Editor's Note: Green and red arrows refer to intraday stock price movement.NEW YORK ( TheStreet) -- CHANGE IN RATINGS Abbott Laboratories ( ABT) downgraded at Citigroup from Hold to Sell, Citigroup said. $44 price target. Fundamentals are sliding and costs are rising. Amylin Pharmaceuticals ( AMLN) upgraded at Piper from Neutral to Overweight, Piper Jaffray said. $20 price target. Company has reached an agreement with the FDA that reduces risk around the tQT trial. Abercrombie & Fitch ( ANF) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $57 price target. Teen space will likely see higher competition and all retailers are struggling with cotton costs. Ann Taylor ( ANN) upgraded at Citigroup from Hold to Buy, Citigroup said. $27 price target. Stock is down 20% year-to-date and LOFT sales appear to be stabilizing. BorgWarner ( BWA) downgraded at Goldman from Neutral to Sell, Goldman Sachs said. Valuation call. Chico's FAS ( CHS) upgraded at FBR from Market Perform to Outperform, FBR Capital said. $14 price target. Valuation call. Family Dollar ( FDO) downgraded at RBC from Outperform to Sector Perform, RBC Capital said. Valuation call. Goodyear Tire ( GT) downgraded at Goldman to Neutral from Buy, Goldman Sachs said. Earnings recovery is being pushed out by higher raw materials costs. Carmax ( KMX) upgraded at RBC from Sector Perform to Outperform, RBC Capital Markets said. $37 price target. Meredith ( MDP) upgraded at Citigroup to Buy, Citigroup said. $44 price target. Company appears more confident about its long-term growth potential. Magna ( MGA) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. Company is showing much better operating leverage. Murphy Oil ( MUR) numbers lowered at Morgan Stanley. MUR estimates were cut through 2012, Morgan Stanley said. Company reduced its production guidance. Overweight rating and new $83 price target. Murphy Oil ( MUR) downgraded at BMO to Underperform, BMO Capital Markets said. $65 price target. Company lowered it production guidance. Netflix ( NFLX) upgraded at ThinkEquity from Hold to Buy. $220 price target. Company is seeing higher subscriber growth. Netflix ( NFLX) upgraded at Morgan Keegan from Underperform to Market Perform, Morgan Keegan said. Company had solid earnings and is addressing margin fears.
Piper Jaffray ( PJC) downgraded at JMP from Outperform to Market Perform, JMP Securities said. Valuation call. Qualcomm ( QCOM) upgraded at Morgan Keegan from Market Perform to Outperform, Morgan Keegan said. $61 price target. Company has a solid quarter and should continue to benefit from smartphone demand. Rockwell Automation ( ROK) numbers raised at Goldman. Shares of ROK now seen reaching $96, according to Goldman Sachs. Estimates also increased, as the company is gaining market share. Neutral rating. Rockwell Automation ( ROK) upgraded at Wells to Outperform, Wells Fargo said. Estimates also raised, as the company has further potential operating leverage. RadioShack ( RSH) downgraded at RBC from Outperform to Sector Perform, RBC Capital said. $17 price target. Fundamentals are not likely to bounce back soon. Synnex ( SNX) downgraded at Kaufman from Buy to Hold, Kaufman Bros. said. Valuation call, based on a $38 price target. Symantec ( SYMC) upgraded at Jefferies to Buy from Hold, Jefferies said. $20 price target. Company is improving execution and demand is picking up along with the economy. TRW Automotive ( TRW) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company can continue to grow margins and earnings in the new year.
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