Apple: Analysts' Upgrades, Downgrades

Apple estimates, target raised at UBS. iPad continues to see strong demand.
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NEW YORK (TheStreet) -- CHANGE IN RATINGS

Baxter

(BAX) - Get Report

downgraded at Citigroup from Hold to Sell. $41 price target. Consensus estimates appear high, as the company is facing several growth headwinds.

Ball

(BLL) - Get Report

downgraded at BofA/Merrill to Neutral from Buy on paper pricing. $62 price target.

BorgWarner

(BWA) - Get Report

downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Price target lowered to $45 from $49. Lowers 2010 EPS estimates to $2.68 from $2.70.

CF Industries

(CF) - Get Report

initiated at Barclays. CF coverage initiated with an Equal Weight rating and $105 price target. Strong fundamentals near term but longer-term issues with its small growth pipeline.

Costco

(COST) - Get Report

upgraded at Goldman from Neutral to Buy. $68 price target. Company is seeing better sales and accelerating unit growth, while keeping a lid on costs.

Commscope

(CTV) - Get Report

upgraded at UBS from Neutral to Buy. $28 price target. Estimates also boosted, given higher expected wireless spending in China.

Dick's Sporting Goods

(DKS) - Get Report

downgraded at Goldman was downgraded from Buy to Neutral. $30 price target. Valuation call, as the stock has outperformed its peers over the past year.

Darden Restaurants

(DRI) - Get Report

rated new Buy at Janney. $54 price target. Same-store sales growth appears to be improving.

Hewlett-Packard

(HPQ) - Get Report

downgraded at UBS from Buy to Neutral. $44 price target. Estimates also lowered, as checks show a weaker consumer PC market.

H&R Block

(HRB) - Get Report

downgraded at Oppenheimer from Outperform to Perform. Company is spending more and continues to face a mortgage overhang.

Intel

(INTC) - Get Report

downgraded at UBS from Buy to Neutral. $19.50 price target. Weak PC demand could lead to price cuts.

Illinois Tool Works

(ITW) - Get Report

rated new Neutral at Sterne Agee. $45 price target. Near-term restructuring could lead to future growth.

Lockheed Martin

(LMT) - Get Report

downgraded at BofA/Merrill to Underperform from Buy. Valuation call. Price target cut from $85 to $78.

Las Vegas Sands

(LVS) - Get Report

downgraded at Soleil from Buy to Hold. Valuation call, based on a $34 price target.

Molycorp

(MCP)

rated new Overweight at Morgan Stanley. $27 price target. Company is an emerging clean energy play.

Magna International

(MGA) - Get Report

downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Price target lowered to $85 from $90. 2010 EPS estimates raised to $7.84 from $7.77.

MGM Resorts

(MGM) - Get Report

upgraded at Soleil from Hold to Buy. Company has improved its balance sheet and should benefit from a recovery in LV conference demand. $14 price target.

Priceline.com

(PCLN)

rated new Buy at Deutsche Bank. $350 price target. Online travel companies should continue to gain market share.

Primerica

(PRI) - Get Report

rated new Equal-weight at Morgan Stanley. Company can deliver double-digit earnings growth, but its business model remains dependent on recruiting additional distributors.

Pactiv

(PTV)

downgraded at BofA/Merrill to Underperform from Neutral. Valuation call. $33.25 price target.

Raytheon

(RTN) - Get Report

downgraded at BofA/Merrill from Buy to Neutral. Valuation call. Price target trimmed to $52 from $55.

Schlumberger

(SLB) - Get Report

rated new Outperform at Wells Fargo. Company is an industry leader and generates significant cash flow.

Staples

(SPLS)

upgraded at Goldman from Neutral to Buy. Stock was also added to the Conviction List. Valuation call, based on a $23 price target.

Stryker

(SYK) - Get Report

rated new Outperform at Oppenheimer. $57 price target. New products should help drive near-term growth.

Time Warner

(TWX)

downgraded at Benchmark from Buy to Hold. $34 price target. Stalling economic recovery could weigh on sales.

