NEW YORK ( TheStreet) -- CHANGE IN RATINGS Advanced Micro Devices ( AMD) downgraded to sell at TheStreet Ratings. Accuray ( ARAY) upgraded to hold at TheStreet Ratings. Apollo ( APOL) downgraded at Deutsche from Hold to Sell, Deutsche Bank said. $25 price target. Company is facing increased competitive pressures. Carefusion ( CFN) rated new Buy at ThinkEquity. $30 price target. Company can continue to deliver solid organic growth over the next few quarters. Chemtura ( CHMT) rated new Buy at Lazard. $25 price target. Company is positioned well to deliver solid margin growth. Denbury Resources ( DNR) upgraded at Sterne Agee to Buy, Sterne Agee said. $20 price target. Company is leveraged to higher gulf coast crude pricing. DSW ( DSW) rated new Neutral at Credit Suisse. Valuation call, based on a $70 price target. First Horizon ( FHN) downgraded at Guggenheim to Neutral, Guggenheim said. Valuation call, as the stock is up 10% since May. Foot Locker ( FL) rated new Outperform at Credit Suisse. $43 price target. Company is carrying a lot of sales momentum into the second half of the year. Green Mountain ( GMCR) rated new Buy at Lazard. $39 price target. K-Cup should continue to drive growth over the next several quarters. Gartner ( IT) downgraded at Lazard from Buy to Neutral, Lazard said. Valuation call, as the stock is up 47% year-to-date. Jacobs Engineering ( JEC) downgraded at Lazard from Buy to Neutral, Lazard said. Valuation call, as the company will likely struggle to expand its multiple. Nvidia ( NVDA) downgraded at Cantor from Buy to Hold, Cantor Fitzgerald said. $13.50 price target. Company is leveraged to slower growth in the PC market. Priceline.com ( PCLN) upgraded at Nomura from Neutral to Buy, Nomura said. $740 price target. Company should continue to expand its reach across the globe in the coming quarters. Packaging Corp. ( PKG) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. Company is leveraged to higher containerboard prices. Patterson-UTI ( PTEN) upgraded at BMO from Underperform to Outperform, BMO Capital said. $20 price target. Consensus earnings expectations have come down to a more reasonable level. Rock-Tenn ( RKT) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Stock was also placed on the Conviction List. $83 price target. Company is leveraged to higher containerboard prices.
Suntrust Banks ( STI) upgraded at BMO from Market Perform to Outperform, BMO Capital said. $35 price target. Estimates also boosted, as the company is improving its balance sheet. Solarwinds ( SWI) rated new Market Perform at BMO. $60 price target. Demand in the core network management software market appears to have softened. Teco Energy ( TE) downgraded at UBS to Sell from Neutral, Citigroup said. $51 price target. Estimates also cut, given lower expected production. Weyerhaeuser ( WY) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Company was also cut from the Conviction List. Valuation call, based on a $27 price target. Alleghany ( Y) rated new Market Perform at JMP. Company lacks near-term catalysts. Zimmer ( ZMH) upgraded at Bernstein from Market Perform to Outperform, Bernstein said. Valuation call, based on a $76 price target.
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STOCK COMMENTS / EPS CHANGESAmazon.com ( AMZN) target raised at Lazard to $300, according to Lazard. New Kindle lineup can drive near-term growth. Buy rating. Cooper ( COO) estimates, target increased at JP Morgan. COO estimates were raised through 2014, JP Morgan said. Company boosted its guidance. Overweight rating and new $100 price target. Snyder's-Lance ( LNCE) numbers boosted at Deutsche. Shares of LNCE now seen reaching $25, according to Deutsche Bank. Estimates also upped, Snack Factory acquisition should add to earnings. Market Perform rating. QLogic ( QLGC) estimates, target upped at ThinkEquity. QLGC estimates were boosted through 2014, ThinkEquity said. Mt. Rainier project could be a solid future growth driver. Hold rating and new $13 price target. Wolverine ( WWW) estimates, target cut at Credit Suisse. Shares of WWW now seen reaching $48, according to Credit Suisse. Estimates also reduced, given lower realized demand. Outperform rating.
STRATEGY CALLS / MARKET CALLSS&P 500 target upped at Credit Suisse. SPX now seen reaching 1,500 by the end of 2012, Credit Suisse said. If volumes remain weak, there could be a sharp move in the markets-- likely to the upside. Also setting a mid-2013 target of 1,520. >To submit a news tip, email: firstname.lastname@example.org.
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