Halliburton (HAL) reinstated at BofA/Merrill with a Buy rating and $43 price target. Bank of America/Merrill Lynch noted growing international demand.
Itron (ITRI) upgraded at Needham from Hold to Buy. $69 price target. Company is positioned well to grow in 2010.
Itron (ITRI) price target cut at BofA/Merrill. ITRI price target lowered to $75 from $80. Estimates reduced through 2012. Maintain Buy rating.
National Oilwell Varco (NOV) reinstated at BofA/Merrill with a Buy rating and $51 price target. Bank of America/Merrill Lynch noted a recovery in the services business.NetApp (NTAP) estimates, target increased at Goldman. Shares of NTAP now seen reaching $38. Estimates also boosted, as the company is seeing higher sales. Neutral rating. Nucor (NUE) upgraded at BofA/Merrill to Neutral from Underperform on valuation and higher steel prices. Price target jumped to $50, 2010 EPS estimate improved to $2. Protective Life (PL) downgraded at Sterne Agee from Buy to Neutral. $21 price target. Core Life Marketing segment remains under pressure. VMWare (VMW) rated new Buy at UBS. $54 price target. Company should benefit from reinvestment in datacenter projects. Watsco (WSO - Get Report) downgraded at Keybanc from Buy to Hold. Valuation call. Watsco (WSO - Get Report) estimates, target upped at Morgan Stanley. WSO estimates were increased through 2011. Company continues to grow its margins. Overweight rating and new $65 price target.