Analysts' Actions: AXP, AOS, FFIV, EBAY

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

AO Smith ( AOS) downgraded at Keybanc to Hold. Valuation call, as the stock has gained 24% year-to-date.

AO Smith downgraded at Sterne Agee to Neutral, Sterne Agee said. Valuation call, based on a $55 price target.

AO Smith downgraded at Wedbush from Outperform to Neutral, Wedbush said. $51 price target. China appears to be slowing down.

Athenahealth ( ATHN) upgraded at Citigroup to Buy from Neutral, Citigroup said. $110 price target. HMA deal takes enterprise business to light speed.

American Express ( AXP) downgraded at Guggenheim from Buy to Neutral, Guggenheim said. Estimates also cut, as global spending trends appear to be weakening. $63 price target.

3D Systems ( DDD) downgraded at JP Morgan from Neutral to Underweight, JP Morgan said. $34.50 price target. Valuation call, as the stock has gained 148% year-to-date.

DSW ( DSW) rated new Hold at Benchmark. $60 price target. Uncertain macro environment could weigh on margins.

East West Bancorp ( EWBC) downgraded at Sterne Agee to Neutral, Sterne Agee said. Valuation call, as the company lacks near-term catalysts. $25 price target.

Knight Capital ( KCG) ( KCG) downgraded at KBW to Market Perform, Keefe, Bruyette & Woods said. $12 price target. Estimates also cut, as the company is realizing lower profitability.

News Corp ( NWS.a) upgraded at Citigroup to Buy from Neutral, Citigroup said. $26 price target. The split simplifies and highlights value.

Public Service Enterprise Group ( PEG) downgraded at Citigroup to Neutral from Buy, Citigroup said. $33 price target. Valuation call.

Quanta Services ( PWR) downgraded at Goldman to Sell from Neutral, Goldman Sachs said. Risk/reward skewed negatively.

Sally Beauty ( SBH) upgraded at Caris from Above Average to Buy. Stock is attractive, following a 7% decline. Company may soon return cash to shareholders.

Skyworks ( SWKS) upgraded at Sterne Agee to Buy, Sterne Agee said. $31 price target. Handset market should improve in the second half of the year.

Skyworks downgraded at Needham from Buy to Hold, Needham said. Valuation call, as the company is realizing lower gross margin.

Theravance ( THRX) downgraded at Bernstein from Outperform to Market Perform, Bernstein said. Valuation call, based on a $28 price target.

STOCK COMMENTS / EPS CHANGES

Albermarle ( ALB) estimates, target cut at Sterne Agee. Shares of ALB now seen reaching $70, according to Sterne Agee. Estimates also reduced, given a slower economic outlook for the second half of the year.

Altera ( ALTR) estimates, target reduced at BMO. ALTR estimates were cut through 2013, BMO Capital said. Company is realizing lower sales. Outperform rating and new $38 price target.

Blackrock ( BLK) estimates, target raised at Credit Suisse. Shares of BLK now seen reaching $196, according to Credit Suisse. Estimates also increased, given improved operating momentum. Neutral rating.

eBay ( EBAY) target boosted at Morgan Stanley to $50, according to Morgan Stanley. Company is seeing increasing purchase frequency. Overweight rating.

F5 Networks ( FFIV) numbers reduced at Nomura. FFIV estimates were cut through 2014, Nomura said. Company is being hurt by macro headwinds. Neutral rating and new $109 price target.

F5 Networks estimates cut at Citigroup through 2013, Citigroup said. Outlook below consensus, but a relief given climate. Buy rating and $130 price target.

Fulton Financial ( FULT) numbers reduced at Guggenheim. Shares of FULT now seen reaching $11.50, according to Guggenheim. Estimates also cut, as the company is realizing higher expenses. Buy rating.

WW Grainger ( GWW) numbers raised at UBS.Shares of GWW now seen reaching $231, UBS said. Estimates also increased on 2Q growth and better cost controls.

Honeywell ( HON) numbers raised at UBS. Shares of HON now seen reaching $61, UBS said. Estimates also increased as 2Q beats and outlook improves despite macro.

IBM ( IBM) estimates, target raised at BMO. Shares of IBM now seen reaching $205, according to BMO Capital. Estimates also increased, as the company is cutting costs. Market Perform rating.

KBR ( KBR) removed from Americas CL at Goldman. Reiterate Buy rating. 2012/2013 EPS too high.

Qualcomm ( QCOM) estimates reduced at BofA/Merrill through 2013, Bank of America/Merrill Lynch said. Company is seeing lower MSM shipments and higher expenses. Buy rating and $75 price target.

Stanley Black & Decker ( SWK) numbers cut at Morgan Stanley. Shares of SWK now seen reaching $75, according to Morgan Stanley. Estimates also reduced, given slower Security and Industrial growth. Equal-weight rating.

Skyworks ( SWKS) estimates, target raised at ThinkEquity. Shares of SWKS now seen reaching $36, according to ThinkEquity. Estimates also increased, given the company's new guidance. Buy rating.

US Bancorp ( USB) numbers upped at BMO. USB estimates were boosted through 2013, BMO Capital said. Company is seeing higher loan growth and mortgage banking results. Market Perform rating and new $36 price target.

Xilinx ( XLN) estimates, target cut at BMO. Shares of XLNX now seen reaching $38, according to BMO Capital. Estimates also reduced, as the company is realizing lower sales. Outperform rating.

>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.

More from Stocks

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

Why Starbucks Latest Data Reveal Should Worry Investors

Why Starbucks Latest Data Reveal Should Worry Investors