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NEW YORK (
CHANGE IN RATINGSAssociated Banc(ASBC) downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. Valuation call, based on a $13 price target.
CR Bard(BCR) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $98 price target. End-market demand is stabilizing.
Baker Hughes(BHI) numbers cut at Goldman. Shares of BHI now seen reaching $54, according to Goldman Sachs. Estimates also reduced, given the company's new guidance. Neutral rating.
Breeze-Eastern(BZC) upgraded to buy at TheStreet Ratings.
CVB Financial(CVBF) downgraded at Wunderlich from Buy to Hold, Wunderlich said. $12 price target. Valuation call, as the stock is up about 60% since October.
Deer Consumer Products(DEER)downgraded to hold at TheStreet Ratings.
Education Management(EDMC) upgraded at Morgan Stanley from Underweight to Equal-weight, Morgan Stanley said. $15 price target. Valuation call, as the stock is down 42% year-to-date.
Emerson Electric(EMR) upgraded at Nomura to Buy, Nomura said. $64 price target. Issues with Network Power business have been exaggerated.
First Horizon(FHN) downgraded at Morgan Stanley from Overweight to Equal-weight, Morgan Stanley said. $11 price target. Rise in treasury yields does not justify higher industry valuation.
First Republic(FRC) upgraded at Morgan Stanley from Equal-weight to Overweight, Morgan Stanley said. $36 price target.
Annaly Capital(NLY) downgraded at Sterne Agee from Neutral to Underperform, Sterne Agee said. $13.50 price target. Dividend and book value are facing increased risks.
PVH(PVH) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $100 price target. Company can continue to deliver consistent growth, despite near-term challenges.
Rackspace(RAX) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Valuation call, based on a $57 price target.
Western Digital(WDC) upgraded at Needham from Buy to Strong Buy, Needham said. $66 price target. HGST purchase should help drive record profitability.
Exxon Mobil(XOM - Get Report) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. Valuation call, based on a $92 price target.
STOCK COMMENTS / EPS CHANGES
Actuant(ATU - Get Report) numbers raised at Jefferies. Shares of ATU now seen reaching $34, Jefferies said. Estimates also raised on favorable sales and margin trends. Buy rating.
Actuant estimates, target raised at BMO. Shares of ATU now seen reaching $35, according to BMO Capital. Estimates also increased, as the company is realizing higher margins. Outperform rating.
Actuant estimates, target raised at UBS. Shares of ATU now seen reaching $33, according to UBS. Estimates also increased as 2Q12 saw growing momentum. Buy rating.