Analysts' Actions: AA, AAPL, CVX, IBM, JNPR

AA Chart AA data by YCharts

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Alcoa ( AA) downgraded at BMO to Underperform, BMO Capital said. $8 price target. Company will likely continue to face upstream margin pressure.

Apple ( AAPL) rated new Buy at UBS. $740 price target. Growth driven by iPhone and emerging markets.

Amerigroup ( AGP) downgraded at Jefferies to Hold from Buy, Jefferies said. $92 price target. WellPoint buyout.

Allegiant Travel ( ALGT) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $90 price target. Industry sales are trending higher and airlines are paying lower fuel costs.

Amazon.com ( AMZN) rated new Market Perform at BMO. Valuation call, based on a $260 price target.

Bruker ( BRKR) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $16 price target. Industry has poor near-term risk/reward.

Cabot Microelectronics ( CCMP) downgraded to hold at TheStreet Ratings.

Comerica ( CMA) rated new Neutral at Guggenheim. Valuation call, based on a $35 price target.

EMC ( EMC) rated new Buy at UBS. $30 price target. Margin expansion likely on mix shift to software, new segments.

HMS Holdings ( HMSY) downgraded at Jefferies to Hold from Buy, Jefferies said. $32 price target. Valuation reflects improved growth visibility.

Hillenbrand ( HI) downgraded to hold at TheStreet Ratings.

IBM ( IBM) rated new Neutral at UBS. $205 price target. Fairly priced on EV/FCF and DCF.

Juniper Networks ( JNPR) rated new Market Perform at JMP Securities. Company is facing increased competition.

Life Technologies ( LIFE) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $46 price target. Company is facing macro headwinds to growth.

Life Time Fitness ( LTM) rated new Hold at Stifel. Valuation call.

Pinnacle West Capital ( PNW) downgraded at Citigroup to Neutral from Buy, Citigroup said. $52 price target. Valuation call.

Sigma-Aldrich ( SIAL) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $75 price target. Company is facing currency headwinds.

ViroPharma ( VPHM) rated new Market Perform at Wells. Manufacturing issues remain a near-term risk.

VOXX International ( VOXX) downgraded to hold at TheStreet Ratings.

Wendy's ( WEN) upgraded at Wedbush from Neutral to Outperform, Wedbush said. $5.50 price target. Fundamentals are improving and the company has potential catalysts.

Waste Management ( WM) downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. $30 price target. Stock has been strong, even though fundamentals remain poor.

STOCK COMMENTS / EPS CHANGES

Franklin Resources ( BEN) numbers raised at BMO. Shares of BEN now seen reaching $125, according to BMO Capital Markets. Estimates also increased, given better market performance. Market Perform rating.

Cummins ( CMI) estimates, target reduced at Sterne Agee. Shares of CMI now seen reaching $124, according to Sterne Agee. Estimates also cut, given the company's new guidance. Buy rating.

Chevron ( CVX) numbers cut at Citigroup. Shares of CVX now seen reaching $120, Citigroup said. Estimates also lowered to reflect lower oil. Buy rating.

Consolidated Edison ( ED) target raised at Jefferies to $64, Jefferies said. 2014 EPS of $3.90. Hold rating.

Fiserv ( FISV) target raised at Oppenheimer to $80, Oppenheimer said. Not seeing meaningful change in bank spending. Outperform rating.

Generac ( GNRC) target lowered at Oppenheimer to $27, Oppenheimer said. New awareness opportunity. Outperform rating.

PACCAR ( PCAR) numbers lowered at Jefferies. Shares of PCAR now seen reaching $48, Jefferies said. Estimates also lowered on Fx and truck forecasts. Buy rating.

Shaw ( SHAW) estimates, target reduced at JP Morgan. SHAW estimates were cut through 2013, JP Morgan said. E&C sale will cut into earnings. Neutral rating and new $31.50 price target.

>To submit a news tip, email: tips@thestreet.com.

READERS ALSO LIKE:


Follow TheStreet on Twitter and become a fan on Facebook.
This article was written by a staff member of TheStreet.