Genzyme: Analysts' Upgrades, Downgrades

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Acorda Therapeutics ( ACOR) downgraded at Leerink from Outperform to Market Perform. Valuation call, as potential risks lay ahead.

American Eagle ( AEO) upgraded at Wells from Market Perform to Outperform. Estimates also raised, to reflect the company's comp sales momentum.

Baker Hughes ( BHI) reinstated at BofA/Merrill. BHI coverage reinstated with a Buy rating and $61 price target. HBI has above average exposure to higher growth, early cycle product service lines.

Cameron International ( CAM) reinstated at BofA/Merrill. CAM coverage reinstated with a Buy rating and $56 price target. Upside from integration of NATCO acquisition, Bank of America/Merrill Lynch said.

Core Labs ( CLB) initiated at BofA/Merrill. CLB coverage initiated with a Buy rating and $136 price target. Buy based on continuation of share buybacks, valuation, and earnings acceleration.

Citrix Systems ( CTXS) rated new Neutral at UBS. Coverage of CTXS was started with a Neutral rating. $47 price target. Stock is already pricing in increased IT spending.

Deere ( DE) upgraded at JP Morgan from Neutral to Overweight. $65 price target. Seeing signs of a recovery in multiple areas of equipment.

Deere ( DE) estimates, target increased at UBS. Shares of DE now seen reaching $61. Estimates also raised, because of higher expected agriculture demand. Neutral rating.

Dril-Quip ( DRQ) initiated at BofA/Merrill. DRQ coverage initiated with a Buy rating and $68 price target. Recent capacity expansion is driving revenue growth.

FMC Technologies ( FTI) reinstated at BofA/Merrill with an Underperform rating and $65 price target. Not many growth catalysts and poor valuation, Bank of America/Merrill Lynch said.

Halliburton ( HAL) reinstated at BofA/Merrill with a Buy rating and $43 price target. Bank of America/Merrill Lynch noted growing international demand.

Itron ( ITRI) upgraded at Needham from Hold to Buy. $69 price target. Company is positioned well to grow in 2010.

Itron ( ITRI) price target cut at BofA/Merrill. ITRI price target lowered to $75 from $80. Estimates reduced through 2012. Maintain Buy rating.

National Oilwell Varco ( NOV) reinstated at BofA/Merrill with a Buy rating and $51 price target. Bank of America/Merrill Lynch noted a recovery in the services business.

NetApp ( NTAP) estimates, target increased at Goldman. Shares of NTAP now seen reaching $38. Estimates also boosted, as the company is seeing higher sales. Neutral rating.

Nucor ( NUE) upgraded at BofA/Merrill to Neutral from Underperform on valuation and higher steel prices. Price target jumped to $50, 2010 EPS estimate improved to $2.

Protective Life ( PL) downgraded at Sterne Agee from Buy to Neutral. $21 price target. Core Life Marketing segment remains under pressure.

VMWare ( VMW) rated new Buy at UBS. $54 price target. Company should benefit from reinvestment in datacenter projects.

Watsco ( WSO) downgraded at Keybanc from Buy to Hold. Valuation call.

Watsco ( WSO) estimates, target upped at Morgan Stanley. WSO estimates were increased through 2011. Company continues to grow its margins. Overweight rating and new $65 price target.

STOCK COMMENTS / EPS CHANGES

Advanced Auto Parts ( AAP) forecasts reduced at Credit Suisse. AAP 2010 and 2011 EPS estimates lowered to $3.30 and $3.80, respectively. Maintain Outperform rating and $48 price target.

Analog Devices ( ADI) estimates, target boosted at Goldman. ADI estimates were increased through 2011. Company is realizing higher margin leverage. Buy rating and new $37 price target.

Applied Materials ( AMAT) estimates raised at Goldman. AMAT estimates were increased through 2011. Company is seeing strong silicon orders. Buy rating and $17 price target.

