NEW YORK ( TheStreet) -- CHANGE IN RATINGSAmerican Water ( AWK) rated new Equal-weight at Morgan Stanley. $23 price target. Stock is already pricing in expected earnings growth. American Axle & Manufacturing ( AXL) downgraded at Credit Suisse to Neutral from Outperform on valuation. Maintain $10 price target. 2010 and 2011 EPS estimates set at 82 cents and $1.24, respectively. Peabody Energy ( BTU) rated new Hold at Deutsch. $57.50 price target. Company is a leader, but already trades at the high end of the industry valuation range. Choice Hotels ( CHH) downgraded at JP Morgan. Rating lowered to Underweight from Neutral. Maintains $31 price target. Raises 2010 EPS estimates to $1.77 from $1.70. eBay ( EBAY) upgraded at Credit Suisse to Outperform from Neutral as PayPal is growth driver. Price target jumped to $32 from $25. 2010 and 2011 EPS estimates lifted to $1.69 and $1.97, respectively. FirstEnergy ( FE) downgraded at Citigroup from Buy to Hold. Estimates also lowered, as forward spreads have collapsed in recent months. $42 price target. Genzyme ( GENZ) downgraded at JP Morgan. Rating lowered to Underweight from Neutral. Price target lowered to $45 from $55. 2010 EPS estimates lowered to $2.00 from $2.85. J. Crew ( JCG) was initiated with an Outperform rating at Robert Baird. $55 price target. Company has strong growth prospects and should continue to execute on its strategy. Marriott ( MAR) upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $36 from $27. 2010 EPS estimates raised to $1.02 from $0.91. Mirant ( MIR) downgraded at Citigroup from Hold to Sell. $10 price target. Company will be hurt by lower dark spreads. NRG Energy ( NRG) downgraded at Citigroup from Buy to Hold. $25 price target. Valuation call, as the company will be hurt by lower commodity prices. Public Service ( PEG) downgraded at Citigroup from Hold to Sell. $27 price target. Earnings will be hurt by falling forward commodity prices. PPL ( PPL) downgraded at Citigroup from Buy to Hold, $30 price target. Spreads are falling and the risk to the company's upcoming rate case in Pennsylvania.