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

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

American Eagle ( AEO) downgraded at Jefferies from Buy to Hold, Jefferies said. Company is struggling to execute in a difficult environment. $15 price target.

Arthur J. Gallagher ( AJG) upgraded at Stifel from Sell to Hold, Stifel Nicolaus said. Expect domestic rates to rise in 2012.

Allegheny Technologies ( ATI) upgraded at Goldman to Buy. $90 price target. Company is leveraged to an aerospace recovery and the Ladish purchase should help add to earnings.

Choice Hotels ( CHH) downgraded at Argus from Buy to Hold, Argus Research said. Growth appears to be slowing.

Cisco Systems ( CSCO) downgraded at Canaccord from Buy to Hold. $20 price target. Company lacks near-term catalysts.

Cisco Systems estimates upped at Goldman through 2012. Company is boosting margins through cost cuts. Neutral rating and $21 price target.

Cisco Systems downgraded at Baird from Outperform to Neutral, Robert Baird said. $20 price target. Issues will be difficult to correct in the near term.

CVS Caremark ( CVS) upgraded at BofA/Merrill from Neutral to Buy, Bank of America/Merrill Lynch said. $45 price target. Stock is attractive on a sum-of-the-parts valuation.

Diamond Foods ( DMND) rated new Buy at Deutsche Bank. $75 price target. Pringles acquisition should help drive growth.

Hershey Foods ( HSY) upgraded at Argus from Hold to Buy, Argus Research said. Company can deliver solid growth, despite rising costs.

Vail Resorts ( MTN) downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $55 price target. Company is facing a difficult pricing environment.

Transocean ( RIG) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. $70 price target. Stock is attractive, following a 22% decline over the past two months.

Ross Stores ( ROST) upgraded at Jefferies from Sell to Hold. $75 price target. Company is executing well in a difficult environment.

Ross Stores ( ROST) rated new Buy at UBS. $90 price target. Company is an attractive growth story with margin momentum.

Reliance Steel ( RS) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Valuation call, based on a new $60 price target.

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