Analysts' Actions: ANF CAT KBH MGM P VMW

TheStreet.com

NEW YORK (TheStreet) -- CHANGE IN RATINGS:

Abercrombie & Fitch ANF was upgraded at BMO Capital to outperform. $61 price target. Company's domestic outlook is improving, BMO Capital said.

Caterpillar CAT was upgraded at BMO Capital from market perform to outperform. $130 price target. Worst news appears to be behind the company, BMO said.

Equinix EQIX was downgraded at Citigroup to neutral from buy. $240 price target. Risk reward scenario has become more balanced, Citi said.

Fifth Third FITB was upgraded at Wells Fargo from market perform to outperform. Company should see improving returns and deliver greater capital flexibility, Wells said.

Fortinet FTNT was downgraded at Wunderlich from buy to hold. $22 price target. Company will likely face increased competition in the coming quarters, Wunderlich said.

Interxion Holding INXN was downgraded at Citigroup to neutral from buy. $25 price target. Challenging business environment in Europe may restrain revenue growth prospects, Citi said.

KB Home KBH was upgraded at Compass Point to buy. $20.50 price target. Company has addressed its liquidity concerns, Compass Point said.

Lennar LEN was upgraded at Compass Point from neutral to buy. Valuation call, based on a $49.50 price target, Compass Point said.

MGM Resorts MGM was downgraded at Deutsche Bank from buy to hold. Valuation call, based on a $13 price target, Deutsche Bank said.

Norwegian Cruise NCLH was initiated with a buy rating at Stifel Nicolaus. $33 price target. Cruise industry should see multiple years of yield expansion, Stifel Nicolaus said.

NCR NCR was downgraded at Compass Point from buy to neutral. $30 price target. Valuation call, as the stock has made a strong run since October, Compass Point said.

Pandora P was downgraded at Wedbush from outperform to neutral. $11.50 price target. Company may see higher competition on royalty rates, Wedbush said.

PNC Financial PNC was downgraded at Wells Fargo from outperform to market perform. Valuation call, Wells said.

Standard Pacific SPF was upgraded at Compass Point from neutral to buy. $10.25 price target. Company is leveraged to key housing markets that are rebounding, Compass Point said.

Tyson Foods TSN was upgraded at Bank of America/Merrill Lynch from underperform to buy. $27 price target. Company is leveraged to improved chicken and beef fundamentals, BofA/Merrill Lynch said.

VMWare VMW was downgraded at MKM Partners to neutral. $77 price target. New product growth will likely decelerate in 2013, MKM Partners said.

VMWare was downgraded at Wunderlich to hold. $75 price target. Company materially lowered its near-term guidance, Wunderlich said.

VMWare was downgraded at Sterne Agee to neutral. $86 price target. Company lacks near-term catalysts, Sterne Agee said.

VMWare was downgraded at Morgan Stanley to equal-weight. Company is facing a lengthy transition period, Morgan Stanley said.

VMWare was downgraded at Piper Jaffray to neutral. $90 price target. Company offered disappointing revenue guidance, Piper Jaffray said.

STOCK COMMENTS / EPS CHANGES

Air Methods AIRM target raised at Oppenheimer to $49, Oppenheimer said. Positioned to benefit from structural changes. Outperform rating.

Biogen Idec BIIB numbers raised at Jefferies. Shares of BIIB now seen reaching $187, Jefferies said. Estimates also raised on strong 2013 outlook. Buy rating.

Caterpillar CAT target raised at Jefferies to $95, Jefferies said. Orders have bottomed in 4Q. Hold rating.

Dunkin Brands DNKN numbers raised at UBS. Shares of DNKN now seen reaching $41, UBS said. Estimates also increased on faster than expected acceleration of unit development. Buy rating.

Facebook FB estimates, target boosted at Credit Suisse. Shares of FB now seen reaching $31, according to Credit Suisse. Estimates also upped, as the company is seeing better mobile monetization. Neutral rating.

Honeywell International HON numbers raised at Oppenheimer. Shares of HON now seen reaching $80, Oppenheimer said. Estimates also raised on growing margins. Outperform rating.

Hershey Foods HSY numbers raised at Citigroup. Shares of HSY now seen reaching $89, Citigroup said. Significant upside to consensus 2013 EPS exists.

Illumina ILMN estimates, target cut at Credit Suisse. Shares of ILMN now seen reaching $59, according to Credit Suisse. Estimates also reduced, as the company lowered its guidance.

3M MMM numbers raised at UBS. Shares of MMM now seen reaching $110, UBS said. Estimates also increased on solid 4Q organic growth. Buy rating.

Roper Industries ROP numbers raised at Oppenheimer. Shares of ROP now seen reaching $130, Oppenheimer said. Estimates also raised on operating leverage. Outperform rating.

Seagate STX estimates, target upped at BMO. STX estimates were boosted through 2014, BMO Capital said. Company is leveraged to a more stable pricing environment. Market Perform rating and new $35 price target.

Travelers TRV numbers raised at UBS. Shares of TRV now seen reaching $85, UBS said. Estimates also increased as rate momentum should lead to improved ROE. Buy rating.

VMware VMW numbers lowered at Jefferies. Shares of VMW now seen reaching $95, Jefferies said. Estimates also lowered on 2013 guidance fall. Hold rating.

Yahoo! YHOO estimates, target raised at Credit Suisse.Shares of YHOO now seen reaching $21, according to Credit Suisse. Estimates also increased, as the company is seeing lower acquisition costs. Neutral rating.

Yahoo! numbers raised at Oppenheimer. Shares of YHOO now seen reaching $22, Oppenheimer said. Estimates also raised on solid 4Q results. Perform rating.

Zions Bancorporation ZION numbers increased at Sterne Agee. ZION estimates were raised through 2014, Sterne Agee said. Company has healthy loan pipelines and can cut its cost of capital. Neutral rating and new $24 price target.

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