NEW YORK ( TheStreet) -- CHANGE IN RATINGSAllison Transmission ( ALSN) coverage started with a sell rating at TheStreet Ratings. American International ( AIG) was rated new outperform at BMO. $50 price target. Business has become more simple and the stock is attractively valued below book value, BMO Capital said. Apache ( APA) APA Apache was downgraded to neutral at JP Morgan. Company lacks near-term catalysts, JP Morgan said. Colfax ( CFX) was downgraded to hold at TheStreet Ratings. Pandora ( P) was rated new neutral at Lazard. Uncertainty remains around future music performance fees, Lazard Capital Markets said. Krispy Kreme ( KKD) was downgraded from outperform to neutral at Wedbush. $16 price target. Valuation call, as the stock has doubled in the past five months, Wedbush said. Textron ( TXT) was upgraded to overweight at JP Morgan. Stock is attractive, following a 13% pullback, JP Morgan said. $30 price target.
Alkermes ( ALKS) downgraded from buy to neutral at Mizuho. $26 price target. Expect conservative 2014 guidance from the company, which lacks near-term catalysts, Mizuho said. Apache was downgraded to outperform to perform at Oppenheimer. Company remains leveraged to a volatile environment in Egypt, Oppenheimer said. Cabot Oil & Gas ( COG) was upgraded to buy at Bank of America/Merrill Lynch. $93 price target. Production continues to accelerate and the company is leveraged to rising natural gas prices, said Bank of America/Merrill Lynch. East West Bancorp ( EWBC) was downgraded from buy to neutral at Sterne Agee. $25 price target. Company is facing net interest margin pressure, Sterne Agee said. Fusion-io ( FIO) was upgraded from hold to buy at Stifel Nicolaus. $18 price target. Checks suggest the company can exceed near-term expectations, Stifel Nicolaus said. Huntington Bancshares ( HBAN) was downgraded from buy to neutral at Compass Point. $8 price target. Company lacks near-term catalysts, Compass Point said. HollyFrontier ( HFC) was upgraded from neutralto buy at BofA/Merrill. $66 price target. Recent pullback has resulted in an attractive implied 7% dividend yield, Bank of America/Merrill Lynch said.
STOCK COMMENTS/EPS CHANGES Apple ( AAPL) estimates, target were cut at BMO. Shares of AAPL are now seen reaching $460, according to BMO Capital. Estimates also reduced, as the company will struggle to maintain margins versus the continued growth of its business. Outperform rating. American Express ( AXP) estimates were raised through 2015 at Credit Suisse. Company is keeping a tight lid on costs. Underperform rating and new $61 price target.