Analysts' Actions: IBM XRX INTC GS C

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

ADT ( ADT) rated new Outperform at Credit Suisse. $45 price target. Company has a low cost of capital and offers solid long-term value.

Apollo ( APOL) downgraded at BofA/Merrill to Neutral, Bank of America/Merrill Lynch said. $28 price target. Company faces a significant transition period, given slower industry growth and rising competition.

Alpha & Omega Semiconductor ( AOSL) downgraded to sell at TheStreet Ratings.

Badger Meter ( BMI) upgraded to buy at TheStreet Ratings.

Brown & Brown ( BRO) upgraded at KBW from Market Perform to Outperform, Keefe, Bruyette & Woods said. Valuation call, based on a $31 price target.

Cisco Systems ( CSCO) downgraded at Cantor from Buy to Hold, Cantor Fitzgerald said. $19.50 price target. Valuation call, as the stock is up 26% from its July lows.

Diebold ( DBD) downgraded at Compass Point from Buy to Neutral, Compass Point said. $33 price target. Company is seeing lower regional demand.

Diebold downgraded at JP Morgan from Neutral to Underweight, JP Morgan said. Valuation call, based on a $31 price target.

Fortinet ( FTNT) upgraded at Wunderlich from Hold to Buy, Wunderlich said. $28 price target. Stock is severely mispriced, after falling 18% in after-hours trading.

Mellanox ( MLNX) rated new Market Perform at JMP. Valuation call, as the stock has already tripled year-to-date.

National Bank ( NBHC) rated new Neutral at Sterne Agee. Valuation call.

Annaly Capital ( NLY) upgraded at Compass Point from Neutral to Buy, Compass Point said. $17 price target. Buyback should help set a floor for the stock.

Universal Display ( PANL) rated new Outperform at JMP. $50 price target. Company is a leader in the OLED market, which can double this year.

Packaging Corp. ( PKG) downgraded at BMO from Outperform to Market Perform, BMO Capital said. $38 price target. Valuation call, as the stock is up 54% from its lows.

PNC Financial ( PNC) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Lower net interest margin is weighing on earnings.

Sprint Nextel ( S) upgraded at Argus from Hold to Buy, Argus Research said. $7.50 price target. See arbitrage opportunity between the current price and Softbank's offer.

Xylem ( XYL) rated new Neutral at DA Davidson. Valuation call, based on a $28 price target.

STOCK COMMENTS / EPS CHANGES

Citigroup ( C) target raised at UBS to $39, UBS said. Conference call with new CEO leaves us more optimistic. Neutral rating.

Expedia ( EXPE) estimates, target boosted at Credit Suisse. Shares of EXPE now seen reaching $60, according to Credit Suisse. Estimates also upped, given a higher realized conversion rate. Neutral rating.

Fortinet ( FTNT) numbers lowered at Jefferies. Shares of FTNT now seen reaching $26, Jefferies said. Estimates also lowered on soft third quarter. Hold rating.

Goldman Sachs ( GS) estimates raised at UBS through 2012, UBS said. Focus on capital returns to remain on share buybacks. Neutral rating and $125 price target.

IBM ( IBM) estimates, target cut at BMO. IBM estimates were reduced through 2013, BMO Capital said. Company is seeing lower market demand. Market Perform rating and new $218 price target.

IBM estimates trimmed at Citigroup. IBM estimates lowered through 2013, Citigroup said. FX headwinds and softer economy. $250 price target and Buy rating.

Intel ( INTC) numbers cut at UBS. Shares of INTC now seen reaching $29, UBS said. Estimates also lowered on expected lower server processor growth, gross margin.

Intel numbers lowered at Jefferies. Shares of INTC now seen reaching $24, Jefferies said. Estimates also lowered on slower growth, lower margins. Hold rating.

Kroger ( KR) estimates, target raised at Guggenheim. Shares of KR now seen reaching $31, according to Guggenheim. Estimates also increased, given the company's new guidance. Buy rating.

PNC Financial ( PNC) numbers reduced at BMO. Shares of PNC now seen reaching $68, according to BMO Capital. Estimates also cut, given a lower realized net interest margin. Market Perform rating.

PNC Financial Services numbers lowered at Jefferies. Shares of PNC now seen reaching $72, Jefferies said. Estimates also lowered on limited catalysts. Buy rating.

Regeneron ( REGN) estimates, target raised at BofA/Merrill. Shares of REGN now seen reaching $190, according to Bank of America/Merrill Lynch said. Estimates also increased, given higher expected Eylea growth. Buy rating.

UnitedHealth ( UNH) estimates, target upped at BMO. UNH estimates were boosted through 2013, BMO Capital said. Company is seeing solid momentum across the board. Outperform rating and new $70 price target.

Xerox ( XRX) estimates, target increased at BMO. XRX estimates were raised through 2013, BMO Capital said. Company is keeping a tight lid on costs and buying back more stock. Market Perform rating.

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