NEW YORK ( TheStreet) -- CHANGE IN RATINGSApplied Materials ( AMAT) downgraded at Piper from Overweight to Neutral. $14 price target. Company is not performing well in the thin-film solar market. Auxilium Pharma ( AUXL) downgraded at Oppenheimer from Outperform to Perform. Xiaflex launch could remain slow for a while. Catalyst Health Solutions ( CHSI) upgraded at Barclays to Overweight from Equal Weight on valuation and renewal of their largest customer Wellmark. Maintain $46 price target. Campbell Soup ( CPB) rated new Hold at Keybanc. Company will struggle to generate long-term sales growth. CARBO Ceramics ( CRR) upgraded at Barclays to Equal Weight from Underweight. Capacity growth should return in late 2010. Price target jumped to $73 from $61. Exterran Holdings ( EXH) downgraded at Barclays to Equal Weight from Overweight as demand for compression services globally appears to have bottomed. Maintain $28 price target. Family Dollar Stores ( FDO) upgraded at Citi to Buy from Hold to reflect constructive view on the dollar store industry. Price target jumped to $47 from $44. First Industrial Reality Trust ( FR) upgraded at Credit Suisse to Outperform from Neutral. FR is an inexpensive take on a commercial real estate recovery. Price target trimmed to $6 from $8. FMC Technologies ( FTI) upgraded at Barclays to Overweight from Equal Weight. Bullish on FMC's leading market share in subsea equipment. Price target raised to $66 from $64. Halliburton ( HAL) upgraded at Barclays to Overweight from Equal Weight. Increased pressure pumping utilization and pricing should drive stronger results. Price target jumped to $35 from $28. Pride International ( PDE) upgraded at Barclays to Overweight from Equal Weight. Strong contract coverage and limited exposure to the Gulf of Mexico. Price target tweaked to $33 from $34. Progressive ( PGR) upgraded at Citi to Buy from Hold. Recent pullback creates buying opportunity. Price target increased to $22 from $21. Patterson-UTI Energy ( PTEN) upgraded at Barclays to Equal Weight from Underweight as land drilling and pressure pumping should benefit from stronger-than-expected U.S. land activity in 2Q. Price target raised by a dollar to $15.
Trico Marine Services ( TRMA) downgraded at Barclays to Underweight from Equal Weight. Balance sheet and liquidity issues. Price target sunk to $0.25 from $2.00. Walter Energy ( WLT) upgraded at FBR from Market Perform to Outperform. $88 price target. Stock looks attractive, following a recent pullback, given the company's exposure to quality coking coal. Watts Water ( WTS) upgraded at Brean Murray from Hold to Buy. Valuation call, based on a $35 price target.
TD Ameritrade ( AMTD) numbers cut at Goldman through 2012. Company will be hurt by the recent market fall. Neutral rating and new $20 price target. Caterpillar ( CAT) estimates increased at Goldman through 2012. North American demand should accelerate in the near term. Neutral rating and $70 price target. Brinker International ( EAT) target cut at Morgan Stanley to $16. Restaurant trends are weakening. Underweight rating. Home Depot ( HD) numbers reduced at Goldman. Shares of HD now seen reaching $34. Estimates also cut, given a lower sales outlook. Buy rating. Lowe's ( LO) estimates, target cut at Goldman through 2012. Company could see lower sales over the coming quarters. Neutral rating and new $25 price target. MBIA ( MBI) target lowered at UBS. Shares of MBI now seen reaching $6. Credit worries are weighing on the sector again. Neutral rating. Noble Energy ( NBL) target reduced at Morgan Stanley to $85. Long-term energy price expectations are falling. Overweight rating. Office Depot ( ODP) numbers lowered at Goldman to $5. Estimates also cut, following two contract losses. Neutral rating. Safeway ( SWY) estimates, target cut at UBS through 2011. Company likely to face increased margin pressure, given price competition. Neutral rating and new $21 price target.
STOCK COMMENTS / EPS CHANGESApple ( AAPL) target raised at Kaufman. Shares of AAPL now seen reaching $349. Company seeing more iPad demand, though iPhone sales could be pushed out because of supply constraints. Buy rating.
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