CHANGE IN RATINGS

Advanced Micro ( AMD) downgraded at BofA to Sell. $5 price target. Company has lost its technology lead to INTC. Loss estimates also widened.

Amazon.com ( AMZN) upgraded at Citigroup from Hold to Buy. Share price has consolidated since July, creating an attractive buying opportunity for a core Internet holding. $119 price target.

Baker Hughes ( BHI) downgraded at JP Morgan from Overweight to Neutral. Estimates also cut because of a challenging rig count growth and the timing of emerging market profits.

BJ's Wholesale ( BJ) downgraded at JP Morgan from Overweight to Neutral. Stock was up 27% last year, and is already pricing in positive changes made by the new CEO.

Diamond Offshore ( DO) downgraded at Credit Suisse to Neutral from Outperform based on valuation and potential near-term earnings risk. Maintained $142 target price.

FedEx ( FDX) downgraded at JP Morgan from Overweight to Neutral. Risks remain to the company's Ground contractor model.

Goodyear Tire ( GT) coverage initiated at Goldman with a Neutral rating and $32 price target. See further margin expansion as turnaround continues to progress, but remain cautious due to challenging macroeconomic outlook as well as rising raw material prices.

Hess ( HES) downgraded at UBS to Neutral rating from Buy. However, price target upped to $110 from $87.

IAC/InterActive ( IACI) downgraded at Citigroup from Buy to Hold. $29 price target. Company is losing market share in its key businesses and has limited international exposure.

Intel ( INTC) downgraded at BofA to Neutral. Do not expect further near-term upside, as gross margins should stabilize. $26 price target.

Annaly Capital ( NLY) rated new Neutral at Credit Suisse. Cites company should benefit from continued Fed rate cuts but believes this is already priced into the stock. Sets $19 target price.

Norfolk Southern ( NSC) downgraded at JP Morgan from Overweight to Neutral. Valuation remains attractive, but expect continued volume weakness in the fourth quarter.

Priceline.com ( PCLN) upgraded at JP Morgan from Neutral to Overweight. Market is not giving the company enough credit for its international growth potential.

Texas Instruments ( TXN) downgraded at BofA to Neutral. $36 price target. More cautious cyclical outlook and fundamentals could deteriorate in wireless. 2008 estimate also cut.

UnitedHealth ( UNH) downgraded at CIBC to Sector Perform. Stock gained 20% in the past two months, and will struggle to outperform its peers in 2008.

STOCK COMMENTS / EPS CHANGES

King Pharmaceuticals ( KG) target lowered at Goldman to $12 from $13. See lower long-term Thrombin JMI revenues due to competition and also less growth in Skelaxin. Price target lowered due to recent compression in sector multiples. Note positive Phase III data for remoxy. Maintained Neutral rating.

This article was written by a staff member of TheStreet.com.

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