CF Industries ( CF) numbers increased at UBS. CF estimates were raised through 2011. Company is seeing higher demand for Nitrogen and Phosphate. Neutral rating and new $104 price target.

Chesapeake Energy ( CHK) estimates raised at UBS through 2010. Company guided toward higher production growth. Neutral rating and $29 price target.

Darden Restaurants ( DRI) numbers upped at Goldman Shares of DRI now seen reaching 2012. Estimates also boosted, to reflect better sales and margins. Neutral rating and new $44 price target.

Devon Energy ( DVN) estimates boosted at Goldman through 2011. Company is seeing higher production rates and lower costs. Buy rating and $96 price target.

EMC ( EMC) target upped at UBS. Shares of EMC now seen reaching $21. Company likely to benefit from momentum at VMW. Buy rating.

FMC Technologies ( FTI) price target raised at Credit Suisse. FTI price target jumped to $57 from $54 after solid 4Q09 results. 2010 and 2011 EPS estimates increased to $2.60 and $2.90, respectively. Maintain Neutral rating.

FMC Technologies ( FTI) numbers upped at FBR. Shares of FTI now seen reaching $77. Estimates also boosted, as the company has tremendous order potential in 2010. Outperform rating.

Genzyme ( GENZ) price target boosted at BofA/Merrill to $54 from $47 based on switching from a multiple-based valuation to discounted cashflow, as investors view GENZ as a break up saleable company. Maintain Underperform rating.

Genzyme ( GENZ) estimates, target reduced at Goldman. Shares of GENZ now seen reaching $51. Estimates also cut, as the company is facing higher expenses. Sell rating.

Hewlett-Packard ( HPQ) price target increased at BofA/Merrill to $62 from $60 after solid 1Q10 results. Estimates raised through 2012.

Hewlett-Packard ( HPQ) numbers raised at Goldman. HPQ estimates were increased through 2011. Company is gaining share and has strong operating leverage. Buy rating and new $61 price target.

Life Technologies ( LIFE) estimates cut at Morgan Stanley. LIFE estimates were lowered through 2012. Recent debt offering increases interest expense, but still makes strategic sense. Overweight rating and $57 price target.

Las Vegas Sands ( LVS) estimates lowered at UBS. LVS estimates were cut through 2010. Weak Las Vegas results will continue to weigh on results. Buy rating and $20 price target.

Nabors ( NBR) estimates, target increased at UBS. Shares of NBR now seen reaching $25, according to UBS. Estimates also boosted, because of better U.S. pricing. Neutral rating.

Newfield Exploration ( NFX) numbers increased at Goldman. NFX estimates were raised through 2012. Company can deliver double-digit production and free cash flow growth. Buy rating and new $63 price target.

NetApp ( NTAP) target, estimates boosted at Credit Suisse. NTAP price target raised to $29 from $27 on signs of networked storage recovery. 2010 and 2011 EPS estimates surged to $1.43 and $1.62, respectively. Neutral rating.

Nvidia ( NVDA) estimates, target increased at Goldman. Shares of NVDA now seen reaching $16. Estimates also boosted, to reflect the company's higher gross margin. Neutral rating.

OfficeMax ( OMX) estimates, target raised at Goldman. Shares of OMX now seen reaching $17.50. Estimates also upped, as the company is seeing better sales. Buy rating.

Priceline.com ( PCLN) target, estimates boosted at BofA/Merrill. PCLN price target increased to $300 from $228 on higher estimates. Estimates raised through 2011. Maintain Buy rating.

Priceline.com ( PCLN) numbers raised at Goldman. Shares of PCLN now seen reaching $265. Estimates also boosted, given better sales in Europe. Buy rating.

Phillips-Van Heusen ( PVH) numbers increased at Morgan Stanley. Shares of PVH now seen reaching $51. Estimates also upped, as the company is seeing better demand across the board. Overweight rating.

Cimarex Energy ( XEC) estimates raised at Morgan Stanley through 2011. Company is seeing better production from it new wells in the Gulf Coast. Overweight rating and $65 price target.

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

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