NEW YORK (TheStreet) -- CHANGE IN RATINGSAlbermarle ( ALB - Get Report) was initiated with an Overweight rating at Morgan Stanley. Company has a ample bromine holdings and should continue to see strong demand. $52 price target. BorgWarner ( BWA - Get Report) was downgraded from Buy to Hold at Deutsche Bank. Valuation call, as the stock is up 18% year to date. Digital Globe ( DGI) downgraded to Hold from Buy at Canaccord Genuity because of terms of EnhancedView contract. Price target cut to $35 from $37. Johnson & Johnson ( JNJ - Get Report) downgraded at Morgan Stanley to Equal-Weight from Overweight on lower pharmaceutical growth and fewer leverage opportunities. Northrop Grumman ( NOC) was downgraded from Outperform to Market Perform at FBR Capital Markets said. $75 price target. Stock lacks near-term catalysts. TRW Automotive ( TRW) was downgraded at Deutsche Bank from Buy to Hold. Stock is up 31% year to date, and industry activity appears to be slowing in Europe. Whole Foods ( WFMI) was upgraded from Neutral to Buy at UBS. $45 price target. Post-earnings pullback has created a buying opportunity. Estimates also boosted, given improved cost leverage.
Essex Property Trust ( ESS) price target boosted to $114 from $107 at Barclays. Company reported strong second-quarter results and remains active on the external expansion front, Barclays said. Maintain Overweight rating. Global Geophysical Services ( GGS) price target cut at Credit Suisse to $12 from $13. Credit Suisse noted more conservative client margin assumptions and lower non-North America proprietary contribution. Maintain Outperform rating. Gartner ( IT) estimates, target boosted at Piper Jaffray. Shares now seen reaching $30. Estimates also upped, as accelerating sales growth is driving higher margins. Overweight rating. Grand Canyon Education ( LOPE) price target reduced at Credit Suisse to $22 from $26. Solid second-quarter results, but regulatory hair remains, Credit Suisse said. Maintain Neutral rating. Markel ( MKL) estimates, target lowered at Oppenheimer. Shares of MKL now seen reaching $312. Estimates also cut, because of lower expected favorable development. Underperform rating. Nabors Industries ( NBR) estimates increased through 2011 at Sterne Agee. SWSI purchase should add to earnings. Buy rating and $26 price target. Rackspace Hosting ( RAX) numbers increased through 2012 at Morgan Stanley. Company is seeing strong bookings, driven by larger incremental customer spending. Overweight rating and new $27 price target. SandRidge Energy ( SD) price target trimmed by a dollar to $7 at Credit Suisse. Weak gas prices with a higher-cost model have muddled SD's transition to a higher-margin oil producer, Credit Suisse said. Neutral rating. ReneSola ( SOL) price target raised at Barclays by a dollar to $10. In-line second-quarter results with 2011 guidance well above expectations, Barclays said. Maintain Equal Weight rating. Tyson Foods ( TSN) estimates increased through 2011 at Morgan Stanley. Company continues to post growth in pork and beef processing. Equal-weight rating. TW Telecom ( TWTC) price target boosted at Citigroup. Price target lifted to $21 from $18 as second-quarter results show solid sequential revenue growth, Citigroup said. Reiterate Hold rating. Windstream ( WIN) estimates upped through 2012 at Morgan Stanley. Cost cuts are offsetting lower voice-related revenue. Overweight rating and $13 price target.