Carlisle Companies ( CSL) was upgraded at KeyBanc to buy from hold. $74 price target. Upside catalyzed by M&A activity, KeyBanc said. Chimera Investment ( CIM) upgraded to buy at TheStreet Ratings. Esterline Technologies ( ESL) upgraded to buy at TheStreet Ratings. Freeport-McMoRan ( FCX) coverage was reinstated at Bank of America with a neutral rating. $39 price target. Transformational but dilutive deal, BofA said. MDU Resources ( MDU) was upgraded at Citigroup to buy from neutral. $29 price target. Breakup to unlock value, Citi said. Noble Energy ( NBL) was downgraded at Sterne Agee to neutral from buy. $109 price target. Growth is priced into shares, Sterne Agee said. Quanta Services ( PWR) was initiated with a buy rating at Deutsche Bank. $31 price target. Bullish on longer-term growth prospects, Deutsche said.
SM Energy ( SM) was downgraded at Deutsche Bank to hold from buy. $62 price target. Less conviction in 2013 outlook, Deutsche said. TripAdvisor ( TRIP) was upgraded at Deutsche Bank to buy from hold. $50 price target. Will benefit from increasing competition in the OTA space, Deutsche said. Ultra Petroleum ( UPL) was upgraded at Sterne Agee to neutral from underperform. $20 price target. Confidence in ability to weather challenging operating environment, Sterne Agee said.