NEW YORK ( TheStreet) -- CHANGE IN RATINGSAXT ( AXTI) is downgraded to hold at TheStreet Ratings. HomeAway ( AWAY) was initiated with a neutral rating at Credit Suisse. Valuation call, based on a $28 price target. Beam ( BEAM) was initiated with a neutral rating at JPMorgan. $54 price target. Stock is also pricing in solid expected growth. Cloud Peak ( CLD) was initiated with a neutral rating at Goldman Sachs. $24 price target. Company is performing well in a difficult environment. Douglas Emmett ( DEI) was initiated with a buy rating at Keybanc. $22 price target. Company has an attractive portfolio, but trades at a discount to its peers. F5 Networks ( FFIV) was upgraded to outperform from perform at Oppenheimer. $125 price target. Positioning for 2012.
Goldman Sachs ( GS) was initiated with an equal-weight rating at Evercore. $100 price target. Growth/return profiles unlikely to return anytime soon. KLA-Tencor ( KLAC) was upgraded to overweight at JPMorgan. Industry fundamentals appear to be at a bottom. Morgan Stanley ( MS) was initiated with an equal-weight rating at Evercore. $17 price target. Many uncertainties from regulatory and macro perspective. Novellus ( NVLS) was downgraded to neutral at JPMorgan. OGE Energy ( OGE) was upgraded to buy from hold at Jefferies. $59.50 price target. Recent EPA decision regarding region haze will boost earnings of regulated utility. OpenTable ( OPEN) was initiated with an outperform rating at Credit Suisse. $49 price target. Stock is attractive, following a 65% decline. AT&T ( T) was downgraded at JPMorgan to neutral from overweight. New analyst also has a $31 price target. Torchmark ( TMK) was initiated with an equal-weight rating at Evercore. $48 price target. Solid FCF generator with modest growth.
STOCK COMMENTS / EPS CHANGES
Alcoa ( AA) price target lowered to $9.50 at UBS. Lowering estimates to reflect lower realized pricing, FX, and macro outlook. Neutral rating. Agco ( AGCO) estimates, target raised at Credit Suisse. Shares of AGCO now seen reaching $47, according to Credit Suisse. Estimates also increased, as the GSI purchase should add to earnings. Neutral rating. Actuant ( ATU) numbers lowered at Jefferies. Shares of ATU now seen reaching $30, Jefferies said. Estimates also lowered on slower growth in Europe. Buy rating. Bed Bath & Beyond ( BBBY) numbers raised at Jefferies. Shares of BBBY now seen reaching $72, Jefferies said. Estimates also raised on strong November performance. Buy rating.