NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Apple ( AAPL - Get Report) was initiated with an Outperform rating at FBR Capital Markets. Macro environment should improve in the second half of the year, FBR said.

Arch Coal ( ACI) was downgraded at UBS to Neutral from Buy. $15 price target. Lower thermal deck price, UBS said.

Amerigroup ( AGP) was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. $81 price target. Company can deliver solid organic growth, BofA/Merrill said.

American Science & Engineering ( ASEI) upgraded to buy at TheStreet Ratings.

BlackRock ( BLK - Get Report) was downgraded at Citigroup to Neutral from Buy. $193 price target. ETR has thinned following recent run-up, Citigroup said.

Crown Castle ( CCI) was upgraded at Evercore from Equal-Weight to Overweight. Valuation call, based on a $54 price target, Evercore said.

EQT ( EQT) was initiated with a Hold rating at Deutsche Bank. $64 price target.

Flextronics International ( FLEX) upgraded to buy at TheStreet Ratings.

Fortune Brands ( FBHS - Get Report) was initiated with a Hold rating at Keybanc. Higher pricing could hurt near-term results, Keybanc said.

Huntington Bancshares ( HBAN) was downgraded at Morgan Keegan from Outperform to Market Perform. $6.25 price target. Near-term earnings growth could be limited, Morgan Keegan said.

Humana ( HUM) was downgraded at Wells Fargo from Outperform to Market Perform. More cautious outlook for Medicare Advantage, Wells said.

Intel ( INTC - Get Report) was downgraded at Kaufman Bros. to Hold. Company lacks potential margin leverage, Kaufman Bros. said. $26 price target.

Johnson Controls ( JCI) was downgraded at JP Morgan from Overweight to Neutral. $35 price target. See further downside earnings risk, JP Morgan said.

Johnson Controls was downgraded at Needham from Strong Buy to Buy. $40 price target. Warm weather and exposure to Europe will hurt near-term demand, Needham said.

JDS Uniphase ( JDSU) was upgraded at Stifel Nicolaus from Hold to Buy. $17 price target. Company can gain market share in the coming quarters, Stifel Nicolaus said.

Lockheed Martin ( LMT) was downgraded at Bank of America/Merrill Lynch from Neutral to Underperform. Valuation call, based on an $83 price target, BofA/Merrill said.

Noble ( NE) was upgraded at Deutsche Bank from Hold to Buy. $48 price target. North American business should remain strong, Deutsche said.

ON Semiconductor ( ONNN) was downgraded at Needham from Buy to Hold. Valuation call.

PG&E ( PCG) was downgraded at Wells Fargo to Market Perform. Valuation call.

Raytheon ( RTN) was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. Valuation call, based on a $55 price target.

SBA Communications ( SBAC) was downgraded at Evercore Partners to Equal-weight. Valuation call, based on a $49 price target, Evercore Partners said.

Scientific Games ( SGMS) was downgraded at Brean Murray from Buy to Hold. Estimates also cut, given a recent contract loss, Brean Murray said.

Salix ( SLXP) was downgraded at Stifel Nicolaus from Buy to Hold. Valuation call.

Texas Instruments ( TXN) was downgraded from Buy to Hold at Needham. Expect an in-line quarter and flat guidance, Needham said.

Webster Financial ( WBS) was downgraded at Stifel Nicolaus from Buy to Hold. Valuation call.

Wellcare Health ( WCG) was upgraded from Neutral to Buy at Bank of America/Merrill Lynch. $68 price target. Company is leveraged to both Medicare and Medicaid growth, BofA/Merrill said.

STOCK COMMENTS / EPS CHANGES

Alpha Natural Resources ( ANR) numbers were lowered at Jefferies. Shares are now seen reaching $28, Jefferies said. Estimates also lowered on somber 2012 guidance. Buy rating.

American Express ( AXP - Get Report) numbers were increased at Morgan Stanley through 2013. Company is keeping a tight lid on costs, Morgan Stanley said. Equal-weight rating and new $53 price target.

Bank of America ( BAC) estimates were cut at Evercore through 2013. Company is seeing lower market-sensitive fees, Evercore said. Overweight rating and $8 price target.

Blackrock estimates and target were raised at Morgan Stanley. Shares are now seen reaching $204. Estimates were also increased, as the company is seeing higher asset inflows, Morgan Stanley said. Overweight rating.

Blackrock estimates, target cut at Goldman Sachs through 2013. Company is realizing lower fee income, Goldman said. Buy rating and new $198 price target.

