NEW YORK ( TheStreet) -- CHANGE IN RATINGS ALCO Stores ( ALCS) was downgraded to sell at TheStreet Ratings. Gamestop ( GME) was downgraded to hold at TheStreet Ratings. CIT Group ( CIT) was upgraded at Drexel Hamilton to buy from hold. Price target is $52. The termination of the agreement with the Fed bank of New York frees up $2 billion in excess capital to return to shareholders, Drexel Hamilton said. Chevron ( CVX) was downgraded at Jefferies to hold from buy. Valuation call, based on a $135 price target, Jefferies said. Hornbeck Offshore ( HOS) was upgraded at J.P. Morgan to overweight. $66 price target. Market is still not factoring in the company's ability to grow earnings and free cash flow, J.P. Morgan said. HPY) was upgraded at Piper Jaffray to overweight from neutral. Price target is $42. Further operating margin expansion as well as improving food service spending should increase EPS growth, Piper Jaffray said. IHS ( IHS) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $110 price target, Deutsche said. Infinera ( INFN) was downgraded at Jefferies to hold from buy. INFN now trades at a reasonable premium compared to its sector, Jefferies said. Micros Systems ( MCRS) was downgraded at Compass Point to neutral from buy. $45 price target. Organic growth improvement has not materialized, Compass Point said. SFD) was downgraded at DA Davidson to neutral. $34 price target. Company posted lower earnings, but the Shuanghui deal will likely go through, DA Davidson said. Ubiquiti Networks ( UBNT) was initiated with a buy rating and $21 price target at Bank of America. The company has significant growth potential by being the key player in the low-cost, high-performance networking gear market, Bank of America said.
First Solar ( FSLR) estimates were cut through 2015 at Lazard Capital Markets. Secondary offering will dilute earnings, Lazard Capital Markets said. Buy rating and $60 price target. GlaxoSmithKline ( GSK) price target and estimates were raised at UBS. Earnings estimates were raised to reflect the multiblockbuster potential of MAGE A3, said UBS. Price target goes to $54.81. Hartford Financial Services Group ( HIG) price target and estimates were raised at Citigroup. Earnings estimates were raised given an improving core business and compelling capital return story, said Citigroup. Price target goes to $35. Lithia Motors ( LAD) numbers were increased at Keybanc through 2014. May auto checks were positive, Keybanc said. Buy rating and new $62 price target. MU) price target and estimates were raised at Citi. Estimates were increased to reflect the Elpida deal and rising memory prices, said Citigroup. Price target goes to $19. Micron estimates, price target raised at Credit Suisse. Shares of MU are projected to hit $20 as earnings estimates have increased, Credit Suisse said. Favorable product pricing and capital structure both position MU well in light of growing demand, Credit Suisse also said. Pioneer Natural ( PXD) price target was raised to $200 at Bank of America/Merrill Lynch. Incredible potential resources under the 900,000 acre Permian Midland Basin, said Bank of America/Merrill Lynch. Union Pacific ( UNP) price target and estimates were raised at Citigroup. Earnings estimates were increased given solid fundamental drivers and a doubling of free cash flow, said Citigroup. Price target goes to $180. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.