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

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Bank of America ( BAC) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $15 price target. Company needs to raise additional capital.

Baker Hughes ( BHI) upgraded at UBS from Neutral to Buy, UBS said. $87 price target. Estimates also boosted, as the company is realizing higher international margins.

Mack-Cali Reality Corp ( CLI) downgraded at Citi to Hold from Buy. Lack of fundamental catalysts and balance sheet is overcapitalized, Citigroup said. Price target lowered to $35 from $41.

Cogdell Spencer ( CSA) upgraded at Citi to Buy from Hold. Attractive valuation, near term catalysts, and potential takeover target, Citigroup said. Maintain $6.50 price target.

El Paso Electric ( EE) upgraded at Jefferies to Buy, Jefferies said. Estimates also boosted, as the company is buying back more stock. $33 price target.

Janus Capital ( JNS) rated new Market Perform at Wells. Valuation call.

Micros Systems ( MCRS) upgraded at RBC from Sector Perform to Outperform, RBC Capital said. $58 price target. Company is in the early stages of boosting growth in the restaurant and hotel sectors.

Noble ( NE) upgraded at UBS from Neutral to Buy, UBS said. Estimates also boosted, as near-term fundamentals are improving. $55 price target.

Red Hat ( RHT) upgraded at Baird from Neutral to Outperform, Robert Baird said. $50 price target. Billings growth is accelerating.

Verso Paper ( VRS) upgraded at Credit Suisse to Outperform from Neutral. Attractive valuation and clarifying capacity, Credit Suisse said. Maintain $6 price target.

Waddell and Reed ( WDR) rated new Market Perform at Wells Fargo. Stock appears fairly valued at current levels.

End or report.
This article was written by a staff member of TheStreet.

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