Apple: Analysts' Upgrades, Downgrades, April 7

Apple estimates upped at UBS through 2011.
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NEW YORK (TheStreet) -- CHANGE IN RATINGS

Enterprise Products Partners

(EPD) - Get Report

initiated at Credit Suisse with an Outperform rating and $38 price target. The company should benefit from build-out of US energy infrastructure.

Enterprise GP Holdings

(EPE) - Get Report

initiated at Credit Suisse with a Neutral rating and $45 price target. Leverage to EPD provides faster growth.

Keycorp

(KEY) - Get Report

upgraded at Goldman to Buy. Company should benefit from CD re-pricing this year. $10 price target.

Netflix

(NFLX) - Get Report

downgraded at Barclays to Equal Weight from Overweight. Valuation call. Price target jumped to $88 from $72. 2010 and 2011 EPS estimates set at $2.68 and $3.05, respectively.

Office Depot

(ODP) - Get Report

initiated at Barclays with an Equal Weight rating and $9 price target. 2010 and 2011 EPS estimates set at breakeven and $0.33, respectively.

OfficeMax

(OMX)

initiated at Barclays with an Equal Weight rating and $18 price target. Substantial long-term upside potential. 2010 and 2011 EPS estimates set at $0.53 and $0.87, respectively.

Parexel

(PRXL)

downgraded at Wells to Market Perform. Valuation call, as the stock is already pricing in strong bookings.

Staples

(SPLS)

initiated at Barclays with an Overweight rating and $28 price target. Positioned to benefit from office supple market. 2011 and 2012 EPS estimates set at $1.35 and $1.65, respectively.

Wabtec

(WAB) - Get Report

downgraded at Longbow to Neutral. Estimates also lowered, as transit agencies are taking money out of capital budgets.

STOCK COMMENTS / EPS CHANGES

Apple

(AAPL) - Get Report

estimates upped at UBS through 2011. iPhone sales are tracking ahead of expectations. Buy rating and $280 price target.

Advanced Micro Devices

(AMD) - Get Report

numbers raised at UBS through 2011. Company should benefit from positive end-market trends. Buy rating and new $13 price target.

Autonation

(AN) - Get Report

estimates boosted at Goldman through 2012. Company pre-announced and is seeing a higher gross margin. Sell rating and $17 price target.

AutoZone

(AZO) - Get Report

target, estimates boosted at BofA/Merrill. AZO price target raised to $195 from $185 as trends remain favorable. 2010 and 2011 EPS estimates lifted to $13.90 and $15.60, respectively. Maintain Buy.

Bank of America

(BAC) - Get Report

estimate lifted at Barclays. BAC 2010 EPS estimate increased to $0.85, 2011 held at $1.80. MER spreads widened during the quarter. Maintain Equal Weight rating and $20 price target.

CME

(CME) - Get Report

estimates, target increased at UBS. CME estimates were boosted through 2011. Company is seeing higher futures volumes. Neutral rating and new $319 price target.

Honeywell

(HON) - Get Report

target, estimates higher at BofA/Merrill. HON price target increased to $57.50 from $48 on improving competitive dynamics in China. Estimates raised through 2012. Buy rating.

Intercontinental Exchange

(ICE) - Get Report

numbers lowered at UBS. Shares now seen reaching $125. Estimates also reduced, as pricing has likely dropped. Buy rating.

Intel

(INTC) - Get Report

estimates boosted at UBS through 2011. Company has a strong new product cycle and should benefit from positive end-market trends. Buy rating and $30 price target.

Kennametal

(KMT) - Get Report

price target boosted at BofA/Merrill. KMT price target increased to $35 from $32. Best ISM play on our coverage. Buy rating.

3M

(MMM) - Get Report

target boosted at Argus to $94. Expect the company to see accelerated growth overseas. Buy rating.

Polo Ralph Lauren

(RL) - Get Report

numbers raised at UBS. Shares of RL now seen reaching $99. Estimates also increased, as industry checks suggest strong Fall orders. Buy rating.

Shaw Group

(SHAW)

price target raised at Barclays to $39 from $36 as operating environment improves. 2010 and 2011 EPS estimates maintained at $2.20 and $2.60, respectively.

Timken

(TKR) - Get Report

price target raised at BofA/Merrill to $36 from $32. Chinese & AsiaPac business could provide material upside to earnings in 2011 and beyond. Reiterate Buy.

Teekay Tankers

(TNK) - Get Report

price target increased at BofA/Merrill to $12.50 from $10.50 as the company raises cash to grow tanker fleet. Maintain Neutral rating.

Urban Outfitters

(URBN) - Get Report

target boosted at Jesup & Lamont to $44. Now sees mid-teen comp sales growth in the first quarter. Outperform rating.

Exxon Mobil

(XOM) - Get Report

estimates cut at Barclays. XOM 2010 and 2011 EPS estimates lowered to $5.70 and $7.00, respectively. Reiterate Overweight rating and $92, price target.

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