NEW YORK ( TheStreet) -- CHANGE IN RATINGSArkansas Best ( ABFS) was downgraded to Underperform from Neutral by Bank of America/Merrill Lynch, which said that the Teamsters' rejection of wage cuts leaves Arkansas Best with the highest cost structure in the industry. Price target lowered to $24 from $35. Barrick Gold ( ABX) was upgraded to Buy by Deutsche Bank, which said Barrick should benefit from rising gold prices. Adtran ( ADTN) was upgraded by Barclays to Overweight from Equal Weight. Barclays said solid demand driven by U.S. investment initiatives supports growth outlook. Barclays raised 2010 and 2011 EPS estimates to $1.37 and $1.53, respectively. It also lifted the price target to $31 from $28. AK Steel ( AKS) upgraded to Buy at Citigroup. $19 price target. Stock is down 46% and pricing in lower earnings estimates, Citigroup said. AK Steel upgraded to Neutral from Underperform by Bank of America/Merrill Lynch, which said margin concerns are already priced into the stock. Bank of America/Merrill Lynch is maintaining a $16 price target. Bank of New York Mellon ( BK) was initiated with a Buy rating at Jefferies, which said the bank is most leveraged to higher interest rates and a recovery in the global markets. $35 price target. CGG-Veritas ( CGV) was downgraded to Neutral from Buy on high expectations in an uncertain market, Bank of America/Merrill Lynch said. Price target lowered to $29.15 from 32.50. Comerica ( CMA) was upgraded from Hold to Buy by Soleil Securities. $44 price target. Comerica has balance sheet leverage and should benefit from increased loan demand, Soleil said.
EMC ( EMC) downgraded at JP Morgan to Neutral from Overweight. Price target lowered to $21 from $22. JP Morgan maintains 2010 EPS estimates of 93 cents. General Dynamics ( GD) was upgraded from Sell to Hold by Citigroup. $67 price target. Stock looks attractive, following a recent pullback, Citigroup said. Gilead Sciences ( GILD) was upgraded from Sell to Hold by Morgan Joseph. Risks are priced into the stock at current levels, Morgan Joseph said.