Analysts' Actions: APA AIG KKD P

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Allison 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.

American Express price target was increased to $74 at Citi. The company's core business is performing well, including billed business, and will benefit as affluent consumer spending continues to increase.

Buffalo Wild Wings ( BWLD) shares are now seen reaching $120, according to Wedbush. Estimates also increased, given fallen wing costs. Outperform rating.

Brinker ( EAT) estimates were boosted through 2014, Wells Fargo said. Solid comp sales growth can drive wider margins. Outperform rating.

eBay ( EBAY) estimates were cut through 2014, JMP Securities said. Company is hurt by slower growth in Europe and a stronger dollar. Outperform rating.

Greenhill ( GHL) earnings estimates were reduced to reflect the first quarter miss and a weaker than expected deal pipeline, said UBS. Price target is now $49.

McDonald's ( MCD) shares are now seen reaching $110, according to Deutsche Bank. Stock has lagged its peers but still offer a solid 3% dividend yield. Buy rating.

Northern Trust ( NTRS) earnings estimates through 2014 were reduced after first quarter results were announced, said UBS. Revenues in the quarter were supported by a large increase in FX but NII was lower than estimated.

PNC Financial ( PNC) earnings estimates through 2014 were reduced, said UBS. Despite the 1Q13 performance, expense levels and NII may not be sustainable.

SanDisk ( SNDK) earnings estimates through 2014 were increased to reflect new guidance which included favorable price trends, said UBS. Price target goes to $65.

Sandisk shares are now seen reaching $75, according to Credit Suisse. Estimates also upped, given expected continued growth in the memory market. Outperform rating.

United Rentals' ( URI) United Rentals' price target was increased to $70, said UBS. As the year progresses, UBS believes there will be potential upside to management's guidance.

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This article was written by a staff member of TheStreet.

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