Tuesday's Analysts' Upgrades and Downgrades

Who made what calls.
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CHANGE IN RATINGS

BB&T

(BBT) - Get Report

rated new Buy at UBS:UBS said it is initiating coverage on BBT with a Buy rating. Cites above average growth likely in 2007. Sets $50 target price.

China Medical

(CMED)

downgraded at Goldman Sachs:Goldman said it is downgrading CMED to Neutral from Buy based on valuation and uncertainty stemming from announced acquisition of CB. Company reported strong Q2 results, however see limited potential for outperformance. Target price raised to $30.70 from $28.50.

Orient-Express

(OEH)

rated new Neutral at UBS:UBS said it is initiating coverage on OEH with a Neutral rating. Cites great world assets but stock is fully valued. Sets $45 target price.

Sprint Nextel

(S) - Get Report

downgraded at AG Edwards:Rating on S was cut from Buy to Hold, AG Edwards said. $21 price target. Valuation call, and the stock is up 21% since Aug. 7. Company's churn remains relatively high, and a takeover is not very likely.

TSYS

(TSS) - Get Report

rated new Buy at UBS:UBS said it is initiating TSS with a Buy rating. Believes long-term opportunities outweigh near-term concerns. Sets $29 target price.

STOCK COMMENTS / EPS CHANGES

Computer Sciences

(CSC)

estimates lowered at Jefferies:Jefferies said it is cutting its 2007 estimates on CSC by 5 cents to $3.46 due to shrinking commercial business and negative top line momentum. Heavily backend-loaded guidance and delays in European downsizing suggest muted near-term business momentum. Reiterated Underperform rating and $44 target.

Dillard

(DDS) - Get Report

estimates increased at Goldman:2007 estimates on DDS raised to $2.18 from $1.95, Goldman said. See margin improvement boosting stock in spite of weak trend in same store sales. Maintain $28 target and position on Americas Sell list.

Dicks' Sporting

(DKS) - Get Report

estimates raised at Goldman Sachs:Goldman said it is raising its 2006 estimates on DKS to $1.98 from $1.87 after company reported stellar Q3 earnings. Gross margins drove strong bottom line results, thanks to cost controls. Maintained Neutral rating and $51 target.

Dick's Sporting Goods

(DKS) - Get Report

estimates raised at Credit Suisse:Credit Suisse said it is raising its 2007 EPS estimates on DKS from $1.88 to $1.97 following a very strong 3Q. Maintained $55 target price and Outperform rating.