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Potash: Analysts' Upgrades, Downgrades

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Apple (AAPL - Get Report) coverage assumed at JMP Securities with an Outperform rating.

ABB Ltd (ABB) downgraded at Deutsche to Hold from Buy.

AnnTaylor (ANN) initiated at MKM Partners with a Buy rating and $21 price target. Company is a classic retail turnaround story.

Babcock & Wilcox (BWC) initiated at KeyBanc with a Buy rating and $28 price target. Long-term E&C play on the power sector and one of the few E&C companies that owns and develops its own proprietary technologies.

CIT Group (CIT - Get Report) initiated at Barclays with an Overweight rating and $46 price target. CIT has one of the cleanest book values of any publicly traded finance company, Barclays said.

Cree (CREE - Get Report) resumed at Kaufman Bros with a Hold rating and $58 price target. Technology leader in their space and a pure-play on the growth in the LED market.

Koppers Holdings (KOP - Get Report) resumed at KeyBanc with a Buy rating and $28 price target. Solid earnings growth, entrenched market position, and a healthy balance sheet.

Potash (POT - Get Report) downgraded at BMO Capital to Market Perform from Outperform.

Saks (SKS) downgraded at JP Morgan to Neutral from Overweight.

Stereotaxis (STXS) initiated at Madison Williams with a Buy rating.

Teekay Offshore Partners (TOO) upgraded at Citi to Buy from Hold as shuttle tankers gain steam and acquisitions offered. Price target surged to $26 from $15.

Vecco Instruments (VECO) initiated at Kaufman with a Buy rating and $56 price target. Metrology sale and strong rev growth in 2010 and 2011 both positive for earnings, Kaufman said.

STOCK COMMENTS / EPS CHANGES

Constellation Energy (CEG) price target trimmed at Citi by a dollar to $33 due to lower fossil fuel power hedges and conversely higher hedged coal prices. Reiterate Hold rating.

Dollar General (DG - Get Report) estimates boosted at Citi. DG 2011 and 2012 EPS estimates increased to $1.74 and $2.08, respectively. Strong 2Q10 results driven by operating margin improvement. Maintain Buy rating.

Dollar General (DG - Get Report) estimate raised at Barclays. DG 2010 EPS estimate increased 4 cents to $1.79, 2011 held at $2.22. DG is improving its merchandise offering, boosting its gross margin, and controlling expenses. Reiterate Overweight rating.

FormFactor (FORM - Get Report) target, estimates cut at Citi. FORM price target dropped to $15 from $18 as 3Q10 results came up short of expectations. 2010 and 2011 EPS estimates lowered to -$2.28 and -$0.51, respectively. Maintain Buy rating.

O'Reilly Automotive (ORLY) 2010 estimate lifted at Barclays by a penny to $2.86. O'Reilly's sales outlook remains quite favorable and this should continue for an extended period. Maintain Overweight rating.

Winn-Dixie Stores (WINN) price target cut at Barclays. WINN price target sunk to $8 from $14 on disappointing 4Q10 results. Maintain Overweight rating.

This article was written by a staff member of TheStreet.

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SYM TRADE IT LAST %CHG
AAPL $128.46 0.00%
CREE $39.26 0.00%
CIT $46.25 0.00%
DG $72.62 0.00%
FORM $9.82 0.00%

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S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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