Hewlett-Packard: Upgrades, Downgrades

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

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Arch Coal ( ACI) downgraded at Jefferies from Buy to Hold, Jefferies said. Valuation call.

Advanced Micro ( AMD) downgraded at Wells to Underperform, Wells Fargo said. Company could continue to lose market share and the departure of the CEO could hang over the stock.

AMR ( AMR) downgraded at UBS from Buy to Neutral, UBS said. $10 price target. Dispute with online travel agents could actually hurt near-term earnings.

Acuity Brands ( AYI) downgraded at Oppenheimer from Outperform to Perform, Oppenheimer said. Valuation call.

CIT Group ( CIT) rated new Buy at Citigroup. $57 price target. Stock is near book value and the company's turnaround is gaining momentum.

CIT Group ( CIT) rated new Equal-weight at Morgan Stanley. $48 price target. Company still faces funding constraints.

Diamond Offshore ( DO) upgraded at Jefferies from Underperform to Hold, Jefferies said. Company should see better mid-water and deepwater returns.

Energy Conversion ( ENER) devices downgraded at Barclays to Underweight from Equal Weight. Increasing risks to sustainability of policies in key markets, along with incremental risk of pricing pressure, Barclays said. Price target cut in half to $3.

Fluor ( FLR) upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. $77 price target. Company should benefit from a strong commodity presence. End-market demand could also recover in other key areas.

Flowserve ( FLS) rated new Neutral at UBS. $127 price target. Company faces near-term pricing concerns.

FXCM Inc. ( FXCM) initiated at Barclays with an Overweight rating and $18 price target. FXCM sits in an enviable position in the retail FX industry, one that is growing faster than even the attractive rates seen in the equity e-broker world, Barclays said.

GlaxoSmithKline ( GSK) upgraded at Jefferies from Hold to Buy, Jefferies said. Company is buying back stock and carrying a lot of earnings momentum into the new year.

Hewlett-Packard ( HPQ) upgraded at UBS from Neutral to Buy, UBS said. $52 price target. Estimates also upped, as business spending should improve in the new year.

Louisiana-Pacific ( LPX) downgraded at UBS from Neutral to Sell, UBS said. Valuation call, as the stock is up 34% from its September lows. $8.75 price target.

MF Global ( MF) downgraded at Barclays to Equal Weight from Overweight. Sensitivity to trading volumes, competition and pricing, Barclays said. Maintain $8 price target.

Monsanto ( MON) upgraded at Argus from Hold to Buy, Argus Research said, $87 price target. Roundup sales have gradually improved.

Vail Resorts ( MTN) downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Valuation call.

Pride International ( PDE) downgraded at Jefferies from Buy to Hold, Jefferies said. Valuation call.

Shaw Group ( SHAW) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. $37.50 price target. Recovery in power market should drive order flow in 2011.

Sanofi-Aventis ( SNY) downgraded at Jefferies from Buy to Hold, Jefferies said. Company is facing new potential patent losses.

Suntech Power Holdings ( STP) upgraded at Barclays to Overweight from Equal Weight. Stronger than expected demand in Italy, Germany, North America and other emerging solar markets, Barclays said. Price target increased to $12 from $9.

Stryker ( SYK) upgraded at Stifel from Hold to Buy, Stifel Nicolaus said. $63 price target. Company is growing through new products and can gain market share.

Stryker ( SYK) estimates increased at Goldman through 2014, Goldman Sachs said. Company boosted its sales guidance. Neutral rating and $57 price target.

Tidewater ( TDW) upgraded at Jefferies from Hold to Buy, Jefferies said. OSV market is finally starting to turn around.

Tetra Tech ( TTEK) upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. $30 price target. Earnings trends are improving across the sector.

URS ( URS) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $45 price target. Growth concerns are intensifying.

Weatherford ( WFT) upgraded at Jefferies from Hold to Buy, Jefferies said. $27 price target. Company has operating leverage to rising international activity.

Walter Energy ( WLT) rated new Buy at Jefferies. Company should benefit from higher met coal prices.

This article was written by a staff member of TheStreet.

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