Analysts' Upgrades, Downgrades: Apple

PerkinElmer (PKI Quote) upgraded at Deutsche Bank. Rating raised to Hold from Sell. Price target raised to $19 from $14. 2009 EPS estimates raised to $1.30 from $1.25.

PPDI (PPDI Quote) upgraded at Deutsche Bank. Price target raised to $26 from $22. Maintains 2009 EPS estimates of $1.45.

Republic Services (RSG Quote) downgraded at Goldman to conviction list sell from Buy after the firm stated that it is suspending coverage on the co. Maintained $24 price target.

SunTrust Banks (STI Quote) upgraded at FBR Capital to market perform from underperform and $17 price target maintained. Market perform rating reflects concerns over STI's below average reserve coverage of nonperforming loans and expectations that commercial credit will deteriorate. Expects STI to return to profitability in 2Q10 but sees no near term catalysts to buy the stock.

Stanley Works (SWK Quote) upgraded at Deutsche Bank. Rating raised to Hold from Sell. Price target raised to $38 from $31. 2009 EPS estimates raised to $2.18 from $2.03.

MEMC Electronic (WFR Quote) upgraded at Citigroup from Hold to Buy. $24 price target. Stock also added to the Top Picks Live list, as pricing has reached an inflection point in the semiconductor business.

STOCK COMMENTS / EPS CHANGES

Apple (AAPL Quote) target raised at Goldman to $160 from $145 based on valuation. Maintained Neutral rating.

Abbott (ABT Quote) target decreased at Credit Suisse to $46 from $49. Prescription trends may worsen throughout the year which is limiting the upside potential for the co.

Abercrombie (ANF Quote) target lowered at Goldman to $25 from $27 after reporting a comp sales decline of 32%. The co. is expected to suffer from macro pressures and a negative product cycle. Maintained Neutral rating.