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.