Analysts' Actions: IBM ADSK AEO BIG HD

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Autodesk ( ADSK) downgraded at BofA/Merrill to Underperform, Bank of America/Merrill Lynch said. $32 price target. Estimates also cut, as growth headwinds will likely persist.

Autodesk downgraded at Canaccord to Hold. $32 price target. Estimates also cut, given the company's new guidance.

Autodesk downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $32.50 price target. Growth thesis has eroded.

American Eagle ( AEO) upgraded at BofA/Merrill from Underperform to Neutral, Bank of America/Merrill Lynch said. $24 price target. Estimates also boosted, given lower competitive pressures.

Alexion Pharmaceuticals ( ALXN) rated new Hold at ThinkEquity. $105 price target. Soliris sales growth may begin to mature.

Aruba Networks ( ARUN) downgraded to sell at TheStreet Ratings.

Sothebys ( BID) upgraded to buy at TheStreet Ratings.

Big Lots ( BIG) downgraded at Benchmark from Buy to Hold, Benchmark said. $33 price target. Consumers are seeing lower discretionary income.

Bristol-Myers ( BMY) upgraded at BofA/Merrill to Buy, Bank of America/Merrill Lynch said. $36 price target. Valuation call, as the stock is down 9% year-to-date.

Federated Investors ( FII) upgraded at Citigroup to Buy, Citigroup said. $25 price target. High money market exposure is a plus in the current environment.

Merck ( MRK) downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $45 price target. Valuation call, as the stock is up 14% year-to-date.

Swift Transportation ( SWFT) rated new Hold at Dahlman. Have near-term concerns about the trucking industry.

TCF Financial ( TCB) upgraded at BMO to Outperform, BMO Capital said. $13 price target. Management is successfully turning the business around.

Tripadvisor ( TRIP) upgraded at Citigroup from Neutral to Buy. $44 price target. Valuation call, as the stock is down 30% from its July highs.

STOCK COMMENTS / EPS CHANGES

Autodesk ( ADSK) numbers lowered at Jefferies. Shares of ADSK now seen reaching $37, Jefferies said. Estimates also lowered on a big step back. Buy rating.

Aruba Networks ( ARUN) numbers upped at Lazard. ARUN estimates were boosted through 2013, Lazard said. Company boosted its guidance. Buy rating and new $24 price target.

Allegheny Technologies ( ATI) numbers cut at Keybanc. ATI estimates were reduced through 2013, Keybanc said. Company is leveraged to slower macro growth. Buy rating and new $45 price target.

Globe Specialty Metals ( GSM) numbers raised at Oppenheimer. Shares of GSM now seen reaching $17, Oppenheimer said. Estimates also raised on price stabilization. Outperform rating.

Hain Celestial ( HAIN) target raised at Jefferies. Shares of HAIN now seen reaching $80, Jefferies said. Strong fourth quarter driven by the U.S. Buy rating.

Home Depot ( HD) target raised at BofA/Merrill to $70, according to Bank of America/Merrill Lynch said. Multi-year renovation cycle remains intact. Buy rating.

IBM ( IBM) estimates, target reduced at JP Morgan. IBM estimates were cut through 2013, JP Morgan said. Company is leveraged to slower growth overseas. Overweight rating and new $215 price target.

Olin ( OLN) estimates, target increased at UBS. OLN estimates were raised through 2013, UBS said. Estimates also raised, as the KA Steel purchase should add to earnings. Neutral rating and new $22 price target.

Watson Pharmaceuticals ( WPI) numbers boosted at Morgan Stanley. Shares of WPI now seen reaching $87, according to Morgan Stanley. Estimates also upped, given the FDA approval of generic Lidoderm. Overweight 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.