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.

If you liked this article you might like

How to Invest Just Like a Millionaire

Snapchat Maintains Edge Over Instagram in U.S. Signups, But Not for Long

WhatsApp Rejects UK Demand for Access to Encrypted Messages

Facebook Could Be Back in China in 2018

Amazon, Google and Other U.S. Tech Giants Face a Battle Over Taxes With Europe