NEW YORK ( TheStreet) -- CHANGE IN RATINGSApache ( APA) downgraded to hold at TheStreet Ratings. Ascena Retail ( ASNA) upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. $23 price target. Accretive acquisitions should help boost earnings. Shiner ( BEST) downgraded to sell at TheStreet Ratings. Boeing ( BA) upgraded at Bernstein to Outperform. $92 price target. Demand outlook remains strong, despite macro risks. Carlyle ( CG) rated new Neutral at Goldman. Valuation call, based on a $22 price target. Carlyle rated new Overweight at JP Morgan. $26 price target. Company is a market leader that generates stable earnings growth. Carlyle Group rated new Buy at UBS. $25 price target. Premier alternative manager poised to benefit from growing demand. Carlyle Group rated new Buy at Citigroup. $29 price target. Model built for consistent distributions. Centene ( CNC) downgraded at Cantor from Buy to Hold. $29 price target. Estimates also cut, given higher costs in new markets. HollyFrontier ( HFC) upgraded at Argus from Hold to Buy, Argus Research said. $40 price target. Company is realizing higher crack spreads. United Rentals ( URI) rated new Overweight at Morgan Stanley. URI was initiated with an Overweight rating, Morgan Stanley said. $46 price target. Company is leveraged to an eventual cyclical recovery.
STOCK COMMENTS / EPS CHANGES
Franklin Resources ( BEN) numbers reduced at BMO. Shares of BEN now seen reaching $126, according to BMO Capital. Estimates also cut, given lower asset flows. Market Perform rating. Finisar ( FNSR) estimates, target reduced at Morgan Stanley. Shares of FNSR now seen reaching $19, according to Morgan Stanley. Estimates also cut, as the company is losing market share and seeing lower prices in telecom. Overweight rating. Invesco ( IVZ) estimates, target reduced at BMO. IVZ estimates were cut through 2013, BMO Capital said. Company is hurt by lower market performance and currency headwinds. Outperform rating and new $27 price target. Qualcomm ( QCOM) estimates cut at BMO through 2012, BMO Capital said. Company is leveraged to lower unit sales at RIMM and HTC. Outperform rating and $77 price target. Spirit Airlines ( SAVE) numbers lowered at Citigroup. Shares of SAVE now seen reaching $27, Citigroup said. Estimates also lowered on slightly lower long term earnings growth rate. Buy rating.
Microsoft released upgrades and products Wednesday including "Surface Studio" for artists. Bill Gates, Microsoft's Co-Founder, appears below with an early computer running the Paint program, the first of its kind.