NEW YORK ( TheStreet) -- CHANGE IN RATINGSAmerican Water Works ( AWK) was upgraded to outperform from market perform, Wells Fargo said. $45 to $46 valuation range. Reasonable valuation prompts upgrade. BlackRock ( BLK) shares were downgraded to neutral from buy as the good news in priced in currently, said Citigroup. Price target remains $285. ICU Medical ( ICUI) was downgraded to Hold from Buy, Benchmark said. $69 price target. Valuation call. MGM ( MGM) was upgraded to buy from neutral, Sterne Agee said. $19 price target. Evidence for a true Strip recovery. Tesla Motors ( TSLA) was downgraded to neutral from buy, Goldman Sachs said. $61 price target. More balanced risk/reward.
Tumi ( TUMI) shares were downgraded to neutral from buy based on limited upside to guidance and recent stock performance, said Citigroup. Price target remains $25. Viasat ( VSAT) was upgraded from perform to outperform, Oppenheimer said. $65 price target. Company is in the early stages of a multi-year growth plan. STOCK COMMENTS/EPS CHANGES AOL ( AOL) earnings estimates were increased on the first quarter beat, said UBS. The company is well positioned for top line growth and margin expansion. Activision Blizzard ( ATVI) numbers were boosted at Credit Suisse. Shares are now seen reaching $20, according to Credit Suisse. Estimates also upped, given the company's new guidance. Outperform rating.
Axiall ( AXLL) target and estimates were reduced to reflect higher ethylene costs and slow PVC demand, said Citigroup. Price target goes to $60. CenturyLink ( CRL) earnings estimates were increased as growth in strategic services are expected to lead to stable revenue growth in 2014, said UBS.
Rackspace ( RAX) price target and estimates were reduced given significantly lower than expected guidance, said Canaccord Genuity. The company's product transition is taking longer than expected. Price target goes to $40. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.