Analysts' Upgrades, Downgrades: Delta

CHANGE IN RATINGS

Adtran ( ADTN) upgraded at Citigroup to Buy. $27 price target. Company has significant potential to accelerate revenue growth.

BJ Services ( BJS) downgraded at JPMorgan. Rating lowered to Underweight from Neutral. Price target lowered to $12 from $17. 2009 EPS estimates lowered to 76 cents from 85 cents.

Continental Airlines ( CAL) upgraded at Morgan Stanley. Rating raised to Overweight from Equal-weight. Introduces $12 price target. 2009 EPS estimates raised to $2.34 from 18 cents.

Cisco Systems ( CSCO) initiated at Deutsche Bank. Initiated with a Buy rating and $26 price target. Introduces 2009 EPS estimates of $1.12.

Delta Air Lines ( DAL) initiated at Morgan Stanley. Initiated with an Overweight rating and $9 price target. Introduces 2009 EPS estimates of -69 cents.

Energy Conversion Devices ( ENER) initiated at JPMorgan. Initiated with an Overweight rating and $28.50 price target. Introduces 2009 EPS estimates of 84 cents.

F5 Networks ( FFIV) initiated at Deutsche Bank. Initiated with a Hold rating and $37 price target. Introduces 2009 EPS estimates of $1.06.

First Solar ( FSLR) downgraded at JPMorgan. Rating lowered to Neutral from Overweight. Price target raised to $140 from $92. Maintains 2009 EPS estimates of $5.83.

Gran Tierra Energy ( GTE) initiated at JPMorgan. Initiated with a Neutral rating. Introduces 2009 EPS estimates of 18 cents.

Johnson Controls ( JCI) downgraded at Deutsche Bank. Rating lowered to Hold from Buy. Price target raised to $23 from $20. 2009 EPS estimates lowered to 39 cents from 42 cents.

Juniper Networks ( JNPR) initiated at Deutsche Bank with a Hold rating and $22 price target. Introduces 2009 EPS estimates of 47 cents.

Southwest Airlines ( LUV) downgraded at Morgan Stanley. Rating lowered to Underweight from Equal-weight. Introduces $6 price target. Raises 2009 EPS estimates to 26 cents from 22 cents.

Sunpower ( SPWRA) upgraded at JPMorgan. Rating raised to Neutral from Underweight. Price target raised to $25.00 from $15.50. Maintains 2009 EPS estimates of 51 cents.

Take-Two Interactive ( TTWO) upgraded at Kaufman to Buy. $14 price target. Company should post solid profits in 2010, even without a new Grand Theft Auto game.

STOCK COMMENTS / EPS CHANGES

Advanced Micro Devices ( AMD) target raised at Goldman to $1.50 from $1.30 to better reflect the seasonal/cyclical improvement in industry fundamentals in 2H2009. Maintained Sell rating.

Ball ( BLL) target raised at KeyBanc. Price target raised to $55 from $48. Maintains Buy rating and 2009 EPS estimates of $3.90.

Ball ( BLL) target increased at Credit Suisse to $48 from $45. The increase in numbers was prompted by the co. announcing that it will be buying four can plants from Anheuser-Busch InBev which produces 10 billion aluminum cans annually and increases revenue by $577M. Maintained Neutral rating.

General Mills ( GIS) target raised at Goldman to $64 from $63. The increase in numbers was prompted by reaffirming guidance for 2010, new products and continued brand investment, margin-driven earnings growth, and lower raw material costs. Maintained Buy rating.

Coca-Cola ( KO) target raised at Credit Suisse to $57 from $48. The co. seems poised for an acceleration in regards to growth and is less rigid and pragmatic considering the competitive pressures related to its bottling system. Maintained Outperform rating.
This article was written by a staff member of TheStreet.com.