Analysts Upgrades & Downgrades is published weekdays at 10am EDT.

CHANGE IN RATINGS

Bank of America ( BAC - Get Report) estimates raised at Morgan Stanley through 2011. Investment banking and retail brokerage revenue likely to top expectations in the coming quarters. Overweight rating and $32 price target.

Bank of America ( BAC - Get Report) upgraded at Keefe, Bruyette & Woods to Outperform. $16.50 price target. Valuation call, as the company has improved its balance sheet with recent capital raising.

BB&T ( BBT - Get Report) upgraded at Goldman to Neutral from Sell following their capital raise. Decreased target price to $24 from $25.

Corn Products ( CPO) downgraded at BMO from Outperform to Market Perform. $30 price target. Valuation call. Recent problems should abate and margins could return to the double-digits in 2010.

Fifth Third Bancorp ( FITB) upgraded at Goldman to Buy from Neutral following valuation. Raised target price to $8 from $6.50.

Great Plains Energy ( GXP) upgraded at Goldman to Buy from Hold. The increase in ratings follows the completion of its equity overhang and attractive valuation. Maintained price target of $19.

Huntington Bancshares ( HBAN) upgraded at Goldman to Neutral from Sell following their capital raise. Maintained target price of $4.50.

Jones Apparel ( JNY) upgraded at Morgan Stanley to Overweight. $14 price target. Restructuring should begin to help margins in the second half of the year.

Mastercard ( MA) initiated at Piper Jaffray. Initiated with a Buy rating and $222 price target. Introduces 2009 EPS estimates of $10.86.

PF Chang's ( PFCB) upgraded at Argus to Buy. $41 price target. Same-store sales are recovering and cost-cutting should help margins.

Portland General Electric ( POR - Get Report) downgraded at Goldman to Neutral from Conviction Buy based on valuation. Maintained price target of $21.

Phillips-Van Heusen ( PVH) upgraded at Morgan Stanley to overweight with $37 price target. Upgrade based on margin stabilization in the domestic businesses and the underappreciated value of the Calvin Klein licensing business.

Regions Financial ( RF - Get Report) upgraded at Goldman to Buy from Neutral based on valuation. Decreased target price to $5 from $5.50.

Raymond James ( RJF) upgraded at Pali from Neutral to Buy. $20 price target. Bank credit quality is improving, and the company is leveraged to an improvement in the equity markets.

UnitedHealth Group ( UNH) downgraded at Oppenheimer to Underperform from Perform. Indicating that the co. is relying on a very aggressive Medicare bidding strategy that will likely result in significant margin compression. Decreased price target to $24 from $32.

VistaPrint ( VPRT) downgraded at Citigroup to Hold from Buy. Due to its current valuation, the risk/reward scenario is less compelling after reaching its target price. Maintained target price of $44.

Western Alliance Bancorp ( WAL) downgraded at Goldman to Sell from Neutral. Decreased price target to $6 from $8.

Warnaco ( WRC) downgraded at Morgan Stanley to equal weight from overweight with $39 price target. Morgan Stanley continues to believe in long term potential of Calvin Klein portfolio, however recent outperformance leaves other retail stocks with a more favorable risk/reward profile.

STOCK COMMENTS / EPS CHANGES

Americredit ( ACF) target raised at Credit Suisse to $13 from $10. Due to the co.'s funding constraints, it is believed that they trade at a discount compared to their book value. Maintained Neutral rating.

Air Products ( APD) target raised at Jefferies to $78. Company has manageable cyclical risk with a product line that is positioned well in a slowing demand environment. Buy rating.

Yamana ( AUY) target decreased at Credit Suisse to $9.25 from $9.50 based on a decline in production following the sale of three of assets. Maintained Neutral rating.

Brown & Brown ( BRO) estimates cut at Barclays through 2010. Organic growth is slowing during the recession. Underweight rating and $16 price target.

Darden Restaurants ( DRI) target boosted at Morgan Stanley to reaching $41. Stock should be bought ahead of the June 23 earnings report. Company is outperforming its peers in a difficult environment. Overweight rating.

Duke Energy ( DUK) target lowered at Goldman to $14 from $15. Maintained Neutral rating.

El Paso Electric ( EE) target decreased at Goldman to $18 from $19. Lower capital spending and higher than expected rates led to the decrease in numbers. Maintained Buy rating.

Home Depot ( HD) estimates increased at Barclays through 2011. Company held an upbeat analyst meeting, highlighting its improved market position ahead of the home improvement turnaround. Overweight rating and $26 price target.

Skyworks ( SWKS) estimates, target raised at Barclays. Shares seen reaching $12. Estimates increased, as the company is likely taking market share in handsets. Equal-weight rating.

T. Rowe Price ( TROW) numbers increased at Goldman to $34. Estimates also raised, to reflect strong equity market performance. Inflows should also begin to improve soon. Neutral rating.

Vale ( VALE) numbers increased at Credit Suisse to $19 from $18. Cites the changes in the price curve for iron ore. Maintained Neutral rating.

Wisconsin Energy ( WED) target raised at Goldman to $43 from $42 following its earnings statement. Maintained Neutral rating.

Westar Energy ( WR) target raised at Goldman to $21 from $20. Lower near term capital spending, rate based growth, and decreased equity issuance led to the decrease in ratings. Maintained Neutral rating.

XL Capital ( XL) target raised at Credit Suisse to $13 from $9. Following its agreement with Berkshire Hathaway the co. is more stabilized and the risk of insolvency is less. Maintained Neutral rating.

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