Big 5 Sporting Goods upgraded at JP Morgan: BGFV was upgraded from Underweight to Neutral, JP Morgan said. Company likely to have a slow start to 2006, which could be just the beginning of a secular growth decline. Anheuser-Busch upgraded at Bear Stearns: Bear Stearns said it is upgrading BUD to Peer Perform citing new products, easy comps, and stronger pressure on Miller's soft spot. Anheuser-Busch upgraded at Deutsche Bank: Deutsche Bank said it is upgrading BUD to Buy citing new product driven mix and better-than-expected volumes and pricing. Raised target price to $49 from $45. Chicos FAS upgraded at CSFB: CSFB said it is upgrading CHS to Outperform from Neutral. Sees good entry point at current level. Raised target price to $52 from $45. Cott downgraded at Goldman: Goldman said it is lowering its rating on COT to Inline from Underperform citing price increase in the stock on LBO speculation. CSX upgraded at UBS: UBS said it is upgrading CSX to Buy from Neutral citing greater confidence in operations. Raised target price to $70 from $61. Citizens Comm. downgraded at Bear: CZN was downgraded to Peer Perform, Bear Stearns said. Stock is up 14%, after hitting 52-week low on Jan. 25. Near-term upside potential could be limited, though the 7.3% dividend yield and buyback program should support the shares. Encana upgraded at Friedman, Billings, Ramsey & Co.: Friedman, Billings, Ramsey & Co. said it was upgrading ECA from Market Perform to Outperform on Valuation. Maintained $56 target. Lexar Media downgraded at JP Morgan: LEXR was downgraded from Overweight to Neutral, JP Morgan said. Micron bid could cause other potential buyers to emerge, though no reason to add to positions ahead of Thursday's earnings report. Phelps Dodge upgraded at Goldman: Goldman said it is increasing its rating on PD to Outperform from Inline. See recent correction as attractive entry point.