Apple: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Apple(AAPL Quote) rated new Outperform at William Blair. Company should continue to increase shareholder value.

Anadarko Petroleum (APC Quote) upgraded to Outperform at Friedman, Billings Ramsey. $60 price target. Company has many catalysts, including subsalt prospects in the Gulf of Mexico.

Franklin Resources (BEN Quote) upgraded at Keefe, Bruyette & Woods from Market Perform to Outperform. Has a more upbeat look on the company, following a meeting with the CEO. $110 price target.

Baker Hughes (BHI Quote) upgraded at Morgan Stanley from Underweight to Equal-weight. $75 price target. BJS acquisition should help drive growth.

Deere (DE Quote) downgraded at JP Morgan from Neutral to Underweight. $42 price target. Fundamentals are deteriorating in US agriculture, where the company is facing difficult comparisons.

Danaher (DHR Quote) estimates, target boosted at Goldman. Shares now seen reaching $76. Estimates also increased, to reflect two recent acquisitions. Buy rating.

Danaher (DHR Quote) upgraded from Market Perform to Outperform at Friedman, Billings Ramsey. $71 price target. Recent acquisitions should help drive the company toward higher growth markets.

Hovnanian (HOV Quote) downgraded at Credit Suisse from Neutral to Underperform. Estimates also cut, to reflect higher write-downs and operating losses.

Rackspace (RAX Quote) rated new Buy at ThinkEquity. $18 price target. Company is a superior play on cloud computing.

Urban Outfitters (URBN Quote) upgraded at Suntrust from Neutral to Buy. $33 price target. Few other companies in the industry can drive the same level of sales, square-footage and margin growth.

STOCK COMMENTS / EPS CHANGES

Brown-Forman (BF.B Quote) numbers raised at Goldman. Estimates were boosted through 2012. Company is cutting operating expenses and seeing fewer currency losses. Sell rating and new $48 price target.