Ingersoll-Rand ( IR) downgraded to hold at TheStreet Ratings.Ingersoll-Rand cut from Focus List at Credit Suisse. Valuation call, based on a $41 price target. Ingersoll-Rand numbers lowered at Jefferies. Shares of IR now seen reaching $38. Estimates also cut, given reduced residential expectations. Buy rating. Keycorp ( KEY) estimates, target increased at Jefferies. KEY estimates were raised through 2012. Operating trends are improving. Hold rating and new $7.50 price target. Laboratory Corp. ( LH) numbers lowered at Credit Suisse. Shares of LH now seen reaching $91. Estimates also cut, given slower underlying growth trends. Neutral rating. Microsoft ( MSFT) estimates lowered at Goldman through 2014. Company is seeing higher operating costs. Neutral rating $29 price target. Microsoft estimates lowered at UBS through 2013 on Skype and revenue mix shift, UBS said. Maintain $33 price target and Buy rating. National Penn Bancshares ( NPBC) downgraded at Guggenheim from Buy to Neutral. $8 price target. Current premium valuation reflects earnings profile. Newfield Exploration ( NFX) numbers cut at Jefferies. Shares of NFX now seen reaching $44. Estimates also reduced, as the company is seeing limited growth opportunities. Hold rating. Noble ( NE) estimates, target cut at Credit Suisse. Shares of NE now seen reaching $49. Estimates also reduced, as the company is seeing higher unanticipated downtime. Outperform rating. Noble Corporation estimates lowered at UBS through 2012. Reflects below the line items, including higher SG&A. Maintain $42 price target and Buy rating. Nucor ( NUE) estimates, target cut at Jefferies. Shares of NUE now seen reaching $45. Estimates also reduced, given lower expected steel demand. Pall ( PLL) added to Focus List at Credit Suisse. $61 price target. Company is cutting costs and can generate solid near-term growth. Penn National Gaming ( PENN) downgraded at Brean Murray from Buy to Hold. 3Q trends remain solid, but note of caution on growth trajectory will likely depress valuation. Philip Morris ( PM) numbers raised at Morgan Stanley. Shares of PM now seen reaching $78. Estimates also increased, as the company is posting solid growth across the board. Overweight rating. Raymond James ( RJF) numbers increased at Goldman. RJF estimates were raised through 2013. Investment banking remains strong. Neutral rating and new $32 price target. SanDisk ( SNDK) estimates adjusted at UBS through 2012. Upside Q3 results with solid demand outlook heading into 2012. Buy rating.
Seagate Technology ( STX) upgraded at Baird from Neutral to Outperform. $17 price target. Company can take market share in the coming quarters.Southwest ( LUV) numbers raised at UBS. Shares of LUV now seen reaching $10. Estimates also increased on top line performance. Maintain Neutral rating. TCF Financial ( TCB) upgraded at Oppenheimer from Perform to Outperform. Pressure on fees now taking a backseat. TIBCO Software ( TIBX) rated new Buy at Think. $32 price target. Increasing adoption of mobility driving business. UHS ( UHS) estimates lowered at UBS through 2012. Volumes remain weak despite easier comps. Maintain $55 price target and Buy rating. Union Pacific ( UNP) estimates raised at Citigroup through 2012. Strong quarter in a challenging market, incrementals accelerate. Maintain $106 price target and Buy rating. Union Pacific numbers raised at Credit Suisse. Shares of UNP now seen reaching $120. Estimates also increased, given higher realized yields. Outperform rating. Walt Disney ( DIS) numbers reduced at Morgan Stanley. DIS estimates were cut through 2013. Company lowered its guidance. Overweight rating and new $40 price target. Wynn Resorts ( WYNN) upgraded at BMO from Market Perform to Outperform. $167 price target. Earnings, cash flow, Cotai, all catalysts for valuation.