Analysts' Actions: AAPL APA BLK MS TTWO

TheStreet Staff
September 11, 2013

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Apple was downgraded at Bank of America/Merrill Lynch to neutral. $520 price target. iPhone announcements were a disappointment, and the company lacks catalysts, BofA/Merrill said.

Apple was downgraded at UBS to neutral from buy. $520 price target. Company lacks strength in key markets, like China, UBS said.

Apple was downgraded at Credit Suisse to neutral from outperform. $525 price target. Company is limiting its potential by ignoring the lower end of the market, Credit Suisse said.

Apache was downgraded at UBS to neutral from buy. Recent run after the announcement of asset sales, said UBS. Price target is $90.

Aeropostale was downgraded to sell at TheStreet Ratings.

BBCN Bancorp was upgraded at DA Davidson to buy from neutral. Loan production should remain strong, DA Davidson said.

BlackRock was downgraded at UBS to neutral from buy. Expenses and fees put pressure on margins, said UBS. Price target was reduced to $280.

Conagra was upgraded at Goldman Sachs to buy. $42 price target. Fundamentals appear to have bottomed, Goldman said.

Cognex was upgraded at Piper Jaffray to neutral from underweight. $58 price target. Company is seeing secular growth in the logistics market, Piper Jaffray said.

Consolidated Edison was downgraded at Jefferies to hold from buy. $58 price target. Reduction in retail margins at the company's unregulated business, Jefferies said.

Digital Realty Trust was downgraded to hold at TheStreet Ratings.

Ingersoll Rand was upgraded at J.P. Morgan to overweight from neutral. $72 price target. Offers a combination of leverage to an improving economy and continued productivity improvement, J.P. Morgan said.

Marriott was upgraded at UBS to buy from neutral. Positive North American RevPAR outlook, said UBS. Price target raised to $52.

Morgan Stanley was upgraded at UBS to buy from neutral. Upgrade reflects transition to a wealth management business, said UBS. Price target raised to $33.

Revlon was upgraded at BMO Capital to outperform. $31 price target. Colmer purchase should add to earnings and cash flow in 2014, BMO Capital said.

Rockwell Automation was downgraded at J.P. Morgan to neutral from overweight. $106 price target. Recent rally now discounts most of the upside potential from a late cycle lift in fundamentals, J.P. Morgan said.

Spectrum was initiated with an outperform rating at Oppenheimer. $82 price target. Company is underfolllwed and can ramp free cash flow, Oppenheimer said.

SPX Corp was upgraded at J.P. Morgan to overweight from neutral. $89 price target. Sum of parts analysis supports ~60% upside, J.P. Morgan said.

Take-Two was downgraded at Pacific Crest to sector perform. Group could see a correction, after the next console releases, Pacific Crest said.

STOCK COMMENTS / EPS CHANGES

Conagra estimates, price target were cut at Credit Suisse. Shares are now seen reaching $36. Estimates were also reduced, given the company's new guidance, Credit Suisse said. Neutral rating.

Continental Resources estimates were reduced at UBS. Earnings estimates were reduced on widened oil differential guidance, said UBS. Price target remains $110.

E*Trade estimates, price target were boosted at Sterne Agee. Shares are now seen reaching $19.50. Estimates were also increased. New capital deployment strategy could generate higher returns, Sterne Agee said. Buy rating.

Jarden estimates, price target were increased at Oppenheimer. Estimates were increased through 2014. Yankee Candle acquisition should add to earnings, Oppenheimer said. Outperform rating and new $56 price target.

Restoration Hardware numbers were raised at Jefferies. Shares are now seen reaching $88. Estimates were also increased as earnings upside is coming sooner than expected, said Jefferies. Buy rating.

Ralph Lauren was added to Focus List at Citigroup. Valuation call, as the company is performing well in Europe, Citi said.

Weyerhaeuser estimates were reduced at UBS. Estimates were reduced given trends in wood products earnings, said UBS. Price target remains $24.

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