Analysts' Actions: CVX GOOG MRK SCHW YHOO

NEW YORK ( TheStreet) -- CHANGE IN RATINGS:

Air T ( AIRT) upgraded to buy at TheStreet Ratings.

Franklin Resources ( BEN) was upgraded at Keefe, Bruyette & Woods from market perform to outperform. Valuation call, based on a $160 price target, KBW said.

Columbia Sportswear ( COLM) was downgraded at Citigroup to sell from neutral. $45 price target. Changing environment and negative upcoming catalysts, Citi said.

Copart ( CPRT) was downgraded at Baird from outperform to neutral. Valuation call, based on a $36 price target, Baird said.

Chevron ( CVX) was downgraded at UBS to neutral from buy. $120 price target. Valuation call, UBS said.

Essex Property Trust ( ESS) upgraded to buy at TheStreet Ratings.

Google ( GOOG) was downgraded at BMO Capital to market perform. $790 price target. Valuation call, as the stock is up 39% since mid-June, BMO Capital said.

Hershey ( HSY) was downgraded at Goldman Sachs from buy to neutral. Valuation call, based on an $86 price target. Company was also cut from the Conviction Buy list, Goldman said.

Mead Johnson ( MJN) was upgraded at Goldman Sachs from neutral to buy. Company was also placed on the Conviction List. $95 price target. Company should see a material growth rebound in China, Goldman said.

Melco Crown Entertainment ( MPEL) was upgraded at Jefferies to hold from underperform. $22.70 price target. Solid premium mas growth momentum, Jefferies said.

Merck ( MPEL) was downgraded at Morgan Stanley from equal-weight to underweight. Company may see near-term weakness in its clinical portfolio, Morgan Stanley said.

Merck ( MRK) was downgraded at Leerink Swann from outperform to market perform.Company lacks near-term catalysts, Leerink Swann said.

Norfolk Southern ( NSC) was upgraded at Dahlman Rose from hold to buy. $82 price target. Company is leveraged to higher met coal pricing, Dahlman Rose said.

Perrigo ( PRGO) was upgraded at Morgan Stanley from equal-weight to overweight. $125 price target. Nutritionals overhang has been lifted and the company has strong growth prospects, Morgan Stanley said.

Perrigo was upgraded at Canaccord from hold to buy. $128 price target. Company trades at a discount valuation and can deliver higher near-term earnings, Canaccord said.

Charles Schwab ( SCHW) was downgraded at UBS to neutral from buy. $17 price target. Too much enthusiasm in valuation, UBS said.

Sandridge Energy ( MPEL) was downgraded at Ladenburg Thalmann from buy to neutral. $7 price target. Company could deliver lower oil production in the Mississippian, Ladenburg Thalmann said.

Sempra Energy ( SRE) was upgraded at J.P. Morgan to overweight. Company can continue to outperform in 2013, with Latin America and LNG as the main growth drivers, J.P. Morgan said.

St. Jude Medical ( STJ) was upgraded at Credit Suisse from neutral to outperform. $48 price target. Left investor meeting with a more favorable outlook for Durata, Credit Suisse said.

Timken ( TKR) was upgraded at Bank of America/Merrill Lynch to buy. Company is a well-run company that is leveraged to an eventual cyclical recovery, BofA/Merrill said.

Wesco International ( WCC) was downgraded at UBS to neutral from buy. $75 price target. Few catalysts in the near term, UBS said.

Wal-Mart ( WMT) was downgraded at J.P. Morgan from overweight to neutral. $75 price target.

Western Union ( WU) was upgraded at Deutsche Bank from hold to buy. $19 price target. Market is setting up well for a company turnaround, Deutsche said.

Yahoo! ( YHOO) was upgraded at Stifel Nicolaus from hold to buy. $25 price target. Alibaba and Yahoo Japan are rising in value, Stifel Nicolaus said.

STOCK COMMENTS / EPS CHANGES

AbbVie ( ABBV) numbers raised at Jefferies. Shares of ABBV now seen reaching $45, Jefferies said. Estimates also raised on Humira continues to squeeze the bears. Buy rating.

Cisco Systems ( CSCO) numbers raised at Oppenheimer. Shares of CSCO now seen reaching $24, Oppenheimer said. Estimates also raised on solid checks. Outperform rating.

Deckers Outdoor ( DECK) numbers raised at Jefferies. Shares of DECK now seen reaching $60, Jefferies said. Estimates also raised on solid online trends and store checks. Buy rating.

Emerson ( EMR) numbers raised at Oppenheimer. Shares of EMR now seen reaching $63, Oppenheimer said. Estimates also raised on recovery of premium. Perform rating.

FedEx ( FDX) added to US 1 List at BofA/Merrill. FDX was placed on the US 1 list, Bank of America/Merrill Lynch said. Company is seeing positive volume trends and cutting costs. $122 price target.

Las Vegas Sands ( LVS) numbers raised at Morgan Stanley. Shares of LVS now seen reaching $60, according to Morgan Stanley. Estimates also increased, given stronger growth in Macau. Overweight rating.

LyondellBasell ( LYB) numbers raised at Jefferies. Shares of LYB now seen reaching $70, Jefferies said. Estimates also raised on favorable 2013 backdrop. Buy rating.

National Oilwell Varco ( NOV) numbers lowered at Jefferies. Shares of NOV now seen reaching $86, Jefferies said. Estimates also lowered on longer- term rig tech conservatism. Buy rating.

Newell Rubbermaid ( NWL) target raised at Oppenheimer to $27, Oppenheimer said. Game plan on track. Outperform rating.

PetSmart ( PETM) added to US 1 List at BofA/Merrill. $85 price target. Company is leveraged to a favorable macro backdrop.

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