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Airgas(ARG) was downgraded at Bank of America/Merrill Lynch to underperform from neutral. $94 price target. Organic sales growth is decelerating, BofA/Merrill said.
Research In Motion(BBRY - Get Report) was downgraded at Goldman Sachs to neutral from buy. $17 price target. Z10 launch was soft at
AT&T(T), Goldman said.
Check Point(CHKP - Get Report) was downgraded at Lazard Capital Markets to neutral from buy. Channel checks suggest increased share losses to
Palo Alto Networks(PANW), Lazard Capital Markets said.
CIT Group(CIT - Get Report) was downgraded at Compass Point to neutral from buy. Valuation call, Compass Point said.
Ducommun(DCO) was upgraded to hold at TheStreet Ratings.
JC Penney(JCP - Get Report) was downgraded at BMO Capital Markets to underperform from market perform. $12 price target. Company will continue to post sizable losses, BMO Capital Markets said.
KB Home(KBH) was upgraded at Williams Financial to hold from sell. $22 price target. Business turnaround appears to be in sight, Williams Financial said.
Lear(LEA) was cut from the Conviction Buy List at Goldman Sachs. Company lacks near-term catalysts, Goldman said. $63 price target.
Life Technologies(LIFE) was downgraded at Citigroup to neutral. Recent price movement has been dictated by takeout speculation rather than fundamentals, Citi said. Price target is $67.
MeadWestvaco(MWV) was downgraded to hold at Deutsche Bank based on valuation concerns. The price target is still $37, Deutsche Bank said.
Mylan(MYL) was downgraded at Bernstein to market perform from outperform. $33 price target. Company lacks near-term catalysts, Bernstein said.
Packaging Corp. of America(PKG) was downgraded at Deutsche Bank to hold after cardboard and box prices were increased. Price target is now $46.
Sigma-Aldrich(SIAL) was downgraded at Bank of America/Merrill Lynch to underperform. $78 price target. Valuation call, based on a $78 price target, BofA/Merrill said.
SPX(SPW) was downgraded to hold at Deutsche Bank. Limited upside, Deutsche said. The price target is now $90.
Stone Energy(SGY) was upgraded to buy at TheStreet Ratings.
Textron(TXT) was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock has already made a big move in recent months J.P. Morgan said.
Veeco Instruments(VECO) was upgraded at Canaccord Genuity to buy. $48 price target. Equipment market has finally bottomed, Canaccord Genuity said.