Analysts' Actions: CIT CVX HOS IHS MCRS

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.

Heartland Payment Systems ( 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.

Smithfield Foods ( 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.

STOCK COMMENTS/EPS CHANGES

Casey's ( CASY) estimates, price target raised at Goldman Sachs. Shares are now seen reaching $63. Estimates were also increased, given stronger realized sales, Goldman said. Neutral rating.

Dollar Tree ( DLTR) price target was raised at J.P. Morgan. Focus on gross-margin growth led to a price target increase to $55/share, J.P. Morgan said. EBIT dollar and margin expansion are projected over the next year, J.P. Morgan also 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.

Micron ( 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.

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This article was written by a staff member of TheStreet.

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