NEW YORK (TheStreet) -- CHANGE IN RATINGS

Archer Daniels Midland ( ADM) upgraded at Credit Suisse to Outperform from Neutral. Concerns about ADM's corn sweeteners business is overdone. Price target lifted to $34 from $30.

Autonation ( AN) upgraded at Goldman from Sell to Neutral. New analyst believes that the stock deserves a premium valuation.

Avon ( AVP) rated new Overweight at Morgan Stanley with a Buy rating. $35 price target. Stock has pulled back, and the company should continue to grow in emerging markets.

Cameron Int'l. ( CAM) upgraded at Goldman to Buy. Stock was also added to the Conviction Buy list. $42 price target. Company will benefit, with the focus on oil services shifting away from the Macondo well.

Colgate-Palmolive ( CL) rated new Equal-weight at Morgan Stanley. Stock already trades at a premium valuation.
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Clorox ( CLX) rated new Equal-weight at Morgan Stanley. Coverage of CLX was started with an Equal-weight rating. Company has limited long-term growth prospects.

Diamond Offshore ( DO) downgraded at Jefferies from Hold to Underperform. Fleet is not positioned well for changes in floater demand.

Amdocs ( DOX) initiated at Barclays with an Equal Weight rating and $33 price target. Amdocs is a best in class vendor in the relatively defensive global telecom software market.

Encana ( ECA) downgraded at Goldman from Neutral to Sell. Company will be hurt by lower natural gas prices.

Hess ( HES) downgraded at Goldman from Buy to Neutral. Valuation call, based on a $60 price target.

JPMorgan ( JPM) upgraded at Wells from Market Perform to Outperform. Valuation call, as lower credit costs should help earnings.

Lennar ( LEN) rated new Positive at Susquehanna Financial. $19 price target. Company has a relatively liquid balance sheet, with attractive land holdings.

Las Vegas Sands ( LVS) rated new Buy at Jefferies. $30 price target. Company has the best growth story in the sector.

Murphy Oil ( MUR) upgraded at Goldman from Neutral to Buy. $61 price target. Eagle Ford growth has been underappreciated.

Noble ( NE) downgraded at Jefferies to Hold. Company has jack-up exposure to Mexico and the Middle East.

Precision Castparts ( PCP) upgraded at Credit Suisse to Outperform from Neutral. End markets improving for this best in class operator. Price target jumped to $150 from $129.

Pride International ( PDE) upgraded at Jefferies to Buy. Company has limited re-pricing risk and should post above-average earnings.

Procter & Gamble ( PG) rated new Equal-weight rating at Morgan Stanley. Stock is already pricing in a fundamental rebound.

Rowan ( RDC) upgraded at Jefferies 7:19 AM EDT RDC was upgraded to Buy. Company has the best jack-up fleet in the world.

Southwestern Energy ( SWN) downgraded at Goldman from Buy to Neutral. Company is already pricing in above-average growth.

Toll Brothers ( TOL) rated new Neutral at Susquehanna Financial. Luxury home market remains challenged.

Time Warner ( TWC) rated new Buy at Kaufman. $66 price target. Company should continue to deliver growth in difficult environment.

Ultra Petroleum ( UPL) downgraded at Goldman from Buy to Neutral. Valuation call.

Vodafone ( VOD) rated new Buy at Jefferies. Sales are turning the corner and the company has significant operating leverage.

Wynn Resorts ( WYNN) rated new Buy at Jefferies. $94 price target. Company has a premier brand and deserves a premium valuation.

STOCK COMMENTS / EPS CHANGES

Apple ( AAPL) estimates higher at BofA/Merrill. AAPL 2010 and 2010 EPS estimates increased to $14.29 and $17.87, respectively. Street too conservative, plenty of coals in the fire. Maintain Buy rating and $340 price target.

Advanced Micro ( AMD) estimates upped at UBS through 2011. Company is realizing a higher gross margin. Neutral rating and $8.75 price target.

Commerce Bancshares ( CBSH) numbers increased at UBS. Shares of CBSH now seen reaching $41. Estimates also raised, given an improving credit outlook. Neutral rating.

Discover Financial ( DFS) estimates increased at Goldman through 2011. Company has a stable loan outlook and should benefit from deposit re-pricing. Buy rating.

Walt Disney Company ( DIS) estimates raised at Credit Suisse. DIS 2010 and 2011 EPS estimates increased to $2.01 and $2.37, respectively. Higher numbers reflect DIS's renewed creative cycle and improving advertising trends. Outperform.

Google ( GOOG) estimates higher at BofA/Merrill. GOOG 2010 and 2011 EPS estimates lifted to $27.10 and $30.87 on revenue upside and FX. Maintain Buy rating and $630 price target.

Google ( GOOG) target, estimates cut at Barclays. GOOG price target sunk to $550 from $650. 2Q results mixed. 2010 and 2011 EPS estimates trimmed to $27.20 and $31.30, respectively. Maintain Overweight rating.

Google ( GOOG) estimates, target lowered at UBS through 2011. Company is facing higher costs. Buy rating and new $685 price target.

WW Grainger ( GWW) numbers boosted at Morgan Stanley. Shares of GWW now seen reaching $116. Estimates also upped, given the company's better guidance. Equal-weight rating.

JB Hunt ( JBHT) price target higher at Credit Suisse. JBHT price target improved to $41 from $36 on strong 2Q10 results with positive commentary. Maintain Neutral rating.

JB Hunt ( JBHT) estimates upped at Goldman through 2012. Company is seeing better pricing and margins. Neutral rating and $37 price target.

Coca-Cola ( KO) estimates raised at UBS through 2011. Company is seeing better sales in the U.S. and emerging markets. Buy rating and $62 price target.

Eli Lilly ( LLY) estimates raised at Barclays. LLY 2010 and 2011 EPS estimates increased to $4.51 and $4.29, respectively. Expecting positive 2Q10 results. Maintain Equal Weight rating and $39 price target.

Principal Financial ( PFG) numbers cut at UBS. Shares of PFG now seen reaching $27. Estimates also reduced, as the company is facing pressure on pricing and new flows. Neutral rating.

Polycom ( PLCM) target, estimates higher at Barclays. PLCM price target increase by a dollar to $28 on another healthy beat. 2010 and 2011 EPS estimates lifted to $1.42 and $1.87, respectively. Maintain Equal Weight rating.

Polycom ( PLCM) estimates lowered at UBS PLCM estimates were cut through 2011. Company faces slower growth in the coming quarters. Neutral rating and $33 price target.

Safeway ( SWY) estimates lowered at Morgan Stanley. SWY estimates were cut through 2012. Company will be hurt by deflationary pressures. Equal-weight rating.

Williams ( WMB) cut from Conviction Buy List at Goldman Sachs. Company will be hurt by lower natural gas prices. $26 price target.

This article was written by a staff member of TheStreet.

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