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Google: Analysts' Upgrades, Downgrades

Google price target lowered at BofA/Merrill to reflect USD appreciation.
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NEW YORK (

TheStreet

) --

CHANGE IN RATINGS

Atwood Oceanics

(ATW)

downgraded at Goldman from Neutral to Sell. Company will be hurt by lower deepwater drilling rates.

Boeing

(BA) - Get Report

rated new Buy at Deutsche Bank. $80 price target. Earnings should rebound along with production.

Baker Hughes

(BHI)

downgraded at FBR from Outperform to Market Perform. $47 price target. Drilling moratorium could cause further delays in the Gulf.

Broadcom

downgraded at Susquehanna to Neutral. Checks suggest a slowdown in end-market demand.

Canadian Pacific Railways

(CP) - Get Report

upgraded at Credit Suisse to Outperform from Underperform. CP is in position to close the gap in operating profits between itself and the other North American Class 1 railroads. Price target surged to $75 from $59.

Buy-Rated Stocks Top 10 Buy-Rated Stocks Under $5

CVS/Caremark

(CVS) - Get Report

downgraded at Morgan Stanley from Overweight to equal-weight. Dispute with WAG highlights risks to the company's business model.

Cypress Semiconductor

(CY) - Get Report

rated new Neutral at Janney Montgomery. $12 price target. Legacy business headwinds will likely offset growth in new products.

Diamond Offshore

(DO) - Get Report

downgraded at Goldman from Neutral to Sell. Company is likely to be hurt by lower dayrates, following the Gulf spill.

Diamond Offshore

(DO) - Get Report

downgraded at FBR to Underperform from Market Perform. $54 price target. Deepwater moratorium will hurt business.

General Dynamics

(GD) - Get Report

rated new Buy at Deutsche Bank. $84 price target. Company has attractive leverage to an economic recovery.

Intel

(INTC) - Get Report

downgraded at Susquehanna to Neutral. PC sales could slow down, heading into the third quarter.

Marvell Technology

(MRVL) - Get Report

rated new Buy at Janney Montgomery. $27 price target. Company should see accelerated disk-drive and consumer growth.

Nabors Industries

(NBR) - Get Report

upgraded at Goldman from Neutral to Buy. Company is leveraged to increased land drilling across the globe.

Noble

(NE) - Get Report

downgraded at FBR from Outperform to Market Perform. $36 price target. Drilling moratorium will hurt business.

Northrop Grumman

(NOC) - Get Report

rated new Hold at Deutsche. $72 price target. Company faces long-term defense budget pressures.

Nvidia

(NVDA) - Get Report

TST Recommends

rated new Neutral at Janney Montgomery. $12 price target. Company can deliver modest growth over the next several quarters.

Patterson

(PDCO) - Get Report

rated new Buy at Jefferies. $36 price target. Company should see improving utilization across the board, as the economy improves.

Robert Half Int'l.

(RHI) - Get Report

upgraded at Morgan Stanley to Equal-weight from Underweight. Stock is down 29% from April, and has late-cycle recovery characteristics.

Tellabs

(TLAB)

downgraded at Morgan Stanley to Equal-weight. Estimates also cut, as the company appears to be losing market share in broadband data.

STOCK COMMENTS / EPS CHANGES

Apple

(AAPL) - Get Report

target raised at Morgan Stanley Shares of AAPL now seen reaching $332. Company continues to see higher iPad sales. Overweight rating.

Altera

(ALTR) - Get Report

estimates, target boosted at Goldman. Shares of ALTR now seen reaching $25. Estimates also upped, as demand should continue to build in the coming quarters. Neutral rating.

Amazon

(AMZN) - Get Report

price target cut at BofA/Merrill to $150 from $155 to reflect U.S. dollar appreciation since April. Reiterate Buy rating.

Bristol-Myers

(BMY) - Get Report

estimates increased at UBS. BMY estimates were raised through 2011. Company had a good showing with Sprycel data at ASCO. Neutral rating and $26 price target.

CSX Corp

(CSX) - Get Report

price target higher at Credit Suisse. CSX price target jumped to $74 from $69 on strong 2011 forecasts. Maintain Outperform rating.

First Solar

(FSLR) - Get Report

price target lower at Citi to $125 from $135 on foreign exchange weakness. Maintain Hold rating.

Google

(GOOG) - Get Report

price target lowered at BofA/Merrill to $630 from $685 to reflect US dollar appreciation since April. Buy rating.

Medtronic

(MDT) - Get Report

target reduced at Goldman to $43. Peer group is receiving a lower earnings multiple. Neutral rating.

Noble Energy

(NBL) - Get Report

price target trimmed at Barclays to $86 from $87. A premium valuation is warranted in light of the expected superior growth in next several years. Maintain Overweight rating.

NetLogic

(NETL) - Get Report

target lowered at UBS. Shares of NETL now seen reaching $34.50. Company is facing increased competition. Buy rating.

New York Community Bancorp

(NYB)

price target boosted at Barclays to $17 from $15 as AmTrust and Desert Hill acquisitions are performing better than expected. Reiterate Equal Weight rating.

Tractor Supply Company

(TSCO) - Get Report

price target higher at BofA/Merrill by a dollar to $75 on an expected strong spring selling season. Estimates raised through 2012. Reiterate Buy rating.

United Parcel Service

(UPS) - Get Report

price target lower at Credit Suisse to $74 from $79 on projected growth. Maintain Neutral rating.

Yahoo!

(YHOO)

price target trimmed at BofA/Merrill by a dollar to $20 to reflect U.S. dollar appreciation since April. Reiterate Buy rating.

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