Apple: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

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

Anadarko Petroleum (APC) 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) 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) upgraded at Morgan Stanley from Underweight to Equal-weight. $75 price target. BJS acquisition should help drive growth.

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

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

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

Urban Outfitters (URBN) 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) 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.