NEW YORK (
CHANGE IN RATINGS
upgraded at Benchmark from Hold to Buy. $25 price target. Sales reorganization could begin to pay off by the end of the year.
upgraded at Credit Suisse to Outperform from Neutral. Cycle downturn priced in, improving operations are not, Credit Suisse said. Price target set at $17.20.
downgraded at Citi to Sell from Hold as patient volumes are set to miss expectations. Maintain $6 price target.
downgraded at Janney to Sell. $8.50 price target. Las Vegas will likely take longer to recover.
upgraded at Stifel from Hold to Buy. $30 price target. Stock looks oversold on European fears.
downgraded at Janney to Neutral. $20 price target. Box office is down about 4% quarter-to-date.
First Quantum Minerals
downgraded at BofA/Merrill to Underperform from Buy following the Democratic Republic of Congo Supreme Court decision to annul the company's title rights for its Frontier mine and Lonshi deposit. Price target plunged to $70 from $128.
( GENZ) upgraded at JP Morgan. Rating raised to Neutral from Underweight. Price target raised to $50 from $40. Raises 2010 EPS estimates to $0.79 from $0.78.
( GET) downgraded at Janney to Neutral. $29 price target. Uncertainty continues to surround the cost of rebuilding Opryland.
Global Geophysical Services
initiated at Barclays with an Overweight rating and $19 price target. GGS is well positioned to benefit from the rebirth in exploration activity.
( GR) downgraded at Oppenheimer from Outperform to Perform. Recent data suggests that traffic may not recover as quickly as expected.
upgraded at Barclays to Equal Weight from Underweight on valuation. Maintain $22 price target.
downgraded at Goldman from Neutral to Sell. Valuation call.
Las Vegas Sands
upgraded at Janney to Buy. $30 price target. Macau and Singapore should continue to drive growth.
upgraded at Morgan Stanley from Equal-weight to Overweight. Valuation call, as the stock is down 10% over the past couple of weeks. $27 price target.
initiated at BofA/Merrill with a Buy rating and $15 price target. The company is in the early stages of a multi-year technology transition cycle.
downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Price target lowered to $36 from $39. Lowers 2010 EPS estimates to $1.27 from $1.35.
upgraded at Goldman from Sell to Neutral. Valuation call, ahead of an expected positive analyst meeting.
upgraded at KBW from Market Perform to Outperform. $24 price target. Valuation call, with the stock trading at just 7 times free cash flow.
downgraded at Janney to Neutral. $16 price target. Stock could be range-bound, given weaker second-quarter results.
initiated at Barclays with an Overweight rating and $27 price target. Seadrill will be a major beneficiary in the expansion in offshore deepwater drilling.
initiated at Citi with a Hold rating and $13 price target. The key for this middle market lender is ramping up attractive new investments.
downgraded at Oppenheimer from Outperform to Perform. Valuation call, as recent traffic data has been weaker.
Thomas & Betts
( TNB) upgraded at Wells to Outperform. Valuation call, as business is picking up in the architecture market.
upgraded at Stifel from Hold to Buy. $86 price target. Valuation call.
STOCK COMMENTS / EPS CHANGES
estimates, target raised at UBS. Shares of AAPL now seen reaching $320. Estimates also increased, given higher realized iPad sales. Buy rating.
price target boosted at Barclays. AAPL price target jumped to $320 from $315 on strong iPad sales. Apple announced it has sold over 2 million iPads units since its April 3 launch. Maintain Overweight rating.
Abercrombie & Fitch
target cut at Morgan Stanley. ANF target was reduced to $54. Company is facing higher operating costs. Overweight rating.
price target cut at BofA/Merrill. CELG price target lowered to $65 from $70 on EU factors. Maintain Buy rating.
cut from Conviction Buy List at Goldman. Oil spill could continue to weigh on the services group.
numbers lowered at UBS through 2011. Channel checks suggest that the second quarter is off to a slow start. Neutral rating and new $29 price target.
added to Conviction Buy List at Goldman. Valuation call, as the company should see positive well results in its oil plays.
upgraded at Keybanc from Hold to Buy. $260 price target. Pullback is already pricing in weakness in Europe.
Philip Morris Int'l.
numbers lowered at Morgan Stanley. Shares of PM now seen reaching $54. Estimates also cut, based on the stronger U.S. dollar. Overweight rating.
This article was written by a staff member of TheStreet.com.