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.
STOCK COMMENTS / EPS CHANGESAlign Technology ( ALGN) numbers raised at Jefferies. Shares of ALGN now seen reaching $36, Jefferies said. Estimates also raised on demand trends re-accelerating. Buy rating. Avery Dennison ( AVY) numbers raised at Credit Suisse. Shares of AVY now seen reaching $38, according to Credit Suisse. Estimates also increased, given the company's restructuring efforts. Underperform rating. Boeing ( BA) estimates, target increased at Credit Suisse. BA estimates were raised through 2014, Credit Suisse said. Company boosted its guidance. Outperform rating and new $87 price target. ConAgra Foods ( CAG) numbers raised at Jefferies. Shares of CAG now seen reaching $38, Jefferies said. Estimates also raised on completion of acquisition. Buy rating. Citrix Systems ( CTXS) numbers boosted at Credit Suisse. Shares of CTXS now seen reaching $72.50, according to Credit Suisse. Estimates also upped, given higher networking and cloud growth. Neutral rating. Citrix numbers raised at Jefferies. Shares of CTXS now seen reaching $85, Jefferies said. Estimates also raised on mobility and networking growth. Buy rating.
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