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Transocean: Analysts' Upgrades, Downgrades

Transocean target cut at Morgan Stanley to $105. Deepwater drilling ban will weigh on results.
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NEW YORK (

TheStreet

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CHANGE IN RATINGS

Akamai

(AKAM)

downgraded at Citigroup from Buy to Hold. Valuation call, based on a $44 price target.

Amylin Pharma

(AMLN)

upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Maintain $26 price target. Lowers 2010 EPS estimates to -$0.86 from -$0.84.

Delta Air

(DAL)

rated new Buy at Deutsche Bank. $17 price target. Northwest merger is off to a good start and the company is a deleveraging story.

Consolidated Edison

(ED)

upgraded at Goldman to Neutral. Estimates also boosted, as the company should have lower financing needs.

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Federated Investors

(FII)

upgraded at FBR from Underperform to Market Perform. $21 price target. Valuation call, as the stock is already pricing in some industry-wide headwinds.

FMC Technologies

(FTI)

upgraded at Stifel from Hold to Buy. $66 price target. Recent decline has created an attractive buying opportunity.

Great Plains

(GXP)

upgraded at Goldman from Neutral to Buy. Valuation call.

Hartford Financial Services

(HIG)

upgraded at BofA/Merrill to Buy from Neutral as stock slide creates buying opportunity. $34 price target.

Intuitive Surgical

(ISRG)

downgraded at Brean Murray from Buy to Hold. Europe is cutting back on its healthcare budgets.

J.B. Hunt

(JBHT)

upgraded at BofA/Merrill to Buy from Neutral. Improving fundamentals, volumes, pricing, and margins at its Intermodal and Dedicated segments. Price target lowered to $40 from $42.

JetBlue

(JBLU)

upgraded at BofA/Merrill to Buy from Neutral and price target raised to $7 from $11. Gaining high-yield traffic traction.

Southwest Airlines

(LUV)

rated new Buy at Deutsche Bank. $15 price target. Company has an excellent balance sheet and earnings growth should resume in 2010.

MGM Mirage

(MGM)

upgraded at Soleil from Sell to Hold. $13 price target. Company is making progress on its debt and Las Vegas appears to be stabilizing.

Mohawk Industries

(MHK)

upgraded at Stifel from Hold to Buy. $70 price target. Carpet industry appears strong than the market realizes.

Pulte

(PHM)

upgraded at Citigroup from Hold to Buy. $14 price target. Valuation call, even though the company lacks near-term catalysts.

Polaris Industries

(PII)

upgraded at Keybanc from Hold to Buy. $73 price target. Recent checks are showing pockets of strength.

Portland General

(POR)

downgraded at Goldman from Buy to Neutral. Estimates also cut.

Riverbed Technologies

(RVBD)

initiated at Barclays with an Overweight rating and $32 price target. Riverbed addresses a sustainably growing market with technically superior products.

Select Medical

(SEM)

upgraded at Baird from Neutral to Outperform. $11 price target. Bad press should reverse trend in the coming months.

T. Rowe Price

(TROW)

upgraded at FBR from Market Perform to Outperform. $58 price target. Valuation call, as the company is positioned relatively well, even as the industry faces headwinds.

STOCK COMMENTS / EPS CHANGES

Alcatel-Lucent

(ALU)

estimates increased at Soleil through 2011. Checks show better wireless demand from VZ and AT&T. Buy rating and $4 price target.

Clean Harbors

(CLH)

numbers raised at Goldman to $72. Estimates also increased, given the company's cleanup business in the Gulf. Neutral rating.

More on Clean Harbors Jim Cramer on Clean Harbors

Google

(GOOG)

estimates, target cut at Citigroup. Shares of GOOG now seen reaching $630. Estimates also lowered, given currency changes. Buy rating.

Kroger

(KR)

estimates changed at Barclays. KR 2010 and 2011 EPS estimates set at $1.75 and $2.03, respectively. Maintain Overweight rating and $26 price target.

Mirant

(MIR)

price target raised at Barclays by a dollar to $13. Maintain Equal Weight rating.

Transocean

(RIG)

target cut at Morgan Stanley to $105. Deepwater drilling ban will weigh on results. Overweight rating.

TRW Automotive

(TRW)

estimates upped at Soleil through 2012. Company is benefiting from higher automotive build rates. Buy rating and $42 price target.

Weatherford

(WFT)

target reduced at Morgan Stanley to $36. Drilling ban in the Gulf will continue to weigh on the stock. Overweight rating.

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