Editor's Note: Green and red arrows refer to intraday stock price movement.


Bemis ( BMS) was initiated with a Neutral rating at Goldman Sachs. $35 price target. Ball ( BLL) and Crown Holdings ( CCK) offer better upside potential, Goldman said.

Campbell Soup ( CPB - Get Report) was downgraded at Barclays to Equal Weight from Overweight following disappointing earnings. Price target cut to $33 from $38.

Hormel Foods ( HRL - Get Report) was downgraded from Hold to Sell at Soleil Securities. Valuation call, based on a $43 price target.

Lennox ( LII - Get Report) was initiated with a Market Perform rating at Wells Fargo. Uneven residential demand will weigh on a recovery in HVAC demand, Wells Fargo said.

M&T Bank ( MTB - Get Report) was initiated with a Market Perform rating at BMO Capital. $85 price target. Stock already trades at a premium to its peers, BMO Capital said.

Rovi ( ROVI) was downgraded from Overweight to Neutral at JP Morgan. Valuation call, as the stock is up 70% year-to-date, JP Morgan said.

Spectra Energy ( SEP) was upgraded at UBS from Sell to Neutral. Valuation call, based on a $34 price target, UBS said.

Synopsys ( SNPS) was upgraded at JP Morgan from Neutral to Overweight. Higher bookings should drive better cash flow growth in 2011, JP Morgan said.

Watsco ( WSO) was downgraded to Equal-weight at Morgan Stanley. $63 price target. Stock is already pricing in better Carrier results.

This article was written by a staff member of TheStreet.