Analysts' Actions: BBT CVC ETN PEG EW

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Air Products ( APD) downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $86 price target. Company is facing margin and volume pressure in its merchant gas business.

BB&T ( BBT) downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. $32 price target. Estimates also cut, given the weaker economy and lower expected net interest margin.

BB&T upgraded at Citigroup to Buy from Neutral, Citigroup said. $35 price target. Increased transparency on purchase accounting.

Beam ( BEAM) upgraded at Morgan Stanley to Overweight, Morgan Stanley said. $64 price target. Recent pullback has created an attractive buying opportunity.

Cliffs Natural ( CLF) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call, based on a $45 price target.

Cablevision ( CVC) upgraded at BofA/Merrill from Hold to Buy, Bank of America/Merrill Lynch said. Company will likely raise rates, leading to higher sales in 2013. $23 price target.

DDR Corp ( DDR) downgraded at UBS to Neutral from Buy, UBS said. $16 price target. Catalysts are in the rear view mirror.

Eaton ( ETN) upgraded at MKM to Buy, MKM Partners said. Valuation call, based on a $57 price target.

Edwards Lifesciences ( EW) downgraded at Citigroup to Neutral from Buy, Citigroup said. $95 price target. EU issues will likely linger and impact near term ramp.

Owens & Minor ( OMI) downgraded at UBS to Sell from Neutral, UBS said. Negative datapoints for OMI's customer base.

Public Service ( PEG) downgraded at Credit Suisse from Neutral to Underperform, Credit Suisse said. $28.50 price target. Company is least leverages to a cyclical recovery in power demand.

Texas Industries ( TXI) upgraded at Sterne Agee from Underperform to Neutral, Sterne Agee said. Company is a potential takeover target.

United Natural ( UNFI) rated new Neutral at Goldman. Valuation call, based on a $57 price target.

Wendy's ( WEN) rated new Neutral at Credit Suisse. Company lacks visibility and will be hurt by higher beef costs. $4.50 price target.

Wright Express ( WXS) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. $76 price target. Estimates also boosted, given higher gas prices and the recent Fleet One purchase.

Dentsply ( XRAY) downgraded at UBS to Sell from Neutral, UBS said. $35 price target. Recent negative datapoints from Nobel and Align.

STOCK COMMENTS / EPS CHANGES

Air Products ( APD) target lowered at Jefferies to $94, Jefferies said. Shares will be range- bound into spring. Buy rating.

City National ( CYN) numbers raised at BMO. Shares of CYN now seen reaching $53, according to BMO Capital. Estimates also increased, as the company is seeing higher fee income. Market Perform rating.

Edwards Lifesciences ( EW) numbers reduced at Credit Suisse. Shares of EW now seen reaching $96, according to Credit Suisse. Estimates also cut, given lower TAVI expectations. Neutral rating.

Edwards Lifesciences numbers lowered at Jefferies. Shares of EW now seen reaching $100, Jefferies said. Estimates also lowered on near- term challenges. Buy rating.

Hain Celestial ( HAIN) numbers raised at Canaccord. Shares of HAIN now seen reaching $66, according to Canaccord. Estimates also increased, given the recent acquisition. Buy rating.

Honeywell International ( HON) target raised at Oppenheimer to $71, Oppenheimer said. Operating momentum greases multiple potential. Outperform rating.

Kroger ( KR) estimates, target raised at Goldman. Shares of KR now seen reaching $23, according to Goldman Sachs. Estimates also increased, given higher realized growth trends. Sell rating.

Manpower ( MAN) estimates, target boosted at Credit Suisse. Shares of MAN now seen reaching $46, according to Credit Suisse. Estimates also upped, as higher sales are boosting margins. Outperform rating.

McDonald's ( MCD) estimates, target cut at Lazard. Shares of MCD now seen reaching $101, according to Lazard. Estimates also reduced, as the company is facing increased competition. Buy rating.

Parker Hannifin ( PH) numbers cut at Credit Suisse. Shares of PH now seen reaching $87, according to Credit Suisse. Estimates also reduced, given the company's new guidance. Outperform rating.

Polaris ( PII) estimates, target boosted at BMO. Shares of PII now seen reaching $105, according to BMO Capital. Estimates also upped, given the company's sales momentum. Outperform rating.

Schlumberger ( SLB) estimates, target increased at Guggenheim. SLB estimates were raised through 2013, Guggenheim said. Deepwater exploration demand remains strong. Buy rating and new $90 price target.

Valmont ( VMI) estimates, target upped at DA Davidson. VMI estimates were boosted through 2013, DA Davidson said. Company has solid business visibility. Buy rating and new $160 price target.

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This article was written by a staff member of TheStreet.

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