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Analysts' Actions: BBRY CHKP CIT JCP WFM

TheStreet Staff


Airgas was downgraded at Bank of America/Merrill Lynch to underperform from neutral. $94 price target. Organic sales growth is decelerating, BofA/Merrill said.

Research In Motion was downgraded at Goldman Sachs to neutral from buy. $17 price target. Z10 launch was soft at AT&T , Goldman said.

Check Point was downgraded at Lazard Capital Markets to neutral from buy. Channel checks suggest increased share losses to Palo Alto Networks , Lazard Capital Markets said.

CIT Group was downgraded at Compass Point to neutral from buy. Valuation call, Compass Point said.

Ducommun was upgraded to hold at TheStreet Ratings.

JC Penney was downgraded at BMO Capital Markets to underperform from market perform. $12 price target. Company will continue to post sizable losses, BMO Capital Markets said.

KB Home was upgraded at Williams Financial to hold from sell. $22 price target. Business turnaround appears to be in sight, Williams Financial said.

Lear was cut from the Conviction Buy List at Goldman Sachs. Company lacks near-term catalysts, Goldman said. $63 price target.

Life Technologies was downgraded at Citigroup to neutral. Recent price movement has been dictated by takeout speculation rather than fundamentals, Citi said. Price target is $67.

MeadWestvaco was downgraded to hold at Deutsche Bank based on valuation concerns. The price target is still $37, Deutsche Bank said.

Mylan was downgraded at Bernstein to market perform from outperform. $33 price target. Company lacks near-term catalysts, Bernstein said.

Packaging Corp. of America was downgraded at Deutsche Bank to hold after cardboard and box prices were increased. Price target is now $46.

Sigma-Aldrich was downgraded at Bank of America/Merrill Lynch to underperform. $78 price target. Valuation call, based on a $78 price target, BofA/Merrill said.

SPX was downgraded to hold at Deutsche Bank. Limited upside, Deutsche said. The price target is now $90.

Stone Energy was upgraded to buy at TheStreet Ratings.

Textron was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock has already made a big move in recent months J.P. Morgan said.

Veeco Instruments was upgraded at Canaccord Genuity to buy. $48 price target. Equipment market has finally bottomed, Canaccord Genuity said.

Whole Foods was downgraded at Piper Jaffray to neutral from overweight. Sales and margin growth is slowing, Piper Jaffray said. $89 price target.


Alcoa earnings estimates for fiscal 2013 were reduced at UBS. Higher LME aluminum prices will be offset by lower production and shipments, UBS said. Price target remains $10.

Borg Warner price target was increased to $88 at Citigroup. The company's exposure to the fast growing Stop/Start market is underappreciated by the market, Citi said.

Dollar General estimates and price target were increased at Citigroup. Earnings estimates were increased based on strong same-store sales in a favorable operating environment, said Citigroup. The new price target is $65.

Parexel estimates and price target were increased at Citigroup to reflect the new share buyback program, said Citigroup. The company is well-positioned to benefit from the multiyear drug development outsourcing trend, Citigroup said. The new price target is $45.

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