Analysts' Actions: AN COT EE ADS CMG

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

AutoNation ( AN) was upgraded to neutral at Deutsche Bank. The company is seeing opportunity in the Used and Parts/Service business implying that internal initiatives are bearing fruit. Price target goes to $39, said Deutsche Bank.

Cott ( COT) was downgraded to neutral at UBS. The valuation is full. Price target remains $11, said UBS.

El Paso Electric ( EE) was upgraded to buy from hold at Jefferies. The company has one of the strongest demand growth profiles in the industry and trades at a 15% discount, said Jefferies. Price target is $39.

STOCK COMMENTS/EPS CHANGES

Amgen ( AMGN) earnings estimates were increased through 2014 at Citi. The company has a deep pipeline that is still overlooked, said Citigroup. The price target goes to $133.

Amphenol ( APH) earnings estimates were increased through 2014 given the Q1 beat and strong aerospace growth, said Citigroup. The price target goes to $83.

Celanese ( CE) estimates and price target were increased through 2014 at Deutsche Bank. First quarter beat and this should mark a turning point for the company, said Deutsche Bank. Price target goes to $60.

Alliance Data Systems ( ADS) earnings estimates were increased given market share gains in the private label business at JMP Securities. Price target goes to $175.

Amgen ( AMGN) earnings estimates were increased through 2014 at Citi. The company has a deep pipeline that is still overlooked, said Citigroup. The price target goes to $133.

Amphenol ( APH) earnings estimates were increased through 2014 given the Q1 beat and strong aerospace growth, said Citigroup. The price target goes to $83.

Celanese ( CE) estimates and price target were increased through 2014 at Deutsche Bank. First quarter beat and this should mark a turning point for the company, said Deutsche Bank. Price target goes to $60.

Chipotle ( CMG) earnings estimates were increased for 2013 at UBS. Positive trends in first quarter seem to foreshadow mid- to high-single digit same store sales growth in 2H13, said UBS.

Chipotle Mexican Grill shares are now seen reaching $427, Lazard Capital Markets said. Estimates also increase on encouraging SSS trends. Buy rating.

IBM ( IBM) earnings estimates were reduced through 2014 to reflect weak hardware sales at Citigroup.

IBM earnings were cut primarily to reflect the $400M of transactional deals that did not close in the quarter and weak IT spending trends, said Deutsche Bank. Price target was reduced $225.

Morgan Stanley ( MS) estimates were reduced at UBS. Morgan Stanley earnings estimates were cut for 2013 given the first quarter miss and weaker securities revenue, said UBS.

Microsoft ( MSFT) earnings estimates were increased for 2013 at UBS. Gross margins are beginning to stabilize as the company gains scale.

NetFlix ( NFLX) estimates were increased at Lazard. NetFlix estimates increased through 2013, Lazard Capital Markets said. Q1 report may swing ability to deliver sub growth. Buy rating and $200 price target.

Vertex Pharmaceutical ( VRTX) price target was increased at Deutsche Bank. Vetex' price target was increased to $100, said Deutsche Bank. F508del homozygous and other Kalydeco mutations are now expected to have a 100% success rate.

Verizon ( VZ)VZ Verizon earnings estimates were increased through 2014 to reflect strong Q1 wireless results, said Citigroup. The opportunity for a possible LBO of Vodafone's stake in Verizon Wireless remains on the table. Price target goes to $56.

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This article was written by a staff member of TheStreet.