Analysts' Actions: APD CNC M ZTS

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Air Products ( APD) was downgraded at Bank of America/Merrill Lynch to underperform from neutral. Valuation call, based on a $90 price target, BofA/Merrill said.

Apollo Group ( APOL) was upgraded to hold at TheStreet Ratings.

Centene ( CNC) was initiated with a buy rating at Lazard Capital Markets. $60 price target. Company will likely grow by entering new states, Lazard Capital Markets said.

Garmin ( GRMN) was downgraded to hold at TheStreet Ratings.

Humana ( HUM) was initiated with a neutral rating at Lazard Capital Markets. Valuation call, Lazard Capital Markets said.

Macy's ( M) was initiated with a buy rating at Stifel Nicolaus. $55 price target. Company dominates the market and can achieve operating leverage, Stifel Nicolaus said.

Trimble ( TRMB) was upgraded at Lazard Capital Markets to buy from neutral. $31 price target. Negative macro headlines have created a more attractive entry point, Lazard Capital Markets said.

Zoetis ( ZTS) was upgraded to outperform from market perform at BMO Capital. $36 price target. 400 million new shares are hitting the market and any weakness should be seen as a buying opportunity, BMO Capital said.

STOCK COMMENTS/EPS CHANGES

Ameriprise Financial ( AMP) estimates were raised at Citigroup. Earnings estimates were increased given a more favorable mix shift, despite a cautious flow outlook, said Citigroup.

Bed Bath & Beyond ( BBBY) numbers were increased at Wedbush. Estimates were raised through 2014. Company will likely buy back more stock and see business stabilize, Wedbush said. Outperform rating and new $85 price target.

Bed Bath & Beyond estimates were raised at UBS. Earnings estimates were raised as the housing recovery is beginning to be reflected in results, said UBS.

Carbo Ceramics ( CRR) numbers were cut at Sterne Agee. Shares are now seen reaching $73. Estimates were also reduced, given near-term uncertainty in Mexico, Sterne Agee said. Neutral rating.

Cisco ( CSCO) price target was boosted at Stifel. Shares are now seen reaching $28, according to Stifel Nicolaus. Company appears to have regained its R&D momentum, Stifel Nicolaus said.

General Mills ( GIS) price target was boosted at BMO Capital to $52. Company is realizing higher operating profit, BMO Capital said. Outperform rating.

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