NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Applied Materials (AMAT) downgraded at Piper from Overweight to Neutral. $14 price target. Company is not performing well in the thin-film solar market.
Auxilium Pharma (AUXL) downgraded at Oppenheimer from Outperform to Perform. Xiaflex launch could remain slow for a while.
Catalyst Health Solutions (CHSI) upgraded at Barclays to Overweight from Equal Weight on valuation and renewal of their largest customer Wellmark. Maintain $46 price target.Campbell Soup (CPB) rated new Hold at Keybanc. Company will struggle to generate long-term sales growth. CARBO Ceramics (CRR) upgraded at Barclays to Equal Weight from Underweight. Capacity growth should return in late 2010. Price target jumped to $73 from $61. Exterran Holdings (EXH) downgraded at Barclays to Equal Weight from Overweight as demand for compression services globally appears to have bottomed. Maintain $28 price target. Family Dollar Stores (FDO) upgraded at Citi to Buy from Hold to reflect constructive view on the dollar store industry. Price target jumped to $47 from $44. First Industrial Reality Trust (FR) upgraded at Credit Suisse to Outperform from Neutral. FR is an inexpensive take on a commercial real estate recovery. Price target trimmed to $6 from $8. FMC Technologies (FTI) upgraded at Barclays to Overweight from Equal Weight. Bullish on FMC's leading market share in subsea equipment. Price target raised to $66 from $64. Halliburton (HAL) upgraded at Barclays to Overweight from Equal Weight. Increased pressure pumping utilization and pricing should drive stronger results. Price target jumped to $35 from $28. Pride International (PDE) upgraded at Barclays to Overweight from Equal Weight. Strong contract coverage and limited exposure to the Gulf of Mexico. Price target tweaked to $33 from $34. Progressive (PGR) upgraded at Citi to Buy from Hold. Recent pullback creates buying opportunity. Price target increased to $22 from $21. Patterson-UTI Energy (PTEN) upgraded at Barclays to Equal Weight from Underweight as land drilling and pressure pumping should benefit from stronger-than-expected U.S. land activity in 2Q. Price target raised by a dollar to $15.
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