NEW YORK (TheStreet) -- CHANGE IN RATINGS
AK Steel AKS was downgraded to sell from neutral at Citigroup. $3.50 price target. Deterioration in modeled negative free cash flow outlook, Citi said.
ON Assignment ASGN was initiated with a buy rating at Bank of America/Merrill Lynch. $24 price target. Company can grow much faster than the industry, BofA/Merrill said.
Aerosonic ATML was downgraded to hold at TheStreet Ratings.
Atmel ATML was downgraded at UBS to neutral from buy. $7 price target. Samsung, Windows 8 opps more limited, UBS said.
Baxter BAX was downgraded at Deutsche Bank from buy to hold. $63 price target. Stock is already pricing in a positive analyst meeting, Deutsche said.
Big Lots BIG was downgraded to hold at TheStreet Ratings.
Peabody Energy BTU was downgraded from buy to underperform at Bank of America/Merrill Lynch. Met coal supply is outpacing demand. $22 price target, BofA/Merrill said.
Carnival CCL was downgraded at Topeka Capital from buy to hold. $38 price target. Stock is up 8% over the past month, but the company could announce disappointing earnings this week, Topeka Capital said.
Cooper Tire CTB was upgraded at Deutsche Bank from hold to buy. $24 price target. Company should perform better after tariffs expire, Deutsche said.
Citrix Systems CTXS was downgraded at Morgan Stanley to equal-weight. Stock is up 34% year to date, but growth tailwinds will fade in 2013, Morgan Stanley said.
Darden DRI was downgraded at JP Morgan from overweight to neutral. Valuation call, based on a $63 price target, JP Morgan said.
First Horizon FHN was downgraded at Compass Point from neutral to sell. Valuation call, based on a $9 price target, Compass Point said.
Lamar Advertising LAMR was upgraded at Morgan Stanley to Overweight. $46 price target. REIT conversion should help the company unlock value, Morgan Stanley said.
Lamar Advertising was upgraded at Wells to outperform. Company will likely cut capital spending under a REIT structure, Wells said.
Packaging Corp. PKG was upgraded at BMO from market perform to outperform. $38 price target. Company is leveraged to higher linerboard prices, BMO said.
PVH PVH was upgraded from neutral to overweight, Piper Jaffray said. $109 price target. Estimates were also boosted, as the company can gain market share across the globe.
Questcor QCOR was downgraded at Leerink Swann to market perform. Valuation call, following Aetna's Acthar decision, Leerink Swann said.
Regions Financial downgraded at Compass Point from buy to neutral. Valuation call, based on a $7.25 price target, Compass Point said.
Robert Half RHI was upgraded at BofA/Merrill from neutral to buy. Demand trends are improving, BofA/Merrill said. $34 price target.
Rockwell Collins ROK was upgraded at Keybanc from hold to buy. $62 price target. New guidance could prove beatable, Keybanc said.
SVB Financial SIVB was upgraded at Sterne Agee from neutral to buy. $71 price target. Loan production and net interest margin should improve, following recent commentary from management, Sterne Agee said.
Suntrust STI was downgraded at Morgan Stanley from buy to neutral. Valuation call, based on a $30 price target, Morgan Stanley said.
Questar STR was upgraded at UBS to buy from neutral. $24 price target. Improving story, attractive entry point, UBS said.
Time Warner Cable TWC was upgraded at Morgan Stanley from equal weight to overweight. $110 price target. Company can generate consistent earnings and cash flow over the next several quarters, Morgan Stanley said.
Veeco Instruments VECO was downgraded at Goldman to sell. $27 price target. Valuation call, as the stock is up 68% year to date, Goldman said.
Valero VLO was downgraded at Argus from buy to hold. Valuation call.
Viropharma VPHM was upgraded at Wells from market perform to outperform. Sales and earnings could trend ahead of expectations, Wells said.
Webster Financial WBS was downgraded at Morgan Stanley from equal-weight to underweight. Multiple could contract on lower expected earnings, Morgan Stanley said. $22 price target.
Walter Energy WLT was downgraded at BofA/Merrill from buy to neutral. $37 price target. Company is leveraged to lower met coal prices, BofA/Merrill said.
United States Steel X was downgraded at Citigroup to Neutral from Buy. $23 price target. Lower steel price forecasts, Citigroup said.
STOCK COMMENTS / EPS CHANGES
Advanced Micro AMD numbers were reduced at JMP Securities through 2013. Industry trends will likely remain sluggish, JMP said. Underperform rating and new $2 price target.
Broadcom BRCM estimates were raised at Citigroup through 2012. Solid demand from customers, including incremental socket in iPhone 5, Citi said. Buy rating and $42 price target.
Salesforce.com CRM price target was raised at Needham. Shares are now seen reaching $180. New products should drive near-term growth, Needham said. Buy rating.
Darden Restaurants DRI numbers were raised at UBS. Shares are now seen reaching $62. Estimates were also increased on potential Olive Garden turnaround, UBS said. Buy rating.
Google GOOG price target was raised at Citigroup to $850. Overhangs are dissipating, Citi said. Buy rating.
KB Home KBH numbers were boosted at JP Morgan. Shares are now seen reaching $18. Estimates were also increased, as the company continues to execute well, JP Morgan said. Overweight rating.
VF Corp VFC price target was raised at Citigroup to $184. Multibrand channel underdeveloped, Citi said. Buy rating.
Vivus VVUS price target was reduced at Credit Suisse. Shares are now seen reaching $29. EU may not approve Qsymia, Credit Suisse said. Outperform rating.
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