Agilysys ( AGYS) upgraded to hold at TheStreet Ratings.

Air Products ( APD) downgraded at Baird from Outperform to Neutral, Robert Baird said. $95 price target. End-market exposure remains challenging and long-term growth targets may need to be lowered.

Bemis ( BMS) upgraded at BofA/Merrill from Underperform to Buy, Bank of America/Merrill Lynch said. $36 price target. Macro outlook makes defensive stocks more attractive.

Cypress Semiconductor ( CY) rated new Sell at Cantor Fitzgerald. $11 price target. Company trades at a premium to its peers, but faces long-term competitive issues.

Dick's Sporting ( DKS) rated new Equal-weight at Morgan Stanley. Valuation call.

Dynatronics ( DYNT) downgraded to sell at TheStreet Ratings.

Frontier Communications ( FTR) upgraded at BofA/Merrill from Underperform to Neutral, Bank of America/Merrill Lynch said. $3.50 price target. Company has softened its leverage outlook, which should help support the dividend.

WW Grainger ( GWW) upgraded at UBS to Buy from Neutral, UBS said. $225 price target. Pullback on Amazon anxiety enables entry into high quality growth stock.

Jack in the Box ( JACK - Get Report) upgraded at Jefferies to Buy from Hold, Jeffeies said. $31 price target. Unlocking value and growth.

Kinder-Morgan ( KMI) upgraded at Morgan Stanley from Equal-weight to Overweight, Morgan Stanley said. $42 price target. Recent pullback has created a buying opportunity. Company can post double-digit dividend growth and is yielding 4%.

Navistar ( NAV - Get Report) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $35 price target. Company posted a surprise loss and has limited near-term visibility.

Onyx Pharmaceuticals ( ONXX) upgraded at BofA/Merrill from Neutral to Buy. $57 price target. More bullish on Krypolis prospects, following ASCO.

Pall ( PLL) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. Valuation call, based on a $55 price target.

Praxair ( PX) upgraded at Baird from Neutral to Outperform, Robert Baird said. $124 price target. Growth should accelerate in the second half of the year.

Suntrust Banks ( STI - Get Report) upgraded at Argus from Hold to Buy, Argus said. $30 price target. Company is leveraged to improving economic conditions in Florida.


Halliburton ( HAL - Get Report) estimates cut at Sterne Agee through 2013, Sterne Agee said. Higher guar costs will hurt margins. Buy rating and $48 price target.

Lululemon ( LULU - Get Report) target cut at UBS to $86, UBS said. Still view 2Q comp guidance as conservative. Buy rating.

Lululemon numbers lowered at Jefferies.Shares of LULU now seen reaching $73, Jefferies said. Estimates also lowered second quarter outlook. Hold rating.

MasterCard ( MA) estimates, target cut at Guggenheim. Shares of MA now seen reaching $510, according to Guggenheim. Estimates also reduced, given the stronger dollar. Buy rating.

Navistar ( NAV - Get Report) numbers cut at UBS. Shares of NAV now seen reaching $34, UBS said. Estimates also lowered on 2Q miss. Buy rating.

Pall ( PLL) estimates, target reduced at Credit Suisse. Shares of PLL now seen reaching $64, according to Credit Suisse. Estimates also cut, as the company faces near-term growth headwinds. Outperform rating.

Progress Software ( PRGS - Get Report) numbers cut at JMP through 2013, JMP Securities said. Company is leveraged to slower macro growth and is trying to restructure. Outperform rating and new $25 price target.

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This article was written by a staff member of TheStreet.