Analysts' Actions: FB HES RIMM BA CIT QCOM

NEW YORK ( TheStreet) -- CHANGE IN RATINGS:

Arthur J. Gallagher ( AJG) upgraded at KBW to Outperform, Keefe, Bruyette & Woods said. $45 price target. Company is seeing strong organic growth and expanding margins.

Arthur J. Gallagher upgraded at BofA/Merrill from Neutral to Buy, Bank of America/Merrill Lynch said. Company is carrying a lot of momentum into 2013. $41 price target.

CIT Group ( CIT) downgraded at Morgan Stanley from Overweight to Equal-weight, Morgan Stanley said. $46 price target. Management is turning the business around, but the company lacks near-term catalysts.

Comerica ( CMA) downgraded at Bernstein from Market Perform to Underperform, Bernstein Research said. Valuation call, based on a $27 price target.

Citrix Systems ( CTXS) upgraded at BofA/Merrill to Buy, Bank of America/Merrill Lynch said. $84 price target. Cloud and mobility can continue to drive growth.

Endo Health Solutions ( ENDP) downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. Valuation call.

Facebook ( FB) downgraded at Citigroup to Neutral from Buy, Citigroup said. $30 price target. Heavy investment mode.

Facebook downgraded at BMO to Market Perform, BMO Capital said. Valuation call, based on a $32 price target.

Facebook upgraded at Pivotal from Hold to Buy, Pivotal Research said. $36 price target. Visibility is improving for 2013.

Fusion-io ( FIO) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $17 price target. Company lacks near-term visibility.

Fusion-io downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $21 price target. Consensus revenue estimates need to move materially lower.

Fusion-io upgraded at Lazard from Neutral to Buy, Lazard Capital Markets said. $23 price target. Business is lumpy, but the stock is attractively valued at current levels.

Hess Corp. ( HES) downgraded at UBS to Neutral from Buy, UBS said. $70 price target. Downgraded after recent rally.

Intersil ( ISIL) upgraded at JP Morgan to Neutral, JP Morgan said. Sector is improving and the company is paying down debt.

JDS Uniphase ( JDSU) upgraded at Needham to Buy from Hold, Needham said. $18 price target. Company is realizing higher margins and demand in Europe appears to have bottomed.

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