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NEW YORK (
CHANGE IN RATINGSApple(AAPL - Get Report) rated new Neutral at Nomura. $710 price target. Growth could decelerate by 2014.
Allot Communications(ALLT) upgraded at Jefferies to Buy from Hold, Jefferies said. $30 price target. Verizon will soon begin ramping.
Aruba Networks(ARUN) upgraded to hold at TheStreet Ratings.
HomeAway(AWAY) upgraded to hold at TheStreet Ratings.
Cardinal Health(CAH) upgraded at ISI from Market Weight to Overweight, ISI Group said. $46 price target. Stock is already factoring in pricing fears with WAG and CVS.
Caterpillar(CAT - Get Report) rated new Neutral at Piper. $90 price target. Mining segment is a long term strength, but an overhang in 2013.
Cymer(CYMI) rated new Outperform at CLSA. $60 price target. Leading stepper light source supplier.
Dell(DELL) rated new Sell at Citigroup. $8.50 price target. BYOD trends should pressure shares.
DirecTV(DTV) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $58 price target. Company will likely buy back fewer shares in the coming quarters.
Edison International(EIX) downgraded at Jefferies to Hold from Buy, Jefferies said. $51 price target. Valuation call.
Evercore Partners(EVR) rated new Neutral at UBS. $28 price target. Dilution risk could limit support the yield provides to the stock.
Greenhill(GHL) rated new Neutral at UBS. $52 price target. Premium valuations restored, further upside seems limited.
Hewlett-Packard(HPQ - Get Report) rated new Sell at Citigroup. $13.50 price target. Needs clear strategic direction and leadership.
IBM(IBM - Get Report) rated new Buy at Citigroup. $250 price target. One of the most compelling long term investments in tech.
Johnson & Johnson(JNJ) downgraded at Goldman from Neutral to Sell, Goldman Sachs said. Valuation call, based on a $72 price target.
Lazard(LAZ) rated new Sell at UBS. $25 price target. Solid mature business, but valuation and expectations stretched.
Eli Lilly(LLY) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $54 price target. Sola could reach the market in 3 to 4 years.
Netflix(NFLX) downgraded at BofA/Merrill from Buy to Underperform, Bank of America/Merrill Lynch said. $72 price target. Valuation call, as the stock is up 31% over the past two weeks.