Analysts' Actions: AAPL CAT DELL IBM HPQ

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Apple ( AAPL) rated new Neutral at Nomura. $710 price target. Growth could decelerate by 2014.

Allot Communications ( ALLT) upgraded at Jefferies to Buy from Hold, Jefferies said. $30 price target. Verizon will soon begin ramping.

Aruba Networks ( ARUN) upgraded to hold at TheStreet Ratings.

HomeAway ( AWAY) upgraded to hold at TheStreet Ratings.

Cardinal Health ( CAH) upgraded at ISI from Market Weight to Overweight, ISI Group said. $46 price target. Stock is already factoring in pricing fears with WAG and CVS.

Caterpillar ( CAT) rated new Neutral at Piper. $90 price target. Mining segment is a long term strength, but an overhang in 2013.

Cymer ( CYMI) rated new Outperform at CLSA. $60 price target. Leading stepper light source supplier.

Dell ( DELL) rated new Sell at Citigroup. $8.50 price target. BYOD trends should pressure shares.

DirecTV ( DTV) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $58 price target. Company will likely buy back fewer shares in the coming quarters.

Edison International ( EIX) downgraded at Jefferies to Hold from Buy, Jefferies said. $51 price target. Valuation call.

Evercore Partners ( EVR) rated new Neutral at UBS. $28 price target. Dilution risk could limit support the yield provides to the stock.

Greenhill ( GHL) rated new Neutral at UBS. $52 price target. Premium valuations restored, further upside seems limited.

Hewlett-Packard ( HPQ) rated new Sell at Citigroup. $13.50 price target. Needs clear strategic direction and leadership.

IBM ( IBM) rated new Buy at Citigroup. $250 price target. One of the most compelling long term investments in tech.

Johnson & Johnson ( JNJ) downgraded at Goldman from Neutral to Sell, Goldman Sachs said. Valuation call, based on a $72 price target.

Lazard ( LAZ) rated new Sell at UBS. $25 price target. Solid mature business, but valuation and expectations stretched.

Eli Lilly ( LLY) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $54 price target. Sola could reach the market in 3 to 4 years.

Netflix ( NFLX) downgraded at BofA/Merrill from Buy to Underperform, Bank of America/Merrill Lynch said. $72 price target. Valuation call, as the stock is up 31% over the past two weeks.

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