Change in RatingsAnn Taylor ( ANN) upgraded at Goldman Sachs to Neutral from Sell based on valuation. Note that shares trade at three times 2009 EBITDA estimate, limiting major additional downside potential. Price target cut to $16 from $21. Barnes & Noble ( BKS) downgraded at Goldman Sachs to Sell from Neutral based on recent outperformance in share price and expected estimate cuts in weakening environment. Price target trimmed to $24 from $28. Church & Dwight ( CHD) upgraded at UBS to Buy from Neutral. Maintains 2008 EPS estimates of $2.85 and $64 price target. Chipotle ( CMG) downgraded to Underperform from Neutral at Merrill Lynch. Price target reduced to $51 from $63. 2008 EPS reduced to $2.36 and 2009 EPS to $2.75. Downgrade based upon continued deterioration of consumer landscape. Dow Chemical ( DOW) downgraded at J.P.Morgan to Neutral from Overweight based on near-term earnings risk and headwinds to growth potential from Rohm & Haas ( ROH) acquisition. Believe acquisition synergies will be delayed in contracting demand environment. Note lower near-term earnings due to outages caused by Hurricanes Gustav and Ike. Brinker ( EAT) upgraded at Goldman Sachs to Neutral from Sell based on balanced risk-reward following recent selloff. Believe management has capitulated on company's earnings outlook over the next year. Price target at $13. GameStop ( GME) upgraded at Piper Jaffray to Buy from Neutral based on valuation and fundamentals. Note that shares trade around 10 times 2009 earnings estimates despite earnings growth of 40% in 2008 and 18% in 2009. Price target lowered to $35 from $50.