Editor's Note: Green and red arrows refer to intraday stock price movement.

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Alcoa ( AA) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $22 price target. Company is improving operations, and should benefit from higher aluminum prices.

Analog Devices ( ADI) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Risk/reward appears more even at current levels.

AnnTaylor ( ANN) downgraded at Piper Jaffray to Neutral from Overweight. Maintains $29 price target. Maintains fiscal 2011 EPS estimates of $1.32.

Airgas ( ARG) upgraded at William Blair to Outperform from Market Perform. Maintains fiscal 2011 EPS estimate of $3.28.

ArvinMeritor ( ARM) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. $24 price target. Stock is already pricing in growth prospects.

Aeropostale ( ARO) downgraded at Jefferies from Hold to Underperform, Jefferies said. Retail stocks have made a cyclical move and may need to digest gains. New $20 price target.

Aeroflex ( ARX) rated new Equal-weight at Morgan Stanley. Valuation call, based on a $17 price target.

Boeing ( BA) upgraded at JP Morgan to Overweight. Core commercial airline profits should continue to improve. $83 price target.

Boeing ( BA) target, estimate lowered at Barclays. BA price target sunk to $80 from $87. Still attractive, even with another 787 slip, Barclays said. 2010 and 2011 EPS estimates lowered to $4.10 and $4.50, respectively. Maintain Overweight rating.

CR Bard ( BCR) rated new Equal-weight at Morgan Stanley. Stock already trades at a premium multiple.

CR Bard ( BCR) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call, based on a $95 price target.

Boston Scientific ( BSX) downgraded at JP Morgan to Underweight. $7.50 price target. 2011 will likely be another transition year for the company.

Chemed ( CHE) downgraded at JMP from Outperform to Market Perform. Stock lacks catalysts and the company could face margin pressure.

Coach ( COH) downgraded at Jefferies from Buy to Hold. Valuation call, based on a $54 price target.

Dryships ( DRYS) downgraded at Morgan Stanley from Overweight to Underweight. Order for 12 newbuild tankers could lead to a further asset discount for the stock.

Expedia ( EXPE) downgraded at Soleil from Buy to Hold. $28 price target. Company will likely see increased competition from GOOG.

General Motors ( GM) rated new Buy at Goldman. $43 price target. Company is fully restructured and ready for growth.

Haemonetics ( HAE) downgraded at Morgan Stanley from Equal-weight to Underweight. $55 price target. Revenue growth could decline in the next several quarters.

Integra Lifesciences ( IART) downgraded at JP Morgan from Overweight to Neutral. Stock is already pricing in another year of solid growth. $53 price target.

Intel ( INTC) downgraded at Piper to Neutral. Company is not leveraged to the wave of growth in ultramobile devices.

KBR ( KBR) upgraded at BB&T. Rating raised to Buy from Hold. Establishes new $37 price target. Maintains 2010 EPS estimates of $1.97.

KLA-Tencor ( KLAC) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Cyclical names could underperform in the new year.

Kennametal ( KMT) upgraded at Keybanc from Hold to Buy. $48 price target. Company should continue to see higher end-market demand.

LPL Investment ( LPLA) rated new Sell at Citigroup. Valuation call, based on a $32 price target.

Nuvasive ( NUVA) upgraded at JP Morgan from Underweight to Neutral. Valuation call, based on a $29 price target.

ON Semiconductor ( ONNN) upgraded at Citigroup from Hold to Buy. $14 price target. Sanyo deal should add to earnings.

PG&E Corp ( PCG) downgraded at Barclays to Equal Weight from Overweight on increased regulatory overhang and an equity dribble program throughout 2011, Barclays said. Price target lowered to $51 from $53.

Pinnacle West Capital ( PNW) downgraded at Barclays to Equal Weight from Overweight on valuation and increased regulatory risk, Barclays said. Maintain $45 price target.

Polyone ( POL) upgraded at Keybanc from Hold to Buy. $18 price target. Company can deliver positive organic volume growth.

Scripps Networks ( SNI) rated new Buy at Citigroup. $63 price target. Company's assets appear undervalued, and management may ultimately sell the business.

St. Jude ( STJ) downgraded at Morgan Stanley from Equal-weight to Underweight. Company could be hurt by a softening CRM market. $38 price target.

Constellation Brands ( STZ) downgraded at Morgan Stanley from Overweight to Equal-weight, Morgan Stanley said. Valuation call, after the stock gained 39% last year.

Under Armour ( UA) downgraded at Jefferies from Buy to Hold, Jefferies said. Valuation call, based on a $52 price target.

Urban Outfitters ( URBN) downgraded at Jefferies from Buy to Hold, Jefferies said. Stock appear fully valued at current levels. New $35 price target.

Varian Semiconductor ( VAEA) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company has potential structural growth drivers.

Wisconsin Energy ( WEC) downgraded at Barclays to Equal Weight from Overweight on valuation, Barclays said. Price target lowered to $62 from $66. Expecting dividend increase in January.

Westar ( WR) rated new Buy at Citigroup. $27 price target. Valuation call, as the company should have some positive near-term regulatory results.
This article was written by a staff member of TheStreet.

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