NEW YORK (TheStreet) -- CHANGE IN RATINGSIntercontinental Exchange ( ICE) upgraded at BMO to Outperform. $125 price target. Valuation call, as the company still has meaningful growth potential. Idex ( IEX) upgraded at Brean Murray to Buy. $38 price target. Company posted a very strong quarter. LG Display Company ( LPL) downgraded at BofA/Merrill to Underperform from Buy on weaker industry fundamentals over the next 1-2 quarters. Mantech ( MANT) downgraded at Wells from Outperform to Market Perform. COO resigned surprisingly, which adds risk to the thesis. Mercadolibre ( MELI) rated new Hold at ThinkEquity. MELI was initiated with a Hold rating. Valuation call, as the stock is already trading at 39 times expected 2011 earnings. PNC Financial ( PNC) rated new Outperform at BMO PNC was initiated with an Outperform rating. $73 price target. Company should return to full earnings power sooner than most of its peers. PPG Industries ( PPG) upgraded at Morgan Stanley from Equal-weight to Overweight. $77 price target. Estimates also boosted, as the company has the best end-market and geographic exposure in the industry. Ritchie Bros. ( RBA) downgraded at Oppenheimer to Perform. Company is facing challenges in construction end-markets. RLI ( RLI) upgraded at Stifel from Sell to Hold. Company deserves to trade at a premium valuation. Schnitzer Steel ( SCHN) upgraded at UBS from Neutral to Buy. $56 price target. Scrap prices should improve in August. Sherwin-Williams ( SHW) downgraded at BofA/Merrill to Neutral from Buy. Risks rising on weaker demand. Price target cut to $80 from $87. Sherwin-Williams ( SHW) downgraded at Morgan Stanley SHW was downgraded from Equal-weight to Underweight, Morgan Stanley said. $78 price target. Company has held up better than its peers, but fundamentals appear to be deteriorating. Questar ( STR) upgraded at JP Morgan. Rating raised to Neutral from Underweight. Maintains $16 price target and 2010 EPS estimates of $1.06. Wolverine World Wide ( WWW) upgraded at Argus from Hold to Buy. $30 price target. Valuation call, as the company should continue to deliver in a volatile environment.
STOCK COMMENTS / EPS CHANGESBoeing ( BA) estimates trimmed at Barclays. BA 2Q10 and FY10 EPS estimates lowered to $0.98 and $4.15, respectively. Changes incorporate strike impact from labor actions. Maintain $87 price target and Overweight rating. Bank of America ( BAC) numbers cut at Citigroup. Shares of BAC now seen reaching $22. Estimates also lowered, because of margin compression. Buy rating.
Becton Dickenson ( BDX) price target cut at Barclays to $78 from $85 on EU healthcare reform concerns and FX impact. Maintain Equal Weight rating.Boston Scientific ( BSX) estimates upped at UBS through 2011. Company should see better domestic ICD sales. Buy rating and $8 price target. Gilead Sciences ( GILD) price target cut at BofA/Merrill to $37 from $43. Pressures on AIDS Drug Assistance Program. Maintain Neutral rating. Halliburton ( HAL) price target boosted at Credit Suisse to $45 from $42 on strong 2Q10 earnings. Maintain Outperform rating. Halliburton ( HAL) estimates, target raised at UBS. Shares of HAL now seen reaching $39, according to UBS. Estimates also increased, given higher realized margins. Buy rating. IBM ( IBM) estimates boosted at UBS through 2011. Company raised guidance, because of higher margins, but is seeing slower services signings. Neutral rating and $142 price target. Lincare ( LNCR) target reduced at Citigroup to $34. Company might be hurt by national rates from CMS. Buy rating. McAfee ( MFE) estimates lower at Credit Suisse. MFE 2010 and 2011 EPS estimates trimmed to $2.50 and $2.74, respectively. Momentum slowing. Maintain Neutral rating and $37.50 price target. Packaging Corp. ( PKG) numbers raised at Goldman. Shares of PKG now seen reaching $26. Estimates also increased, given higher expected margins. Neutral rating. Progress Energy ( PRG) price target higher at BofA/Merrill by a dollar to $43 on low regulatory risk coupled with significant earnings visibility. Reiterate Buy rating. Ralcorp ( RAH) estimates increased at UBS through 2011. Company is seeing better snacks sales and should realize synergies from the PLB acquisition. Neutral rating. Symantec ( SYMC) estimates lower at Credit Suisse. SYMC 2010 and 2011 EPS estimates trimmed to $1.45 and $1.70, respectively. Slow business trends, Barclays said. Maintain $22 price target and Outperform rating. Texas Instruments ( TXN) estimates increased at UBS through 2011. Company is seeing better sales in most areas, other than wireless. Neutral rating and $25 price target. Under Armour ( UA) estimates, target boosted at Goldman. Shares of UA now seen reaching $33. Estimates also upped, given higher sales expectations. Neutral rating. Zions Bancorp ( ZION) estimates sunk at Credit Suisse. ZION 2010 and 2011 EPS estimates lowered to -$2.53 and -$0.04, respectively. EPS miss driven by low pre provision earnings. Maintain Underperform rating and $21 price target.