Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK ( TheStreet) -- CHANGE IN RATINGS
AK Steel (AKS) upgraded at Dahlman Rose from Hold to Buy. $22 price target. Company is seeing higher volumes and is keeping a tight lid on costs.
Emerson Electric (EMR) upgraded at Oppenheimer from Perform to Outperform, Oppenheimer said. $74 price target. Company continues to grow its business in the emerging markets.First Solar (FSLR) upgraded at Kaufman from Hold to Buy, Kaufman Bros. said. $165 price target. Stock is down 25% from January highs and the company will likely emerge as a clear winner in the solar industry. Federal Signal (FSS) downgraded at BMO from Outperform to Market Perform, BMO Capital said. Valuation call, based on a $7 price target. Graphic Packaging (GPK) rated new Buy at Goldman. $6.25 price target. Company is operating in a favorable price environment and is keeping a lid on its costs. Graham Packaging (GRM) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. $24 price target. Valuation call, as the stock is up 38% over the past two weeks. Helix Energy (HLX) downgraded at Morgan Stanley to Equal-weight, Morgan Stanley said. $18 price target. Valuation call, as the stock is up 50% over the past three months. Hospira (HSP) downgraded at Citi to Sell from Hold. Solid 1Q11 upside and new $1 billion buyback program, Citigroup noted. Price target increased to $54 from $52. Jacobs Engineering (JEC) upgraded at BMO from Market Perform to Outperform, BMO Capital said. $60 price target. Company is seeing better demand from key end markets. Lorillard (LO) upgraded at Citi to Buy from Hold on strong 1Q11 results, improving fundamentals, Citigroup said. Price target jumps to $122 from $90.
Lexmark (LXK) downgraded at Citi to Hold from Buy. Growth/margin trade-off yielding no EPS growth, Citigroup said. Price target cut to $36 from $55. Lexmark (LXK) downgraded at Brean from Buy to Hold, Brean Murray said. Company is facing new sales and margin headwinds. Nokia (NOK) rated new Hold at ThinkEquity. $8 price target. Company faces a long transition from its legacy Symbian products.
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