Analysts' Actions: AAPL, BHI, REG, TXN

TheStreet.com

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Apple AAPL downgraded to Neutral from Buy at Citigroup with a $575 price target. Near-term cuts bring risks into focus.

AOL AOL downgraded at TheStreet Ratings to hold.

Baker Hughes BHI was downgraded to Equal-Weight at Morgan Stanley with a $50 price target. Activity has deteriorated faster than expected in North America.

Cepheid CPHD was initiated as a Buy at Bonk of America/Merrill Lynch with a $40 price target. Company is a leader in a quickly growing market.

CBOE Holdings CBOE downgraded at TheStreet Ratings to hold.

Dean Foods DF was initiated with an Overweight rating at Morgan Stanley with a $22 price target. Expect stability in the fluid milk business and the company is cutting costs.

Esterline ESL was initiated with a Neutral rating at Goldman Sachs with a $73 price target. Margins and returns are at the low end of the industry.

Informatica INFA was upgraded from Neutral to Overweight at Piper Jaffray with a $36 price target. Worst appears behind the company in Europe.

Molycorp MCP was initiated with a Neutral rating at Goldman Sachs with an $11 price target. Company lacks visibility on the cost side.

ON Semiconductor ONNN was upgraded from Neutral to Buy at Sterne Agee with a $9 price target. Company has multiple potential near-term catalysts.

Pool POOL was initiated with a Buy rating at Keybanc with a $49 price target. Company deserves a premium valuation.

Post POST was initiated with a Buy rating at Goldman Sachs with a $40 price target. Company is turning itself around.

Regency Center REG was downgraded to Neutral from Buy at Citigroup with a $50 price target. Valuation call.

Sandridge SD was downgraded from Hold to Sell at Canaccord Genuity with a $4 price target. Do not expect a takeover bid to materialize.

Tanger Factory SKT was upgraded to Buy from Neutral at Citigroup with a $37.50 price target. Pure play outlet portfolio shoudl drive NOI growth.

Simon Property Group SPG was upgraded to Buy from Neutral at Citigroup with a $173 price target. Mall and outlet platform should provide solid NOI growth.

Tenet Healthcare THC was upgraded from Hold to Buy at Deutsche Bank with a $38 price target. Business mix and margins are improving.

Texas Instruments TXN was downgraded from Neutral to Underperform at Sterne Agee with a $27 price target. Exit from the wireless segment will weigh on sales and margins.

Valassis VCI was downgraded from Overweight to Neutral at JP Morgan with a $30 price target. Valuation call, as the stock is up 41% year-to-date.

STOCK COMMENTS / EPS CHANGES

Apple AAPL estimates, target cut at Canaccord. Shares of AAPL now seen reaching $750, according to Canaccord Genuity. Estimates also reduced, given lower expected iPad sales. Buy rating.

ARIAD Pharma ARIA numbers lowered at Jefferies. Shares of ARIA now seen reaching $23, Jefferies said. Estimates also lowered on safety issues for Iclusig. Buy rating.

Bed Bath & Beyond BBBY numbers cut at UBS. Shares of BBBY now seen reaching $64.50, UBS said. Estimates also lowered as shares reflect caution on comps. Neutral rating.

Expedia EXPE estimates, target boosted at Cantor Fitzgerald. Shares of EXPE now seen reaching $70, according to Cantor Fitzgerald. Estimates also upped, following positive channel checks. Buy rating.

Oracle ORCL target raised at Jefferies. Shares of ORCL now seen reaching $34, Jefferies said. Expecting easy comps. Hold rating.

PPG Industries PPG target raised at Jefferies. Shares of PPG now seen reaching $150, Jefferies said. Potential accretion from PPG-Akzo deal. Buy rating.

Research in Motion RIMM estimates trimmed at UBS. RIMM estimates lowered through 2014, UBS said. Nine million unit assumption too optimistic. Neutral rating.

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