Activision Blizzard ( ATVI) upgraded at Goldman Sachs to Buy from Neutral based on attractive late-2009 game slate and reduced investor focus on music genre fatigue. See potential for positive EPS revisions as Q1 results and E3 show ease concerns. Priec target raised to $14 from $10. Bristol-Myers Squibb ( BMY) downgraded at Goldman Sachs to Neutral from Buy based on relative valuation and lower potential as a takeout candidate. See greater opportunity in other stocks within coverage universe. Price target trimmed to $23 from $25. Coca-Cola Enterprises ( CCE) upgraded at Merrill/BofA from Neutral to Buy. $18 price target. Estimates also raised, to reflect higher volumes and a better pricing environment. Dish Network ( DISH) downgraded at Goldman Sachs to Neutral from Buy. See shares as undervalued, but believe first-quarter results are likely to disappoint investors. Price target at $15. DreamWorks Animation ( DWA) upgraded at Goldman Sachs to Buy from Neutral based on developing catalysts, including increased earnings expectations for 2009-2011. Believe recent estimate cuts are over and see potential for multiple expansion. Price target raised to $27 from $23. Lincoln National ( LNC) upgraded to Equalweight at Morgan Stanley from underperform due to decreased downside risk. LNC has underperformed peers and is at a sizeable discount to the group. The need to borrow to fund debt and commercial paper maturities have already played out and reflected in consensus estimates. Macy's ( M) downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Maintains $13 price target and 2009 EPS estimates of $0.60.