Analysts' Actions: AXP COF CSCO HPQ VZ

NEW YORK (TheStreet) -- CHANGE IN RATINGS:

Analog Devices ( ADI) was upgraded at Credit Suisse from neutral to outperform. $48 price target. Company should see better end-market demand in 2013.

American Express ( AXP) was downgraded at Goldman Sachs from buy to neutral. $65 price target. See limited earnings upside potential.

CR Bard ( BCR) was upgraded at Bank of America/Merrill Lynch from neutral to buy. $114 price target. Company offers low-risk, double-digit digit annual earnings potential, BofA/Merrill said.

Celanese ( CE) was downgraded at Piper Jaffray to neutral from overweight. $47 price target. Moving to sidelines on valuation and high expectations, Piper Jaffray said.

Commercial Metals ( CMC) was upgraded at Keybanc from hold to buy. $19 price target. Company is leveraged to lower scrap input costs, Keybanc said.

Capital One ( COF) was upgraded at Goldman Sachs from neutral to buy. $75 price target. Company is realizing cost leverage, Goldman said.

Cisco Systems ( CSCO) upgraded at Baird from neutral to outperform, Robert Baird said. $25 price target. Channel checks suggest the company is executing well.

Cisco Systems upgraded at William Blair from market perform to outperform, William Blair said. Company continues to execute well in a difficult environment.

Covance ( CVD) upgraded at Goldman from neutral to buy. $70 price target. Earnings growth should re-accelerate and the company can exceed consensus expectations.

Famous Dave's of America ( DAVE) upgraded to buy at TheStreet Ratings.

Deere ( DE) upgraded at JP Morgan from underweight to neutral. $90 price target. Global fundamentals appear balanced.

EMC ( EMC) downgraded at JP Morgan from overweight to neutral. $26 price target. Estimates also cut, given slower expected growth in the storage market.

Facebook ( FB) upgraded at Deutsche from hold to buy, Deutsche Bank said. $40 price target. Company has the most sales momentum in the industry.

Fusion- io ( FIO) upgraded at JP Morgan to overweight from neutral, JP Morgan said. $30 price target. Competition is a no show.

WW Grainger ( GWW) upgraded at Wunderlich from hold to buy. $255 price target. Company had an upbeat analyst meeting and guidance was well ahead of previous consensus expectations.

Hess ( HES) upgraded at Credit Suisse from underperform to neutral. $68 price target. Net asset value is improving.

HopFed Bancorp ( HFBC) upgraded to buy at TheStreet Ratings.

Hewlett-Packard ( HPQ) upgraded at JP Morgan from underweight to neutral. $21 price target. Headline news will likely not get worse going forward.

H&R Block ( HRB) downgraded at Morgan Stanley to underweight from equal-weight. $17 price target. IRS delays and stock run creates unattractive risk reward.

Huntsman ( HUN) downgraded at Wells Fargo to market perform from overweight. $17-$19 price target. Valuation call.

IBM ( IBM) downgraded at JP Morgan from overweight to neutral. $197 price target. Company has relatively lower growth potential.

Incyte ( INCY) upgraded at Lazard from neutral to buy. $25 price target. Jakafi should see earlier adoption.

Intuitive Surgical ( ISRG) upgraded at Lazard to buy, Lazard Capital Markets said. $600 price target. Stock is attractive, following a 10% pullback.

JDS Uniphase ( JDSU) downgraded at Goldman from buy to neutral, Goldman Sachs said. Valuation call, based on a $14 price target.

Louisiana-Pacific ( LPX) downgraded at DA Davidson from neutral to underperform, DA Davidson said. $18 price target. Recent move is strand board prices is likely not sustainable.

Maxim ( MXIM) downgraded at Credit Suisse from outperform to neutral, Credit Suisse said. $31 price target. Expect significant deterioration in the handset market.

Nucor ( NUE) upgraded at Keybanc from hold to buy, Keybanc said. Company is leveraged to lagging commercial construction markets. $56 price target.

Old Dominion ( ODEL) downgraded at Deutsche from buy to hold, Deutsche Bank said. Valuation call, based on a $40 price target.

Pharmacyclics ( PCYC) downgraded at Lazard to neutral. Company lacks near-term catalysts.

Parexel ( PRXL) upgraded at Goldman from sell to neutral, Goldman Sachs said. $36 price target. Company can continue to expand margins over the coming quarters.

Reliance Steel ( RS) downgraded at Keybanc from buy to hold. Estimates also cut, given a lower pricing environment.

Sprint ( S) downgraded at UBS to neutral from buy, UBS said. $6 price target. 2013 outlook/operational challenges should keep shares range bound in 1H.

Sprint downgraded at JP Morgan from overweight to neutral, JP Morgan said. $6 price target. Sales growth is decelerating.

Scripps Networks ( SNI) downgraded at Deutsche from buy to hold, Deutsche Bank said. $65 price target. Estimates also cut, given lower ratings.

Simpson Manufacturing ( SSD) downgraded at DA Davidson from buy to neutral, DA Davidson said. Company lacks near-term catalysts.

Steel Dynamics ( STLD) upgraded at Keybanc from hold to buy, Keybanc said. $22 price target. Company generates solid free cash flow and pays an attractive dividend.

Varian Medical ( VAR) downgraded Lazard from buy to neutral, Lazard Capital Markets said. Valuation call, as the stock is up 22% since late October.

Verizon ( VZ) downgraded at UBS to neutral from buy, UBS said. $44 price target. Still the leader in wireless, but profitability lower than expected.

Werner ( WERN) downgraded at Deutsche from buy to hold, Deutsche Bank said. $26 price target. Company lacks near-term catalysts.

Wells Fargo ( WFC) downgraded at Oppenheimer to perform from outperform, Oppenheimer said. Stock fairly valued.

Xilinx ( XLNX) upgraded at Credit Suisse from neutral to outperform. $42 price target. Company should see higher end-market demand in 2013.

Zimmer ( ZHM) downgraded at Lazard from buy to neutral. Valuation call.

STOCK COMMENTS / EPS CHANGES

eBay ( EBAY) estimates, target raised at Credit Suisse. Shares of EBAY now seen reaching $50, according to Credit Suisse. Estimates also increased, given expected accelerating user growth. Neutral rating.

Facebook ( FB) numbers raised at Oppenheimer. Shares of FB now seen reaching $34. Estimates also raised on Facebook Exchange impact. Outperform rating.

Garmin ( GRMN) numbers lowered at JP Morgan. Shares of GRMN now seen reaching $36. Estimates also lowered on 10%-15% decline in PND unit shipments in 2013. Underweight rating.

HMS Holdings ( HMSY) numbers raised at Jefferies. Shares of HMSY now seen reaching $34. Estimates also raised on positive thematic momentum. Buy rating.

KBR ( KBR) numbers lowered at J.P. Morgan. Shares of KBR now seen reaching $40. Estimates also lowered on intensification of execution risks. Overweight rating.

Microsoft ( MSFT) numbers cut at UBS. Shares of MSFT now seen reaching $35. Estimates also lowered to reflect weakness in CQ4 PC demand units. Buy rating.

SAP ( SAP) target raised at Jefferies. Shares of SAP now seen reaching $82. Revenue estimates appear achievable. Hold rating.

Yum! Brands ( YUM) numbers lowered at Oppenheimer. Shares of YUM now seen reaching $74. Estimates also lowered on less 2013 growth. Outperform rating.

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This article was written by a staff member of TheStreet.

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