NEW YORK (TheStreet) -- CHANGE IN RATINGS

CIT Group

(CIT) - Get Report

was upgraded at Oppenheimer to outperform from perform. $54 price target. Stock has lagged its peers and tangible book value is likely understated, Oppenheimer said.

ConocoPhillips

(COP) - Get Report

was initiated with a hold rating at Cowen. Company is growing but may need to increase borrowing, Cowen said.

Discover

(DFS) - Get Report

was downgraded at Jefferies to hold. Valuation call, based on a $49 price target, Jefferies said.

eBay

(EBAY) - Get Report

was upgraded at Wells Fargo to outperform from market perform. Expect Marketplaces and PayPal to drive growth, Wells Fargo said.

Edwards Lifesciences

(EW) - Get Report

was downgraded at Lazard Capital Markets to neutral from buy. Company lacks visibility and will post lower earnings growth, Lazard Capital Markets said.

Also see: 5 Reasons Apple's Stock Is in Secular Decline >>

ExactTarget

(ET) - Get Report

was initiated with a sell rating at TheStreet Ratings.

GNC

(GNC) - Get Report

was initiated with an outperform rating at Robert Baird. $52 price target. Company is a market leader with secular headwinds, Robert Baird said.

Ironwood Pharmaceutical

(IRWD) - Get Report

was downgraded at Wedbush to underperform from neutral. Cash burn is occurring much faster than expected given high R&D expenses, Wedbush said. Price target is $12.

National Fuel Gas

(NFG) - Get Report

was upgraded at BMO Capital Markets to outperform from market perform. The company will benefit from improving natural gas prices and improving well results, BMO Capital said. Price target is $70.

Navios Maritime

(NMM) - Get Report

was upgraded to buy at TheStreet Ratings.

Netflix

(NFLX) - Get Report

was downgraded at Jefferies to underperform. Valuation call, based on a $130 price target, Jefferies said.

Also see: EMC Misses on the Top and Bottom Lines; Shares Slip >>

Ryder Systems

(R) - Get Report

was upgraded at Wells Fargo to outperform from market perform. Cyclical lease replacements will drive the top line as dissipating maintenance headwinds drive margins, Wells Fargo said. Price target range is $62-$64.

AT&T

(T) - Get Report

was downgraded at Morgan Stanley to equal-weight. Valuation call, as the stock is up 16% year to date, Morgan Stanley said. $39 price target.

AT&T was downgraded at Citigroup to neutral. Further multiple expansion will be difficult with slowing top-line growth, said Citigroup.

STOCK COMMENTS/EPS CHANGES

Apple

(AAPL) - Get Report

estimates, price target were cut at Lazard Capital Markets. Estimates were also reduced, given the company's new guidance, Lazard Capital Markets said. Buy rating.

Apple price target and estimates were reduced at Citigroup. Lower guidance. Mix will impact margins, China is a concern and the delay of the introduction of the next iPhone is disappointing, Citi said. Price target is $430.

Amgen

(AMGN) - Get Report

estimates were increased at UBS on improving operating expenses, despite the weak first quarter results, said UBS.

Coach

(COH)

price target and estimates were increased at UBS. High-quality beat in the fiscal third quarter, UBS said. Gross profit was better than expected. Price target goes to $59.

Also see: You Can Buy a Home After Foreclosure >>

Cree

(CREE) - Get Report

estimates were reduced at UBS. Reflected leveling-out of gross margins.

DuPont

(DD) - Get Report

estimates were increased at UBS. Estimates for 2013 were increased to reflect the net impact of share count and other minor changes after reporting an in-line first quarter, said UBS.

Discover Financial Services

(DFS) - Get Report

price target and estimates were increased at Citigroup given the first-quarter beat. Fundamentals in Discover's card business remain strong, and card loan growth remains above the sector's, Citi said. Price target is $48.

Edwards

(EW) - Get Report

price target and estimates were reduced at UBS. Estimates reduced through 2015 after the U.S. TAVI miss and guidance cut, said UBS. Price target goes to $64.

Gannett

(GCI) - Get Report

estimates were reduced at UBS through 2014. Slowdown in circulation revenue, said UBS.

Juniper Networks

(JNPR) - Get Report

price target and estimates were reduced at Citigroup. Carrier spending strength is being offset by continued enterprise security challenges, Citi said. Price target is $24.

Molex

(MOLX)

estimates were reduced at UBS through 2014. Demand uncertainty and the risk related to Molex's exposure to Apple, said UBS.

Norfolk Southern

(NSC) - Get Report

price target and estimates were increased at UBS through 2014. First-quarter beat, said UBS. Price target goes to $78.

PACCAR

(PCAR) - Get Report

price target and estimates were reduced at UBS through 2014. The company lowered its forecast for Europe industry sales, said UBS. Price target goes to $47.

VMware

(VMW) - Get Report

price target was cut at Citigroup to $73 to reflect lower confidence in license growth, said Citigroup.

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This article was written by a staff member of TheStreet.