Analysts' Actions: BAX HPQ NSC OPEN WWW

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Amazon.com ( AMZN) was initiated with a buy rating and $340 price target at Citigroup. Retail margin expansion and the opportunity in AWS are underappreciated by investors, Citigroup said.

Baxter ( BAX) was initiated with an outperform rating at Credit Suisse. $81 price target. Company can deliver solid organic sales growth, Credit Suisse said.

Bemis ( BMS) was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock is up 21% year to date, J.P. Morgan said.

eBay ( EBAY) was initiated with a buy rating and $65 price target at Citigroup. Marketplace and PayPal will both drive significant growth going forward, Citigroup said.

Facebook ( FB) was initiated with a neutral rating and $27 price target at Citigroup. The transition from desktop to mobile platforms leaves too many uncertainties in the near term, Citi said.

Fortinet ( FTNT) was upgraded at Jefferies to buy. $23 price target. Stock has 5-1 risk-reward potential from current levels, Jefferies said.

Google ( GOOG) was initiated with a buy rating and $1,100 price target at Citigroup. The company offers solid secular growth, cost and pricing improvements, and an attractive valuation, Citi said.

GSV Capital ( GSVC) was downgraded to sell at TheStreet Ratings.

Healthcare Trust of America ( HTA) was initiated with a hold at TheStreet Ratings.

Hewlett-Packard ( HPQ) was upgraded at Citigroup to buy from sell and given a $32 price target. The company is reaching an inflection point for HP's services, and cost cutting will significantly benefit the second half of 2013, Citi said.

Meredith ( MDP) was downgraded at Citigroup to neutral from buy and given a $48 price target. The company's risk-reward has diminished given the run in the stock.

Norfolk Southern ( NSC) was downgraded at Deutsche Bank to hold from buy. $83 price target. Valuation call, as the stock has gained 20% year to date, Deutsche said.

OpenTable ( OPEN) was initiated with a sell rating and $58 price target at Citigroup. High levels of market penetration will lead to a deceleration of growth, Citi said.

Sealed Air ( SEE) was upgraded at J.P. Morgan to overweight from neutral. Necessary culture shift appears to be underway, because of the new management team, J.P. Morgan said.

TW Telecom ( TWTC) was downgraded at Citigroup to neutral from buy. Valuation and a lack of meaningful improvement in enterprise purchases drive the call, Citi said. Price target is $30.

Wolverine World Wide ( WWW) was downgraded at Keybanc to hold from buy. Valuation call, even though estimates are moving higher, Keybanc said.

Yahoo! ( YHOO) was initiated with a buy rating at Citigroup. Rating based on cash-generation potential and valuation, Citigroup said. The price target is $30.

STOCK COMMENTS/EPS CHANGES

Apple ( AAPL) numbers were cut at Canaccord Genuity. Shares are now seen reaching $530. Estimates were also lowered due to slower high-end smartphone sales growth trends, Canaccord Genuity said. Buy rating.

Cree ( CREE) estimates, price target were upped at Wedbush. Estimates were increased through 2014. Company is leveraged to positive industry momentum, Wedbush said. Outperform rating and new $78 price target.

Kroger ( KR) price target and estimates were raised at Citigroup. Earnings estimates were raised based on accretion related to the merger with Harris Teeter, said Citigroup. Price target goes to $43.

Nasdaq OMX ( NDAQ) estimates were reduced at Credit Suisse through 2015. Company is facing higher expenses, Credit Suisse said. Neutral rating and $28 price target.

Nu Skin ( NUS) numbers were increased at DA Davidson. Estimates were raised through 2014. Company boosted its guidance, DA Davidson said. Buy rating and new $100 price target.

PetSmart ( PETM) price target was raised at UBS to $79. Offers a nice offensive / defensive mix in an uncertain world, UBS said. Buy rating.

Pioneer Natural Resources ( PXD) price target was raised at Citigroup to $190. Increased confidence in the potential associated with the Permian Basin assets, Citi said.

Qualcomm ( QCOM) numbers were cut at Canaccord Genuity. Shares are now seen reaching $84. Estimates also lowered due to slower high-end smartphone sales growth trends, Canaccord Genuity said. Buy rating.

Yahoo! estimates, price target were boosted at Needham. Shares are now seen reaching $28. Estimates were also increased, as the company will likely face a lower tax rate, Needham said. Buy rating.

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This article was written by a staff member of TheStreet.

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