NEW YORK (TheStreet) -- CHANGE IN RATINGSBabcock & Wilcox ( BWC) rated new Hold at Citigroup. $26 price target. Company faces an uncertain spending environment in the U.S. Comverse Technology ( CMVT) downgraded at Stifel from Buy to Hold. Company is burning through cash faster than expected. Curtis-Wright ( CW) rated new Hold at Deutsche Bank. $34 price target. Company has lower aerospace exposure than some of its peers. Concho Resources ( CXO) upgraded at BMO from Market Perform to Outperform. $73 price target. Marbob will boost the company's production growth even higher. Brinker International ( EAT) downgraded at Wells from Outperform to Market Perform. Estimates also cut, as increased competition and the weaker economy will likely weigh on sales. Hudson Pacific Properties ( HPP) initiated at BofA/Merrill with a Buy rating and $18.50 price target. HPP is an office REIT with regional concentrations, high quality assets, and a strong balance sheet. KLA-Tencor ( KLAC) upgraded at Morgan Stanley from Underweight to Equal-weight. Valuation call, as the stock is already pricing in market-share losses. Nvidia ( NVDA - Get Report) estimates cut at UBS through 2012. Company is losing market share and seeing lower demand overseas. Sell rating and $8 price target. Nvidia ( NVDA - Get Report) upgraded at Morgan Stanley from Underweight to Equal-weight. Valuation call, as the stock is already pricing in a lot of bad news. SuccessFactors ( SFSF) rated new Outperform at FBR Capital Markets. $26 price target. Company has first-mover advantage. Strayer Education ( STRA) downgraded at Morgan Stanley from Equal-weight to Underweight. Valuation call, based on a $180 price target. Company also faces pricing pressure. Triumph Group ( TGI) rated new Buy at Deutsche Bank. $94 price target. Company is positioned to benefit from an improving aerospace cycle. Werner Enterprises ( WERN) upgraded at UBS from Sell to Neutral. $21.50 price target. Valuation call, following the recent selloff.
Cemex ( CX) price target trimmed at Credit Suisse to $13 from $15. Market pessimism seems overblown. Maintain Outperform rating. DeVry ( DV) price target cut at Credit Suisse to $47 from $65. Solid 4Q10 results but Washington counter cyclicality, execution risks linger. Maintain Neutral rating. Estee Lauder ( EL) estimates cut at UBS through 2012. Margin growth is slowing and the company is being hurt by currency rates. Neutral rating and $63 price target. Kohl's ( KSS) estimates reduced at Citigroup through 2012. Company's posted a lower gross margin and offered conservative guidance. Buy rating and $68 price target. Eli Lilly ( LLY) estimates cut at Citigroup through 2011. Company lost a patent ruling with Strattera. Buy rating and $41 price target. Eli Lilly ( LLY) price target lowered at Credit Suisse to $36 from $38 as NJ District Court Judge invalidates patent for Strattera. 2011 & 2012 estimates lowered. Maintain Neutral rating. Microsoft ( MSFT - Get Report) estimates, target lowered at Jefferies. Shares of MSFT now seen reaching $33. Estimates also cut, given lower expected PC sales. Buy rating. Markwest Energy Partners ( MWE) numbers raised at Barclays. MWE price target raised to $36 from $34 as 2Q10 results surpassed expectations. 2010 and 2011 EPS estimates lifted to $1.35 and $0.93, respectively. Maintain Overweight rating. ShoreTel ( SHOR) estimate tweaked at Barclays. SHOR 2011 EPS estimate lowered to 2 cents a share. SHOR delivered solid 4Q results and guided above consensus. Maintain Equal Weight rating. Sara Lee ( SLE) estimates reduced at Morgan Stanley. SLE estimates were cut through 2012. Consumer environment is weaker, which could affect pricing in the coming quarters. Equal-weight rating and $14.50 price target. Textainer ( TGH) price target increased at Credit Suisse to $30 from $26 as the company reported strong great 2Q10 results driven by revenues. Estimates raised through 2012. Maintain Outperform rating. Wendy's/Arby's Group ( WEN - Get Report) price target trimmed at Barclays to $5 from $6. Arby's ahead of plan, but Wendy's comps & margins falling slightly short. Reiterate Overweight rating.