American Oriental ( AOB) initiated at Jefferies with Buy rating. Price target starts at $20 with FY 2008 eps estimates set at $0.81. Aon ( AOC) upgraded at Goldman Sachs to Buy from Neutral based on earnings growth and lack of exposure to mortgage crisis. See 13% earnings growth in 2008, with modest topline growth as company benefits from MMC's problems. Price target at $56. Credicorp ( BAP) initiated at Morgan Stanley with an overweight rating and $97 price target. BB&T ( BBT) upgraded at Oppenheimer from Sell to Neutral. Remain cautious on the group, but the company has an attractive balance sheet and sports an attractive dividend yield. Circuit City ( CC) downgraded at JP Morgan from Overweight to Neutral. The company will likely struggle for the next couple of quarters and a turnaround would require deep pockets, potentially from a strategic partner. Dick's Sporting Goods ( DKS) upgraded at Citigroup from Hold to Buy. Valuation call, as private label initiatives should help boost margins. $37 price target. Dick's Sporting Goods target raised at Goldman to $32 from $31. Q3 earnings came in above expectations, showing market share momentum, unique product offerings, and better inventory control. Maintained Neutral rating. Gorman-Rupp ( GRC) downgraded at Friedman, Billings Ramsey from Market Perform to Underperform. There is downside risk potential to 2008 earnings. $32 price target.