Qualcomm: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Alliant Techsystems (ATK) rated new Neutral at Suntrust. ATK was initiated with a Neutral rating. Company faces uncertainty in its NASA programs.

Best Buy (BBY) downgraded at FBR from Market Perform to Underperform. $36 price target. Company faces difficult comparisons and will ultimately face decelerating sales growth.

Calpine (CPN) upgraded at Argus from Hold to Buy. Company is on track to produce a strong recovery in earnings and cash flow over the next several years.

Genzyme (GENZ) upgraded at Leerink to Outperform. Concerns about a consent decree have been overblown.

Lululemon (LULU) downgraded at BofA/Merrill to Neutral from Buy as growth is already priced into shares. Price target increased to $43 from $38.

Motorola (MOT) initiated at JP Morgan with an Underweight rating and $6 price target. Introduces 2010 EPS estimates of $0.20.

Palm (PALM) upgraded at BMO from Underperform to Market Perform. $4 price target. Stock is already pricing in a challenging operating environment.

Progressive (PGR) upgraded at FBR from Market Perform to Outperform. $23 price target. Company is gaining market share.

Qualcomm (QCOM) downgraded at Calyon from Outperform to Underperform. $44 price target.

Research in Motion (RIMM) upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $84 from $70. 2010 EPS estimates raised to $5.25 from $4.92.

Rue21 (RUE) initiated at Barclays with an Overweight rating and $42 price target. 2010 and 2011 EPS estimates set at $1.20 and $1.50, respectively.

GT Solar (SOLR) upgraded at Credit Suisse to Outperform from Neutral on revised demand estimates. Price target increased to $7.50 from $6. 2010 and 2011 EPS estimates jumped to 60 cents and 57 cents, respectively.

Stanley Black & Decker (SWK) initiated at Credit Suisse with an Outperform rating and $69 price target. Analysts noted upside from Black & Decker Acquisition and attractive valuation. 2010 and 2011 EPS estimates set at $0.21 and $4, respectively.

Symetra Financial (SYA) rated new Neutral at UBS. $14 price target. Company can deliver double-digit earnings growth.

STOCK COMMENTS / EPS CHANGES

Apple (AAPL) target, estimates boosted at Credit Suisse. AAPL price target surged to $300 from $275 as the company is running well ahead of expectations. 2010 and 2011 EPS estimates lifted to $12.53 and $14.55, respectively. Maintain Outperform rating.