CHANGE IN RATINGS

Apple

(AAPL) - Get Report

rated new Buy at Kaufman. Believes there is still room for sizable growth in its Mac and iPhone businesses. Sets $120 target price.

BT Group

(BT)

downgraded to Neutral at Merrill Lynch and price target reduced to 140p from 190p.

Blackstone Group

(BX) - Get Report

coverage initiated at Goldman Sachs with a Neutral rating based on deteriorating private equity and real estate portfolio valuations, slowing allocations to alternatives and rising hedge fund redemptions. Highly depressed valuation implies little to no future carried interest potential. Price target at $7.

Campbell Soup

(CPB) - Get Report

downgraded to Neutral from Buy at Merrill Lynch and price target lowered from $42 to $35. Goldman said it is reducing its target on Campbell to $37 from $38 following weaker-than-expected Q1 results. Maintained Neutral rating.

Computer Sciences

(CSC)

coverage initiated at Morgan Stanley with an Equal-Weight rating. Note stable government segment, low expectations and attractive valuation, but see difficulties in repositioning outsourcing and solutions businesses in more competitive environment.

Federated Investors

(FII) - Get Report

downgraded at J.P. Morgan to Neutral from Overweight due to potential zero-rate policy by

Federal Reserve

. See potential for limited meaningful fee waivers if the fed funds rate is lowered to zero, negating the defensive characteristics of the stock. Price target lowered to $22 from $28.

Kroger

(KR) - Get Report

added to Goldman's Conviction Buy List based on solid competitive position in economic downturn. Believe company can gain market share as consumer spending remains weak. Also note limited exposure to California and Florida. Price target at $31.

Legg Mason

(LM) - Get Report

downgraded at Friedman Billings to Underperform from Market Perform. Cites concerns over SIV exposure and asset values remain under pressure. Lowered target to $11 from $18.

TreeHouse Foods

(THS) - Get Report

downgraded at Credit Suisse to Neutral from Outperform based on valuation and falling volumes in pickle business. Maintained $30 target price.

Zimmer Holdings

(ZMH)

downgraded at Morgan Stanley to Equal-Weight from Overweight due to earnings risk and market share loss. See potential for further surgeon defections and note decision to pull back on R&D in peripheral businesses, delaying new product launches. Removed $78 price target.

STOCK COMMENTS / EPS CHANGES

Genuine Parts

(GPC) - Get Report

price target lowered at Goldman to $42 from $48 due to deteriorating macroeconomic conditions. Expect recent strong performance to fade as price inflation stalls and energy-oriented customers slow orders. Maintained Neutral rating.

Hewlett-Packard

(HPQ) - Get Report

target raised at Goldman to $43 from $38 based on expected market share gains and strong earnings results driven by cost cutting. Shares are a top pick in deteriorating environment for IT spending. Maintained Buy rating.

This article was written by a staff member of TheStreet.com.