Visa

(V) - Get Report

downgraded at BofA/Merrill to Underperform from Neutral given debt regulation issues and growing structural concerns. Price target fell to$70 from $81.

Viacom

(VIAB) - Get Report

downgraded at Benchmark from Buy to Hold. $37 price target. Stalling economic recovery could cut into sales.

Western Digital

(WDC) - Get Report

downgraded at UBS from Buy to Neutral. $28.50 price target. Company is leveraged to lower consumer notebook PC demand.

Weyerhaeuser

(WY) - Get Report

downgraded at BofA/Merrill to Neutral from Buy on slow growth and mixed data points. $19 price target.

Zimmer

(ZMH)

rated new Perform at Oppenheimer. Company has limited relative growth visibility.

STOCK COMMENTS / EPS CHANGES

Apple

(AAPL) - Get Report

estimates, target raised at UBS. Shares of AAPL now seen reaching $350. Estimates also increased, as the iPad continues to see strong demand. Buy rating.

Altera

(ALTR) - Get Report

estimates increased at Morgan Stanley through 2011. Company boosted its sales guidance, given better 3G wireless demand. Equal-weight rating.

Advanced Micro

(AMD) - Get Report

numbers lowered at FBR. Shares of AMD now seen reaching $10. Estimates also cut, given weak PC channel checks. Market Perform rating.

ArvinMeritor

(ARM)

cut from Conviction Buy List at Goldman. Stock is up 82% over the past year. $19 price target.

Best Buy

(BBY) - Get Report

numbers cut at BB&T. Shares of BBY now seen reaching $42. Estimates also lowered, given lower expected flat-panel sales.

Best Buy

(BBY) - Get Report

target upped at Deutsche. BBY target was boosted to $48. Several data points suggest weaker sales. Buy rating.

Bristol-Myers

(BMY) - Get Report

estimates cut at Morgan Stanley. BMY estimates were lowered through 2011. ZGEN deal will take away from earnings. Neutral rating and $27 price target.

Biovail

(BVF)

target boosted at Deutsche. Shares of BVF now seen reaching $27. Valeant purchase could carry more synergies. Buy rating.

Dryships

(DRYS) - Get Report

estimates, target lowered at Jefferies. DRYS estimates were cut through 2011. Equity offering will dilute earnings. Hold rating and new $4 price target.

Fedex

(FDX) - Get Report

price target raised at Barclays. FDX price target increased to $109 from $106. Healthy industrial economy combined with lower fuel sets the stage for FDX to beat guidance. Maintain Neutral rating.

Foot Locker

(FL) - Get Report

target cut at Morgan Stanley to $12. Company is losing market share and continues to invest in the business. Underweight rating.

Eli Lilly

(LLY) - Get Report

target lowered at Morgan Stanley to $32. Company could face some lower product sales. Underweight rating.

Lowe's

(LOW) - Get Report

target increased at Goldman to $25. Company deserves a higher multiple. Buy rating.

McDonald's

(MCD) - Get Report

target raised at Deutsche to $83. Company continues to post strong sales momentum. Buy rating.

Nasdaq

I:IXIC

estimates reduced at UBS through 2011. Company is seeing lower volumes across the board. Neutral rating and $21 price target.

NYSE Euronext

(NYX)

target lowered at UBS. Shares of NYX now seen reaching $39. Company is seeing lower US equity volumes. Buy rating.

Penn National Gaming

(PENN) - Get Report

price target boosted at Barclays to $36 from $34 as launch of Charles Town table games has exceeded expectations. Reiterate Overweight rating.

Petsmart

(PETM)

target boosted at Goldman to $38. Company deserves a higher multiple. Neutral rating.

Texas Capital Bancshares

(TCBI) - Get Report

estimates cut at Credit Suisse. TCBI 2010 and 2011 EPS estimates lowered to $0.87 and $1.26, respectively. Higher provisioning levels associated with construction loan exposure, Credit Suisse said. Maintain Outperform rating and $21 price target.

This article was written by a staff member of TheStreet.