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NEW YORK (
CHANGE IN RATINGSAegion(AEGN) downgraded to hold at TheStreet Ratings.
AEP Industries(AEPI) upgraded to buy at TheStreet Ratings.
AK Steel(AKS) downgraded at UBS to Neutral from Buy, UBS said. $5 price target. Guided 2Q volumes continue to underwhelm.
Celestica(CLS) downgraded at Argus from Buy to Hold, Argus said. Could take the company a year to bounce back from the loss of RIMM's sales.
Expedia(EXPE) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. Valuation call, based on a $53 price target.
Healthcare Services(HCSG) upgraded at Stifel from Hold to Buy, Stifel Nicolaus said. $21 price target. Selloff has created an attractive buying opportunity.
Kennametal(KMT) upgraded at BofA/Merrill from Underperform to Neutral, Bank of America/Merrill Lynch said. $36 price target. Valuation call, as the stock has sold off 25% since earnings.
Timken(TKR) downgraded at BofA/Merrill to Neutral from Buy, Bank of America/Merrill Lynch said. Company is facing near-term growth concerns. $50 price target.
TripAdvisor(TRIP) rated new Neutral at Citigroup. $46 price target. Travel media leader, but fairly valued.
Valero Energy(VLO) upgraded at UBS to Buy from Neutral, UBS said. $26 price target. Shares offer an attractive risk/reward profile.
STOCK COMMENTS / EPS CHANGES
Allison Transmission(ALSN) numbers reduced at Credit Suisse. Shares of ALSN now seen reaching $24, according to Credit Suisse. Estimates also cut, given macro uncertainty. Neutral rating.
Actuant(ATU) numbers lowered at Jefferies. Shares of ATU now seen reaching $33, Jefferies said. Estimates also lowered on weaker Europe. Buy rating.
Barnes Group(B) numbers lowered at Jefferies. Shares of B now seen reaching $23, Jefferies said. Estimates also lowered on weaker Europe. Hold rating.
Baxter(BAX) added to Conviction Buy List at Goldman. The stock is down 16% since April, even though the company has a solid product cycle. $64 price target.
Carnival(CCL - Get Report) numbers raised at UBS. Shares of CCL now seen reaching $39, UBS said. Estimates also increased on more attractive fuel costs. Buy rating.
Celestica(CLS) added to Focus List at Canaccord Genuity. Winding down RIMM business will not have a sizable impact on profitability. Buy rating and new $10.25 price target.
Cummins(CMI) estimates, target reduced at Credit Suisse through 2014, Credit Suisse said. Company is leveraged to slower macro growth. Outperform rating and new $136 price target.