Cubist Pharmaceuticals ( CBST) numbers raised at Jefferies. Shares of CBST now seen reaching $50. Estimates also raised on good 2012 guidance, Jefferies said. Buy rating.

Capital One ( COF) numbers were lowered at Goldman Sachs. Shares are now seen reaching $50. Estimates were also cut, as the company is facing higher costs, Goldman said.

Capital One target was lowered at Oppenheimer. Shares are now seen reaching $55. Poor quarterly results, Oppenheimer said. Outperform rating.

Cablevision ( CVC) estimates, target were cut at Morgan Stanley. Shares are now seen reaching $16. Estimates also reduced, given increased competition, Morgan Stanley said. Underweight rating.

Walt Disney ( DIS) numbers were boosted at JP Morgan. Shares are now seen reaching $45. Estimates were also increased, given the company's upbeat outlook, JP Morgan said. Overweight rating.

Ecolab ( ECL) numbers were raised at Jefferies. Shares of ECL are now seen reaching $70, Jefferies said. Estimates were also raised on Nalco synergies and buybacks. Buy rating.

Fairchild Semiconductor ( FCS) numbers were lowered at Credit Suisse. Shares are now seen reaching $13, according to Credit Suisse. Estimates also cut, to match the company's new guidance. Underperform rating.

Flextronics ( FLEX) estimates lowered at Citigroup through 2013. Disappointing outlook and lower margins. Maintain $7 price target and Neutral rating.

Google ( GOOG) estimates, target reduced at Benchmark. Shares of GOOG are now seen reaching $625, according to Benchmark. Estimates were also cut, given slower business in Europe. Hold rating.

Google estimates were lowered at Oppenheimer through 2012. Poor quarterly results, Oppenheimer said. Outperform rating.

Google estimates were lowered at Citigroup through 2013 on weak fourth-quarter results. Maintain Buy rating and $680 price target.

W.W. Grainger ( GWW) numbers were raised at UBS. Shares are now seen reaching $210. Estimates were also increased on accelerating share gains and pricing. Neutral rating.

Huntington Bancshares ( HBAN) numbers were raised at UBS. Shares of HBAN are now seen reaching $6, according to UBS. Estimates also increased on NIM expansion driven by favorable mix shift. Neutral rating.

IBM ( IBM) shares are now seen reaching $185 at UBS. Estimates were also increased on better margins and lower share count. Neutral rating.

IBM estimates were raised through 2013, BMO Capital said. Company is cutting costs. Market Perform rating and new $192 price target.

Intel estimates, target were boosted at Credit Suisse. Shares are now seen reaching $35, according to Credit Suisse. Estimates were also increased, as the company is investing in future growth, Credit Suisse said. Outperform rating.

Intel estimates, target were increased at UBS. Shares are now seen reaching $31. Estimates were also increased as the product cycle strength bolsters outlook. Buy rating.

Intel numbers were raised at Jefferies. Shares are now seen reaching $27. Estimates were also raised on higher gross margin outlook. Hold rating.

Intel estimates were reduced at BMO Capital through 2013. Company is spending more on future growth, BMO Capital said. Market Perform rating and $24 price target.

Intuitive Surgical ( ISRG) numbers were raised at JMP Securities. Shares are now seen reaching $560. Estimates were also increased, given stronger realized sales, JMP said. Outperform rating.

Johnson Controls was cut from the Priority Stock List at Wells Fargo. Company lacks near-term catalysts, Wells said.

Knight Capital ( KCG) numbers were boosted at Goldman Sachs. Shares are now seen reaching $14. Estimates were also increased, as the company is cutting costs, Goldman said. Neutral rating.

Morgan Stanley ( MS) numbers were cut at Credit Suisse. Shares are now seen reaching $26. Estimates were also reduced, as margins remain low, Credit Suisse said. Outperform rating.

Morgan Stanley numbers were increased at Goldman Sachs through 2013. Company appears to be gaining market share, Goldman said. Neutral rating and new $20 price target, Goldman said.

Plexus ( PLXS) estimates, target raised at Goldman Sachs. Shares are now seen reaching $32. Estimates were also increased, as the Kontron purchase should add to earnings, Goldman said. Neutral rating.

Tiffany ( TIF) estimates, target were reduced at Sterne Agee through 2013. Company is facing tough comps in the coming quarters, Sterne Agee said. Buy rating and new $77 price target.

Union Pacific ( UNP) numbers were increased at JP Morgan through 2013. Estimates were also boosted, as the company is cutting costs, JP Morgan said. Overweight rating and new $133 price target.

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This article was written by a staff member of TheStreet.