Analysts' Actions: BRCM, DD, X, PEP, MU

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Arch Coal ( ACI) downgraded at Brean from Buy to Hold, Brean Murray said. Company will struggle to sell uncommitted 2012 volumes.

AES Corporation ( AES) rated new Buy at UBS. $15 price target. New management looks to trim portfolio and simplify the equity story.

Buckeye Partners ( BPL) downgraded at Citigroup to Sell from Neutral, Citigroup said. $58 price target. High leverage and low distribution coverage.

Bunge ( BG) upgraded to Buy at TheStreet Ratings.

Broadcom ( BRCM) downgraded at Benchmark from Buy to Hold, Benchmark said. Valuation call, as the stock is up 28% year-to-date.

DuPont ( DD) rated new Equal-weight at Morgan Stanley. $56 price target. Risk/reward is balanced at current levels.

Credit Suisse Group ( CS) downgraded to sell at TheStreet Ratings.

Estee Lauder ( EL) downgraded at Citigroup to Neutral from Sell, Citigroup said. $64 price target. Higher investment spending and possible macro headwinds.

Ensco ( ESV) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company should see increased pricing.

First Solar ( FSLR) downgraded at Brigantine from Buy to Hold, Brignatine said. Valuation call, as installations have slown down in 2012.

FMC Technologies ( FTI) downgraded at Global Hunter from Buy to Neutral, Global Hunter said. Valuation call.

Marvell ( MRVL) downgraded at Benchmark from Buy to Hold, Benchmark said. Valuation call, as the stock is already pricing in potential near-term catalysts.

Noble ( NE) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Market for jackups and floaters remains tight.

NetApp ( NTAP) downgraded at ThinkEquity from Buy to Hold, ThinkEquity said. $42 price target. Company is facing increased competition and 8.1 product cycle is not ramping as quickly as expected.

Nvidia ( NVDA) upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. $20 price target. Stock appears to be at the bottom of its trading range.

Oceaneering International ( OII) upgraded at Goldman. OII was upgraded to Buy. Company was also placed on the Conviction List. Company has leverage to higher deepwater drilling activity.

Sandridge Energy ( SD) upgraded at Stifel from Hold to Buy, Stifel Nicolaus said. $10.50 price target. Company also added to the select list as the balance sheet has improved materially.

Steel Dynamics ( STLD) downgraded at Keybanc from Buy to Neutral, Keybanc said. Stock has outperformed the market in 2012, but the company lacks near-term catalysts.

True Religion Apparel ( TRLG) downgraded at Citigroup to Neutral from Buy, Citigroup said. $37 price target. International still in investment stage.

United Natural ( UNFI) upgraded at BMO from Market Perform to Outperform, BMO Capital said. $53 price target. Valuation call, based on a $53 price target.

Varian Medical ( VAR) upgraded at Baird from Neutral to Outperform, Robert Baird said. Valuation call, based on a $76 price target.

Watsco ( WSO) upgraded at UBS to Neutral from Sell, UBS said. $72 price target. Dividend raises value.

US Steel ( X) downgraded at Keybanc from Buy to Hold, Keybanc said. Stock has outperformed the broader market year-to-date, but pricing could soften.

STOCK COMMENTS / EPS CHANGES

American Electric ( AEP) numbers cut at BMO. Shares of AEP now seen reaching $41, according to BMO Capital. Estimates also reduced, as rates in Ohio continue to hang over the company.

CR Bard ( BCR) numbers boosted at Goldman. Shares of BCR now seen reaching $85, according to Goldman Sachs. Estimates also upped, given higher expected Gore royalties. Sell rating.

Bunge ( BG) estimates, target boosted at Credit Suisse. Shares of BG now seen reaching $80, according to Credit Suisse. Estimates also upped, given better crop visibility. Outperform rating.

Coca-Cola Enterprises ( CCE) numbers raised at Stifel. Shares of CCE now seen reaching $32, according to Stifel Nicolaus. Estimates also increased, as the company is seeing higher currency gains

Carefusion ( CFN) estimates, target upped at Goldman. CFN estimates were boosted through 2015, Goldman Sachs said. Company is buying back more stock. Neutral rating and new $26 price target.

Calpine Corporation ( CPN) target raised at Jefferies. Shares of CPN now seen reaching $16.50, Jefferies said. The increase in hedging helped the company to narrow its adjusted EBITDA. Hold rating.

Deere ( DE) estimates, target increased at Morgan Stanley. DE estimates were raised through 2014, Morgan Stanley said. Company will likely continue to gain market share. Underweight rating and new $77 price target.

Gamco Investors ( GBL) numbers increased at Goldman. GBL estimates were raised through 2013, Goldman Sachs said. Company is leveraged to higher equity returns.

Gardner Denver ( GDI) numbers cut at Credit Suisse. GDI estimates were reduced through 2013, Credit Suisse said. Company is seeing lower expected growth. Neutral rating and new $78 price target.

Michael Kors Holdings ( KORS) numbers raised at Jefferies. Shares of KORS now seen reaching $40, Jefferies said. Estimates also raised on strong holiday season. Buy rating.

LyondellBasell ( LYB) target raised at Jefferies to $53, Jefferies said. Outlook improving in the first half of 2012. Buy rating.

LyondellBasell estimates, target raised at Goldman. Shares of LYB now seen reaching $54, according to Goldman Sachs. Estimates also increased, as the company is realizing higher margins. Buy rating.

LyondellBasell numbers raised at UBS. Shares of LYB now seen reaching $50, according to UBS. Estimates also increased to reflect cheaper ethane. Buy rating.

Mattel ( MAT) target raised at UBS. MAT price target increased to $36, UBS said. Earnings outperformance poised to continue. Buy rating.

Merck ( MRK) estimates, target raised at Morgan Stanley. Shares of MRK now seen reaching $37, according to Morgan Stanley. Estimates also increased, given higher expectations for Vytorin. Equal-weight rating.

Micron Technology ( MU) target raised at Oppenheimer. Shares of MU now seen reaching $9.50, Oppenheimer said. Solid analyst day. Outperform rating.

Omega Healthcare Investors ( OHI) numbers raised at Jefferies. Shares of OHI now seen reaching $24, Jefferies said. Estimates also raised on risk of tenant rent defaults at OHI is low. Buy rating.

PepsiCo ( PEP) estimates lowered at UBS through 2013, UBS said. Strategy in place, but to early to tell if it will be successful. Neutral rating and $64 price target.

United Technologies ( UTX) added to US 1 List at BofA/Merrill. Valuation call, based on a $110 price target.

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This article was written by a staff member of TheStreet.