Analysts' Actions: ORCL, KLAC, BRCM
NEW YORK (
) --
CHANGE IN RATINGS
Anadarko Petroleum
(APC) - Get Report
downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $83 price target. Tronox litigation will likely hang over the stock.
AOL
(AOL)
upgraded to hold at TheStreet Ratings.
Broadcom
(BRCM)
upgraded at Auriga from Hold to Buy, Auriga said. $44 price target. Newer WiFi products should help drive near-term growth.
CSX
(CSX) - Get Report
downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Earnings will be hurt by lower coal volume.
Itron
(ITRI) - Get Report
downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse. Valuation call, based on a $50 price target.
KLA-Tencor
(KLAC) - Get Report
downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Stock is already pricing in higher expected spending in the first half of 2012.
Life Technologies
(LIFE) - Get Report
upgraded at Citigroup from Neutral to Buy, Citigroup said. $56 price target. Friday's drop creates positive risk reward.
Lam Research
(LRCX) - Get Report
downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call, as the company is already pricing in higher near-term demand.
Allscripts
(MDRX) - Get Report
downgraded at Leerink from Outperform to Market Perform, Leerink Swann said. Company will struggle to sustain recent bookings growth.
Norfolk Southern
(NSC) - Get Report
downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Company is leveraged to lower coal demand.
Oracle
(ORCL) - Get Report
downgraded at JMP from Outperform to Market Perform, JMP Securities said. Estimates also cut, as the company may struggle to grow in a cloud computing environment.
Pentair
(PNR) - Get Report
added to TPL List at Citigroup to Top Picks Live! at Citigroup. $45 price target. Resi is the new late cycle sentiment.
Unum
(UNM) - Get Report
upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. Pricing trends are improving and the company may buy back more stock.
Web.com Group
(WWWW)
upgraded to hold at TheStreet Ratings.
STOCK COMMENTS / EPS CHANGES
Amerigroup
( AGP) numbers raised at Oppenheimer. Shares of AGP now seen reaching $85, according to Oppenheimer. Estimates also increased on solid 4Q results. Outperform rating.
Cree
(CREE) - Get Report
estimates, target increased at Sterne Agee. CREE estimates were raised through 2013, Sterne Agee said. Company is seeing higher sales and better operating leverage. Buy rating and new $40 price target.
Dell
(DELL) - Get Report
numbers raised at UBS.Shares of DELL now seen reaching $22, according to UBS. Estimates also increased on improving gross margins. Buy rating.
EOG Resources
(EOG) - Get Report
numbers raised at Jefferies. Shares of EOG now seen reaching $131, according to Jefferies. Estimates also increased on substantial upside from its existing shale plays. Buy rating.
General Mills
(GIS) - Get Report
estimates lowered at UBS through 2013 on recent volume weakness, UBS said. Maintain Neutral rating and $39 price target.
H.J. Heinz
(HNZ)
price target raised at Jefferies to $60, Jefferies said. Earnings report made the company look strong compared to underwhelming peers. Buy rating.
Hewlett-Packard
(HPQ) - Get Report
price target raised at UBS to $30 on modest multiple normalization, UBS said. Maintain Neutral rating.
Kennametal
(KMT) - Get Report
estimates, target boosted at Credit Suisse. Shares of KMT now seen reaching $50, according to Credit Suisse. Estimates also upped, given higher orders. Outperform rating.
Molycorp
(MCP)
estimates, target cut at Morgan Stanley. Shares of MCP now seen reaching $81, according to Morgan Stanley. Estimates also reduced, giving falling REO prices. Overweight rating.
Noble Energy
(NBL) - Get Report
estimates lowered at Oppenheimer through 2012. Production growth slightly lower than prior guidance.
Oceaneering International
(OII) - Get Report
numbers raised at Credit Suisse. Shares of OII now seen reaching $54, according to Credit Suisse. Esitmates also increased, given higher international growth. Neutral rating.
Royal Dutch Shell
( RDS) price target raised at Oppenheimer to $85, Oppenheimer said. Improving industry and company outlooks. Outperform rating.
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This article was written by a staff member of TheStreet.
