NEW YORK (TheStreet) -- CHANGE IN RATINGS: Adtran
ADTN downgraded at UBS to sell from neutral, UBS said. $17 price target. Visibility remains limited. Alkermes
ALKS rated new neutral at Credit Suisse. Valuation call, based on a $24 price target. CBS
CBS upgraded at Wedbush from neutral to outperform, Wedbush said. $50 price target. Company is attractive on a sum-of-the-parts basis. Columbia Sportswear
COLM downgraded at BofA/Merrill from buy to underperform, Bank of America/Merrill Lynch said. Estimates also cut, given the company's new guidance. $45 price target. Cree
CREE downgraded at Jefferies to underperform from buy, Jefferies said. $28 price target. Overly optimistic LED demand trends.Cisco Systems
CSCO downgraded at JP Morgan from neutral to underweight, JP Morgan said. $18 price target. Company is exposed to sluggish enterprise spending. Donaldson
DCI upgraded at BofA/Merrill from neutral to buy, Bank of America/Merrill Lynch said. $41 price target. Estimates also boosted, as the company is realizing higher margins. EQT
EQT downgraded at Stifel from buy to hold, Stifel Nicolaus said. Valuation call, as the stock reached the previous $67 price target. FedEx
FDX target raised at Citigroup to $114, Citigroup said. Improving international volumes and cost plan. Buy rating. Informatica
INFA downgraded at Wedbush from outperform to neutral, Wedbush said. Company may disappoint with 2013 guidance. Itron
ITRI downgraded at Jefferies to hold from buy, Jefferies said. $43 price target. High 1H13 consensus.Medtronic
MDT upgraded at Credit Suisse from neutral to outperform Credit Suisse said. $50 price target. Company can grow faster than consensus expectations over the coming quarters. Mead Johnson
MJN downgraded at JP Morgan from overweight to neutral, JP Morgan said. Valuation call. Qlik Technologies
QLIK downgraded at Stifel from buy to hold, Stifel Nicolaus said. Company faces a transition year in 2013. Waters
WAT downgraded at Wells from outperform to market perform, Wells Fargo said. Valuation call. Williams-Sonoma
WSM downgraded at Goldman from buy to neutral, Goldman Sachs said. Margins have likely peaked. $51 price target. Yum
YUM downgraded at Argus from buy to hold, Argus said. Company will likely see weaker growth in China.
STOCK COMMENTS / EPS CHANGESApple
AAPL estimates, target reduced at BMO. Shares of AAPL now seen reaching $640, according to BMO Capital. Estimates also cut, as near-term guidance could disappoint. Outperform rating. Bank of NY Mellon
BK numbers cut at BofA/Merrill. Shares of BK now seen reaching $26, according to Bank of America/Merrill Lynch. Estimates also reduced, as the company is experiencing margin pressure. Neutral rating. CBS
CBS numbers raised at UBS. Shares of CBS now seen reaching $45, UBS said. Estimates also increased as company is unlocking value with US outdoor REIT conversion. Buy rating. Comerica
CMA estimates, target increased at BMO. CMA estimates were raised through 2014, BMO Capital said. Company is seeing better net interest income and has a lower provision forecast. Market Perform rating and new $32 price target.
Comerica numbers raised at Jefferies. Shares of CMA now seen reaching $35, Jefferies said. Estimates also raised on loan growth. Hold rating.El Paso Pipeline
EPB numbers raised at UBS. Shares of EPB now seen reaching $42, UBS said. Estimates also increased as cost savings should help drive 4Q beat. Buy rating. First Solar
FSLR numbers raised at Jefferies. Shares of FSLR now seen reaching $30, Jefferies said. Estimates also raised on high short interest. Hold rating.Jarden Corporation
JAH numbers raised at Oppenheimer. Shares of JAH now seen reaching $65, Oppenheimer said. Estimates also raised on positive pre- announcement. Outperform rating.United Rentals
URI numbers boosted at Piper. Shares of URI now seen reaching $55, according to Piper Jaffray. Estimates also upped, as the construction market is recovering. Overweight rating.
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