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Analysts' Actions: AMZN PCLN NVDA FL DSW

TheStreet Staff


NEW YORK (TheStreet) -- CHANGE IN RATINGS
Advanced Micro Devices AMD downgraded to sell at TheStreet Ratings.
Accuray ARAY upgraded to hold at TheStreet Ratings.
Apollo APOL downgraded at Deutsche from Hold to Sell, Deutsche Bank said. $25 price target. Company is facing increased competitive pressures.
Carefusion CFN rated new Buy at ThinkEquity. $30 price target. Company can continue to deliver solid organic growth over the next few quarters.
Chemtura CHMT rated new Buy at Lazard. $25 price target. Company is positioned well to deliver solid margin growth.
Denbury Resources DNR upgraded at Sterne Agee to Buy, Sterne Agee said. $20 price target. Company is leveraged to higher gulf coast crude pricing.
DSW DSW rated new Neutral at Credit Suisse. Valuation call, based on a $70 price target.
First Horizon FHN downgraded at Guggenheim to Neutral, Guggenheim said. Valuation call, as the stock is up 10% since May.
Foot Locker FL rated new Outperform at Credit Suisse. $43 price target. Company is carrying a lot of sales momentum into the second half of the year.
Green Mountain GMCR rated new Buy at Lazard. $39 price target. K-Cup should continue to drive growth over the next several quarters.
Gartner IT downgraded at Lazard from Buy to Neutral, Lazard said. Valuation call, as the stock is up 47% year-to-date.
Jacobs Engineering JEC downgraded at Lazard from Buy to Neutral, Lazard said. Valuation call, as the company will likely struggle to expand its multiple.
Nvidia NVDA downgraded at Cantor from Buy to Hold, Cantor Fitzgerald said. $13.50 price target. Company is leveraged to slower growth in the PC market.
Priceline.com PCLN upgraded at Nomura from Neutral to Buy, Nomura said. $740 price target. Company should continue to expand its reach across the globe in the coming quarters.
Packaging Corp. PKG upgraded at Goldman from Sell to Neutral, Goldman Sachs said. Company is leveraged to higher containerboard prices.
Patterson-UTI PTEN upgraded at BMO from Underperform to Outperform, BMO Capital said. $20 price target. Consensus earnings expectations have come down to a more reasonable level.
Rock-Tenn RKT upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Stock was also placed on the Conviction List. $83 price target. Company is leveraged to higher containerboard prices.
Suntrust Banks STI upgraded at BMO from Market Perform to Outperform, BMO Capital said. $35 price target. Estimates also boosted, as the company is improving its balance sheet.
Solarwinds SWI rated new Market Perform at BMO. $60 price target. Demand in the core network management software market appears to have softened.
Teco Energy TE downgraded at UBS to Sell from Neutral, Citigroup said. $51 price target. Estimates also cut, given lower expected production.
Weyerhaeuser WY downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Company was also cut from the Conviction List. Valuation call, based on a $27 price target.
Alleghany Y rated new Market Perform at JMP. Company lacks near-term catalysts.
Zimmer ZMH upgraded at Bernstein from Market Perform to Outperform, Bernstein said. Valuation call, based on a $76 price target.

STOCK COMMENTS / EPS CHANGES

Amazon.com AMZN target raised at Lazard to $300, according to Lazard. New Kindle lineup can drive near-term growth. Buy rating.
Cooper COO estimates, target increased at JP Morgan. COO estimates were raised through 2014, JP Morgan said. Company boosted its guidance. Overweight rating and new $100 price target.
Snyder's-Lance LNCE numbers boosted at Deutsche. Shares of LNCE now seen reaching $25, according to Deutsche Bank. Estimates also upped, Snack Factory acquisition should add to earnings. Market Perform rating.
QLogic QLGC estimates, target upped at ThinkEquity. QLGC estimates were boosted through 2014, ThinkEquity said. Mt. Rainier project could be a solid future growth driver. Hold rating and new $13 price target.
Wolverine WWW estimates, target cut at Credit Suisse. Shares of WWW now seen reaching $48, according to Credit Suisse. Estimates also reduced, given lower realized demand. Outperform rating.

STRATEGY CALLS / MARKET CALLS

S&P 500 target upped at Credit Suisse. SPX now seen reaching 1,500 by the end of 2012, Credit Suisse said. If volumes remain weak, there could be a sharp move in the markets-- likely to the upside. Also setting a mid-2013 target of 1,520.
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