Analysts' Actions: AWK, NLY, RF, PGR

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

American Water ( AWK) was upgraded at Robert Baird from Neutral to Outperform. $41 price target. Company is keeping a tight lid on costs and increasing operating efficiency, Baird said.

Annaly Capital ( NLY) was downgraded at FBR Capital Markets from Market Perform to Underperform. Company is leveraged to prepayment risk, FBR said.

Eldorado Gold ( EGO) was downgraded to Hold at TheStreet Ratings.

Giant Interactive ( GA) was downgraded to Hold at TheStreet Ratings.

Progressive ( PGR) was downgraded at Credit Suisse from Outperform to Neutral. $18 price target. Company is seeing higher costs and underwriting losses, Credit Suisse said.

Regions Financial ( RF) was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. $8 price target. Stock continues to trade at a discount to its peers, BofA/Merrill said.

Wellcare ( WCG) was upgraded at Wedbush from Neutral to Outperform. $72 price target. Company has attractive assets and margin stability but trades at a discount, Wedbush said.

STOCK COMMENTS / EPS CHANGES

Agrium ( AGU) numbers were raised at UBS. Shares are now seen reaching $110. Estimates were also raised to reflect scheduled C$900 million share buyback, UBS said. Buy rating.

Health Net ( HNT) numbers were reduced at Cantor Fitzgerald. Estimates were also cut, given the company's underwriting problems, Cantor said. Hold rating.

MarkWest Energy ( MWE) numbers were cut at UBS. Shares are now seen reaching $57. Estimates were also lowered on lackluster second-quarter results, UBS said. Buy rating.

NYSE Euronext ( NYX) numbers were lowered at UBS. Shares are now seen reaching $32. Estimates were also lowered on decreased volume assumptions for all businesses except U.S. cash, UBS said. Buy rating.

SBA Communications ( NYX) numbers raised at Deutsche Bank. Shares are now seen reaching $72. Estimates were also increased, given the company's new guidance. Buy rating.

Target ( TGT) numbers were raised at UBS. Shares are now seen reaching $71. Estimates were also increased on solid setup into second-quarter EPS results, UBS said. Buy rating.

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This article was written by a staff member of TheStreet.

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