rises to $65 from $56 and 2008 EPS estimates hold at $1.46.

Healthways

(HWAY)

downgraded at Credit Suisse to Neutral from Outperform based on valuation. Stock is up 28% since April and is nearing its target price.

Starbucks

(SBUX) - Get Report

downgraded at BofA to Sell from Hold. Company is facing slower sales growth and tighter margins. Increased competition should also emphasize consumer weakness.

SiRF Technology

( SIRF) upgraded at Credit Suisse to Outperform from Neutral based on anticipated strong holiday season for electronic retailers. Raised target price to $24 from $18.50.

Tyco

(TYC)

downgraded at Goldman Sachs to Sell from Neutral due to limited upside from restructuring story. Price target lowered to $43 from $47.

STOCK COMMENTS / EPS CHANGES

eBay

(EBAY) - Get Report

2007 estimates raised at Goldman by a penny to $1.38 from $1.37. See 4th consecutive quarter of improving conversion rates and ASPs, with listings at or above 552 million estimate. Maintained Buy rating and $43 target.

Xyratex

(XRTX)

target price cut at Credit Suisse to $24 from $29 after company lowered guidance. Maintained Outperform rating.