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Palm: Anaylsts' Upgrades, Downgrades

Palm is upgraded from sell to hold at Morgan Joseph.
Author:

Alcoa

(AA) - Get Report

was upgraded from Equal-weight to Overweight, Morgan Stanley said. $22 price target. Estimates also raised, to reflect higher expected alumina and downstream profits.

Rockwell Collins

(COL)

was initiated with a Hold rating, Citigroup said. $57 price target. Company has above-average operating margins, but already trades at a premium valuation.

Genzyme

(GENZ)

was downgraded from Equal-weight to Underweight, Morgan Stanley said. $48 price target. Consensus estimates remain too high.

Gap

(GPS) - Get Report

was downgraded from Buy to Hold, Jesup & Lamont said. Recent channel checks show the flagship brand is not gaining traction.

Coverage of

Human Genome

(HGSI)

was started with an Overweight rating, Morgan Stanley said. $40 price target. Benlysta has earnings potential of $4 a share in lupus.

Barclays upgraded

Intel

(INTC) - Get Report

to Overweight from Equal Weight on valuation. 2009 and 2010 EPS estimates raised to $1.08 and $1.60, respectively. Maintain $24 price target.

Mosaic

(MOS) - Get Report

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was upgraded from Neutral to Buy, Goldman Sachs said. $68 price target. Valuation call, following the recent pullback.

Nokia

(NOK) - Get Report

was downgraded from buy to hold, Argus Research said. Failure to develop a compelling set of smartphone applications will cause the company to keep losing market share.

Palm

(PALM)

was upgraded from Sell to Hold, Morgan Joseph said. Valuation call, as the stock is down 33%.

Credit Suisse initiated coverage on

Public Storage

(PSA) - Get Report

with an Outperform rating and $91 price target. PSA is "best in class" REIT, said analysts.

Sonoco Products

(SON) - Get Report

was upgraded from Hold to Buy, Argus Research said. $35 price target. Company should post better earnings, as the economy recovers.

Seagate Technology

(STX) - Get Report

was upgraded to Outperform from Neutral, Robert Baird said. $25 price target. Expect IT hardware spending to accelerate through 2010, with enterprise storage seeing especially strong demand.

Credit Suisse initiated coverage on

Taubman Centers

(TCO) - Get Report

with a Neutral rating and $36 price target. Great mall assets, but concerned about weakening environment for lease signings in 2010.

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