Editor's Note: Green and red arrows refer to intraday stock price movement.NEW YORK ( TheStreet) -- CHANGE IN RATINGS Altera ( ALTR) downgraded at Citigroup from Buy to Hold, Citigroup said. Valuation call, based on a $43 price target. Baker Hughes ( BHI) upgraded at BMO from Market Perform to Outperform, BMO Capital said. $90 price target. Estimates also boosted. Chimera Investment Corp ( CIM) initiated at Barclays with an Overweight rating and $5 price target. A pure-play non-Agency mortgage REIT, fair value of the company's MBS continues to rise, Barclays said. Colgate-Palmolive ( CL) rated new Market Perform at Wells. Company has limited sales growth potential. Clorox ( CLX) rated new Market Perform at Wells. Company could be hurt by rising input costs. Calpine ( CPN) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call. Mannkind ( MNKD) downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Potential Afrezza approval has been pushed out. Crane ( CR) upgraded at Citigroup from Sell to Hold, Citigroup said. $44 price target. Stock is already pricing in Aerospace and Fluid Handling problems. Citrix Systems ( CTXS) rated new Buy at Collins Stewart. $80 price target. Company has solid near-term growth prospects. Hudson City Bancorp ( HCBK) downgraded at Barclays to Equal Weight from Overweight after the company released earnings that showed weakening fundamentals and foreshadowed a potential dividend cut, Barclays said. Price target cut by a dollar to $13. Hudson City Bancorp ( HCBK) downgraded at FBR from Market Perform to Underperform, FBR Capital Markets said. $10.50 price target. Earnings are falling, relative to peers. Illumina ( ILMN) upgraded at Citigroup from Hold to Buy, Citigroup said. $85 price target. Estimates also boosted, to match the company's new guidance. Massey Energy ( MEE) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Valuation call, based on a $59 price target. Micron Technology ( MU) upgraded at UBS from Neutral to Buy, UBS said. $12 price target. Estimates also boosted, given an improving DRAM market. Netlogic ( NETL) downgraded at William Blair from Outperform to Market Perform, William Blair said. Company is likely to post inconsistent results in the coming quarters.
PG&E ( PCG) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Company faces increased regulatory risks. Procter & Gamble ( PG) rated new Outperform at Wells Fargo. Company has an attractive opportunity to grow in its emerging markets. QLogic ( QLGC) downgraded at BMO from Outperform to Market Perform, BMO Capital said. $19 price target. Company will likely see lower sales growth. Rackspace ( RAX) downgraded at Piper to Neutral, Piper Jaffray said. Valuation call, based on a $29 price target. Sherwin-Williams Company ( SHW) initiated at Credit Suisse with an Underperform rating and $80 price target. Raw materials and end markets paint a difficult picture, Credit Suisse said. State Street ( STT) downgraded at Janney to Neutral. $48 price target. Company faces cost headwinds. Tyco ( TYC) downgraded at Citigroup from Buy to Hold, Citigroup said. Valuation call, based on a $49 price target. VMWare ( VMW) rated new Neutral at Collins Stewart. Valuation call, based on a $92 price target. Watsco ( WSO) downgraded at Piper to Underweight. Company faces multiple headwinds to growth in 2011.