CIBC (CM) (UBSH) (ASBC) (BWS) (SWFT) (CBOE) Upgraded by Analysts

CIBC (NYSE: CM), Union First Market Bankshares Corp (NASDAQ: UBSH), Associated Banc-Corp (NASDAQ: ASBC), Brown Shoe Company, Inc. (NYSE: BWS), Swift Transportation (NASDAQ: SWFT) and CBOE Holdings, Inc (NASDAQ: CBOE) upgraded by analysts.

CIBC (NYSE: CM) was upgraded by analysts at to a “Buy” rating.

Union First Market Bankshares (UBSH) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $15.00 on the company.

Associated Banc-Corp (ASBC) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating.

Brown Shoe Company, Inc. (BWS) was upgraded by BB&T from a “Hold” rating to a “Buy” rating.

Swift Transportation (SWFT) was upgraded by Capstone from a “Sell” rating to a “Hold” rating. They have a price target of $10.50 on the company.

CBOE Holdings, Inc (CBOE) was upgraded by Stifel Nicolaus from a “Sell” rating to a “Hold” rating.

Newmont's (NEM) Price Target Lowered and Raised

Analysts took their ratings on Newmont Mining (NYSE:NEM) in different directions today, as CIBC cut its price target on the firm to $73 from $80.

On the other hand, RBC Capital analysts boosted their price target on Newmont Mining Co. (NEM) from $62.00 to $67.00. They now have an “Underperform” rating on the stock.

Newmont Mining, which recently recorded a record cash flow of just under $1 billion, was trading at $58.26, falling $0.97, or 1.64 percent, as of 1:45 PM EDT.

UBS (NYSE:UBS), CIBC World Markets, TD Securities Increase Gold Estimates

Last week, investment banks UBS (NYSE:UBS), CIBC World Markets and TD Securities all increased their outlook on gold prices, will all of them looking for around $1,300 an ounce or more going forward.

UBS was the last of the three during the week to upwardly revise their numbers, increasing their outlook from $1,129 an ounce to $1,205 an ounce for 2010, and up to $1,295 an ounce, from $1,250 an ounce in 2011.

The dubious stress tests and their results didn't impress UBS, as it didn't many others, as the bank noted that "ongoing pressure on sovereign debt markets, combined with persistent concern over private sector credit contraction will raise the specter of debt monetization repeatedly over the next few years.”

TD Securities increased their gold price estimates in 2011 from $1,100 to $1,300, and from $1,000 to $1,400 in 2012. They also cited global economic uncertainties as the impetus behind their changes in viewpoint concerning gold.

For CIBC World Markets, their changes were the largest, increasing their outlook in 2012 to $1,500 an ounce. Over the long term, they see gold leveling at from $1,000 to $1,200 an ounce.

The fall season is historically a big mover for gold prices, and with prices continuing to find support a slightly below $1,200 an ounce, gold could make a big move starting in September.

Eldorado (NYSE:EGO) Rating Cut by CIBC World Markets

Eldorado Gold Corp. (NYSE:EGO) had their rating cut by CIBC World Markets, while Barrick Gold (NYSE:ABX) was upgraded to "Sector Outperformer."

The rating of Eldorado was slashed from "Sector Outperformer" to "sector performer," as maintance costs and other factors keep the company from a strong performanc.

The maintanence elements refers to the Kisladag mine, where they'll doing work going forward, while the producton factor is the lower grade ore found by the company.

Eldorado closed Thursday at $16.03, up $0.34, or 2.17 percent, in New York.

Volume was 2,787,579, about half the 3-month average.