Apple: Analysts' Upgrades, Downgrades

See who made what calls.

Author:: TSC Staff
Publish date:: Sep 3, 2009 9:33 AM EDT

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Apple (AAPL) - Get Report rated new Outperform at William Blair. Company should continue to increase shareholder value.

Anadarko Petroleum

(APC) - Get Report

upgraded to Outperform at Friedman, Billings Ramsey. $60 price target. Company has many catalysts, including subsalt prospects in the Gulf of Mexico.

Franklin Resources

(BEN) - Get Report

upgraded at Keefe, Bruyette & Woods from Market Perform to Outperform. Has a more upbeat look on the company, following a meeting with the CEO. $110 price target.

Baker Hughes

(BHI)

upgraded at Morgan Stanley from Underweight to Equal-weight. $75 price target. BJS acquisition should help drive growth.

Deere

(DE) - Get Report

downgraded at JP Morgan from Neutral to Underweight. $42 price target. Fundamentals are deteriorating in US agriculture, where the company is facing difficult comparisons.

Danaher

(DHR) - Get Report

estimates, target boosted at Goldman. Shares now seen reaching $76. Estimates also increased, to reflect two recent acquisitions. Buy rating.

Danaher

(DHR) - Get Report

upgraded from Market Perform to Outperform at Friedman, Billings Ramsey. $71 price target. Recent acquisitions should help drive the company toward higher growth markets.

Hovnanian

(HOV) - Get Report

downgraded at Credit Suisse from Neutral to Underperform. Estimates also cut, to reflect higher write-downs and operating losses.

Rackspace

(RAX)

rated new Buy at ThinkEquity. $18 price target. Company is a superior play on cloud computing.

Urban Outfitters

(URBN) - Get Report

upgraded at Suntrust from Neutral to Buy. $33 price target. Few other companies in the industry can drive the same level of sales, square-footage and margin growth.

STOCK COMMENTS / EPS CHANGES

Brown-Forman

(BF.B)

numbers raised at Goldman. Estimates were boosted through 2012. Company is cutting operating expenses and seeing fewer currency losses. Sell rating and new $48 price target.

Carnival

(CCL) - Get Report

target raised at Credit Suisse to $34. Company continues to deliver volume growth, despite a difficult market. Outperform rating.

Cisco Systems

(CSCO) - Get Report

target raised at RBC to $27. Company is trying to take back market share. Outperform rating.

Freeport McMoran

(FCX) - Get Report

numbers raised at to $87 at Friedman, Billings Ramsey. Estimates also boosted, to reflect higher copper sales. Outperform rating.

Joy Global

( JOYG) numbers boosted at Barclays through 2010. Company is realizing higher margins, aided by cost control. Overweight rating and new $43 price target.

Silicon Labs

(SLAB) - Get Report

numbers boosted at Kaufman to $52. Estimates also raised, to reflect growth potential in the broadcast segment.

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