NEW YORK (TheStreet) -- CHANGE IN RATINGS:
Analog Devices ADI was upgraded at Credit Suisse from neutral to outperform. $48 price target. Company should see better end-market demand in 2013.
American Express AXP was downgraded at Goldman Sachs from buy to neutral. $65 price target. See limited earnings upside potential.
CR Bard BCR was upgraded at Bank of America/Merrill Lynch from neutral to buy. $114 price target. Company offers low-risk, double-digit digit annual earnings potential, BofA/Merrill said.
Celanese CE was downgraded at Piper Jaffray to neutral from overweight. $47 price target. Moving to sidelines on valuation and high expectations, Piper Jaffray said.
Commercial Metals CMC was upgraded at Keybanc from hold to buy. $19 price target. Company is leveraged to lower scrap input costs, Keybanc said.
Capital One COF was upgraded at Goldman Sachs from neutral to buy. $75 price target. Company is realizing cost leverage, Goldman said.
Cisco Systems CSCO upgraded at Baird from neutral to outperform, Robert Baird said. $25 price target. Channel checks suggest the company is executing well.
Cisco Systems upgraded at William Blair from market perform to outperform, William Blair said. Company continues to execute well in a difficult environment.
Covance CVD upgraded at Goldman from neutral to buy. $70 price target. Earnings growth should re-accelerate and the company can exceed consensus expectations.
Famous Dave's of America DAVE upgraded to buy at TheStreet Ratings.
Deere DE upgraded at JP Morgan from underweight to neutral. $90 price target. Global fundamentals appear balanced.
EMC EMC downgraded at JP Morgan from overweight to neutral. $26 price target. Estimates also cut, given slower expected growth in the storage market.
Facebook FB upgraded at Deutsche from hold to buy, Deutsche Bank said. $40 price target. Company has the most sales momentum in the industry.
Fusion- io FIO upgraded at JP Morgan to overweight from neutral, JP Morgan said. $30 price target. Competition is a no show.
WW Grainger GWW upgraded at Wunderlich from hold to buy. $255 price target. Company had an upbeat analyst meeting and guidance was well ahead of previous consensus expectations.
Hess HES upgraded at Credit Suisse from underperform to neutral. $68 price target. Net asset value is improving.
HopFed Bancorp HFBC upgraded to buy at TheStreet Ratings.
Hewlett-Packard HPQ upgraded at JP Morgan from underweight to neutral. $21 price target. Headline news will likely not get worse going forward.
H&R Block HRB downgraded at Morgan Stanley to underweight from equal-weight. $17 price target. IRS delays and stock run creates unattractive risk reward.
Huntsman HUN downgraded at Wells Fargo to market perform from overweight. $17-$19 price target. Valuation call.
IBM IBM downgraded at JP Morgan from overweight to neutral. $197 price target. Company has relatively lower growth potential.
Incyte INCY upgraded at Lazard from neutral to buy. $25 price target. Jakafi should see earlier adoption.
Intuitive Surgical ISRG upgraded at Lazard to buy, Lazard Capital Markets said. $600 price target. Stock is attractive, following a 10% pullback.
JDS Uniphase JDSU downgraded at Goldman from buy to neutral, Goldman Sachs said. Valuation call, based on a $14 price target.
Louisiana-Pacific LPX downgraded at DA Davidson from neutral to underperform, DA Davidson said. $18 price target. Recent move is strand board prices is likely not sustainable.
Maxim MXIM downgraded at Credit Suisse from outperform to neutral, Credit Suisse said. $31 price target. Expect significant deterioration in the handset market.
Nucor NUE upgraded at Keybanc from hold to buy, Keybanc said. Company is leveraged to lagging commercial construction markets. $56 price target.
Old Dominion ODEL downgraded at Deutsche from buy to hold, Deutsche Bank said. Valuation call, based on a $40 price target.
Pharmacyclics PCYC downgraded at Lazard to neutral. Company lacks near-term catalysts.
Parexel PRXL upgraded at Goldman from sell to neutral, Goldman Sachs said. $36 price target. Company can continue to expand margins over the coming quarters.
Reliance Steel RS downgraded at Keybanc from buy to hold. Estimates also cut, given a lower pricing environment.
Sprint S downgraded at UBS to neutral from buy, UBS said. $6 price target. 2013 outlook/operational challenges should keep shares range bound in 1H.
Sprint downgraded at JP Morgan from overweight to neutral, JP Morgan said. $6 price target. Sales growth is decelerating.
Scripps Networks SNI downgraded at Deutsche from buy to hold, Deutsche Bank said. $65 price target. Estimates also cut, given lower ratings.
Simpson Manufacturing SSD downgraded at DA Davidson from buy to neutral, DA Davidson said. Company lacks near-term catalysts.
Steel Dynamics STLD upgraded at Keybanc from hold to buy, Keybanc said. $22 price target. Company generates solid free cash flow and pays an attractive dividend.
Varian Medical VAR downgraded Lazard from buy to neutral, Lazard Capital Markets said. Valuation call, as the stock is up 22% since late October.
Verizon VZ downgraded at UBS to neutral from buy, UBS said. $44 price target. Still the leader in wireless, but profitability lower than expected.
Werner WERN downgraded at Deutsche from buy to hold, Deutsche Bank said. $26 price target. Company lacks near-term catalysts.
Wells Fargo WFC downgraded at Oppenheimer to perform from outperform, Oppenheimer said. Stock fairly valued.
Xilinx XLNX upgraded at Credit Suisse from neutral to outperform. $42 price target. Company should see higher end-market demand in 2013.
Zimmer ZHM downgraded at Lazard from buy to neutral. Valuation call.
STOCK COMMENTS / EPS CHANGES
eBay EBAY estimates, target raised at Credit Suisse. Shares of EBAY now seen reaching $50, according to Credit Suisse. Estimates also increased, given expected accelerating user growth. Neutral rating.
Facebook FB numbers raised at Oppenheimer. Shares of FB now seen reaching $34. Estimates also raised on Facebook Exchange impact. Outperform rating.
Garmin GRMN numbers lowered at JP Morgan. Shares of GRMN now seen reaching $36. Estimates also lowered on 10%-15% decline in PND unit shipments in 2013. Underweight rating.
HMS Holdings HMSY numbers raised at Jefferies. Shares of HMSY now seen reaching $34. Estimates also raised on positive thematic momentum. Buy rating.
KBR KBR numbers lowered at J.P. Morgan. Shares of KBR now seen reaching $40. Estimates also lowered on intensification of execution risks. Overweight rating.
Microsoft MSFT numbers cut at UBS. Shares of MSFT now seen reaching $35. Estimates also lowered to reflect weakness in CQ4 PC demand units. Buy rating.
SAP SAP target raised at Jefferies. Shares of SAP now seen reaching $82. Revenue estimates appear achievable. Hold rating.
Yum! Brands YUM numbers lowered at Oppenheimer. Shares of YUM now seen reaching $74. Estimates also lowered on less 2013 growth. Outperform rating.
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