Analysts' Actions: ARO IP OC SWY VMW

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Aeropostale ( ARO) was downgraded at Keybanc from buy to hold. Middle-income consumer remains pressured.

Ascena Retail ( ASNA) was downgraded at Keybanc from buy to hold. Company is in a complex integration process, while its core business is slowing, Keybanc said.

Balchem ( BCPC) was upgraded at DA Davidson from underperform to buy. Estimates also increased, given record sales growth, DA Davidson said. $48 price target.

Endo Pharmaceuticals ( ENDP) was downgraded at Piper Jaffray from neutral to underweight. $22 price target. Outlook for generic competition remains uncertain, Piper Jaffray said.

Eaton ( ETN) was initiated with an outperform rating at Credit Suisse. $72 price target. Company has high exposure to a cyclical recovery, Credit Suisse said.

International Paper ( IP) was upgraded at J.P. Morgan from neutral to overweight. TIN deal should help the company continue to grow, J.P. Morgan said.

New Gold Inc. ( NGD) was downgraded to hold at TheStreet Ratings.

Nordson ( NDSN) was upgraded at BMO Capital from market perform to outperform. $74 price target. Stock has pulled back, even though fundamentals are improving.

NV Energy ( NVE) was downgraded at Wunderlich from buy to hold. $20 price target. Company could face regulatory delays in Nevada, Wunderlich said.

Owens Corning ( OC) was downgraded at Wells Fargo to market perform. Company has limited earnings visibility, Wells Fargo said.

Children's Place ( PLCE) was downgraded at Janney Montgomery from buy to neutral. $49 price target. Company is facing increased competition, Janney Montgomery said.

Rock-Tenn ( RKT) was upgraded at J.P. Morgan from neutral to overweight. Industry spring price increase should stick, J.P. Morgan said.

SM Energy ( IP) downgraded at BMO Capital from outperform to market perform. Valuation call, based on a $65 price target, BMO Capital said.

Safeway ( SWY) was upgraded at Bank of America/Merrill Lynch to neutral. $24 price target. Sales risk should moderate in 2013, BofA/Merrill said.

VMware ( VMW) was upgraded at Citigroup to neutral from sell. $75 price target. Valuation and lack of further negative catalysts, Citi said.

Washington Post ( WPO) was downgraded to hold at TheStreet Ratings.

STOCK COMMENTS / EPS CHANGES

Apple ( AAPL) price target was reduced at Needham. Shares are now seen reaching $710. Company may no longer innovate at the same pace, Needham said. Buy rating.

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