Analysts' Actions: JCP, BRCM, AAPL, P, BA

MetLife (MET) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company is focused on generating global growth.

Medicis (MRX) downgraded at Canaccord from Buy to Hold, Canaccord Genuity said. $36 price target. Company lacks near-term catalysts.

M&T Bank (MTB) downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $80 price target. Estimates also cut, because of higher expenses.

Oracle (ORCL) downgraded at BMO from Outperform to Market Perform, BMO Capital Markets said. $30 price target. Overall software spending, especially for larger middleware projects, slowed in the second half of November.

Pandora (P) rated new Buy at Needham. $13 price target. Company is leveraged to multiple secular growth trends.

Principal Financial (PFG) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Company lacks near-term catalysts.

PVH (PVH) rated new Buy at Sterne Agee. $85 price target. Company offers growth at an attractive price.

Ralph Lauren (RL) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $190 price target. Company also placed on the Conviction list. Company can gain market share and appears to be at an inflection point for margins and earnings.

Stancorp Financial (SFG) downgraded at Sterne Agee from Neutral to Underperform, Sterne Agee said. Valuation call, based on a $37 price target.

TJX Companies (TJX) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Company was also removed from the Conviction Buy list. Valuation call, based on a $72 price target.

Timken (TKR) upgraded at Keybanc from Hold to Buy, Keybanc said. $53 price target. New analyst believes that the company will continue to outperform its peers over the coming quarters.

Unum Group (UNM) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Company has a cautious outlook and will likely buy back less stock.

Valley National (VLY) downgraded at Guggenheim from Buy to Neutral, Guggenheim said. Company has highest relative earnings risk among its peers.

STOCK COMMENTS / EPS CHANGES

Apple (AAPL) estimates, target increased at Goldman through 2012, Goldman Sachs said. Company appears to be selling more iPhones. Buy rating and new $550 price target.

Apache (APA) estimates raised at Oppenheimer through 2012, Oppenheimer said. Estimates update based on oil & gas futures price changes. Outperform rating.

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