Analysts' Actions: AMAT AMD COH DFS NUVA

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Applied Materials ( AMAT) was initiated with a neutral rating at J.P. Morgan. $19 price target. Valuation suggests limited upside, J.P. Morgan said.

Advanced Micro ( AMD) was upgraded at Wedbush to outperform from neutral. $5 price target. Company should benefit from a ramp in demand for video consoles, Wedbush said.

Arrow Electronics ( ARW) was downgraded from to hold from buy at Deutsche Bank. $50 price target. Government uncertainty could weight on near-term demand, Deutsche Bank said.

Atmel ( ATML) was downgraded at Pacific Crest to sector perform. Expect lower growth opportunities for the PC touch market, Pacific Crest said.

Avnet ( AVT) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $42 price target, Deutsche said.

Coach ( COH) was downgraded at Canaccord Genuity to hold from buy. $62 price target. Company lacks near-term visibility, Canaccord said.

Discover Financial ( DFS) was initiated with a buy rating at Deutsche Bank. $62 price target. Company can grow along with the consumer leveraging cycle, Deutsche Bank said.

Dunkin Brands ( DNKN) was upgraded at Miller Tabak to buy from hold. $53 price target. Expect comps tales to tick higher in the near term, Miller Tabak said.

Expedia ( EXPE) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $51 price target, Deutsche Bank said.

Globus Medical ( GMED) was downgraded at Goldman Sachs to neutral. $18 price target. Estimates were also cut, as the company could see lower reimbursement rates, Goldman said.

Iron Mountain ( IRM) was upgraded at Robert Baird to outperform from neutral. Stock is not factoring in the potential for a REIT conversion, Robert Baird said.

KLA-Tencor ( KLAC) was initiated with an overweight rating at J.P. Morgan. $76 price target. Will benefit from increasing yield and metrology challenges on next-generation process technologies.

Liberty Interactive ( LINTA) was upgraded at Wells Fargo to outperform from market perform. New tracking stock structure should unlock value, Wells Fargo said.

Lam Research ( LRCX) was initiated with an overweight rating at J.P. Morgan. $65 price target. Process complexity on next-generation manufacturing nodes significantly increases market opportunity, J.P. Morgan said.

Nuvasive ( NUVA) was upgraded at BMO Capital to market perform from underperform. $25 price target. End-market appears stable, BMO Capital said.

Nuvasive was downgraded at Goldman Sachs to sell from neutral. $22 price target. Estimates were also cut, as the company is facing reimbursement headwinds, Goldman said.

Realpage ( RP) was upgraded to buy at TheStreet Ratings.

TC Pipelines ( TCP) was upgraded to buy at TheStreet Ratings.

Thoratec ( THOR) was upgraded at Goldman Sachs to buy. $46 price target. Company is facing less near-term competition, and reimbursement rates are improving, Goldman said.

Total System Services ( TSS) was upgraded at JMP Securities to outperform from market perform. $35 price target. Card metrics are improving, and the company's guidance should prove conservative, JMP Securities said.

Texas Roadhouse ( TXRH) was upgraded at Miller Tabak to buy from hold. $31 price target. Company is gaining market share, Miller Tabak said.

Waters ( WAT) was downgraded at Mizuho to neutral from buy. $110 price target. See near-term choppiness in the pharmaceutical and diagnostic markets, following recent surveys, Mizuho said.

Stock Comments / EPS Changes

Caterpillar ( CAT) estimates, target were reduced at Credit Suisse. Shares are now seen reaching $94. Estimates were also increased, given a lack of visibility in the mining sector, Credit Suisse said. Outperform rating.

Carnival ( CCL) estimates, price target were cut at Credit Suisse. Shares are now seen reaching $30. Estimates also reduced, given industry pricing pressure, Credit Suisse said.

Michael Kors ( KORS) numbers were increased at Morgan Stanley. Estimates were raised through 2016. Conducted robust channel checks, Morgan Stanley said. Overweight rating and new $83 price target.

Wells Fargo ( WFC) numbers were increased at Morgan Stanley. Estimates were boosted through 2015. Company is seeing better credit results and a stronger capital return, Morgan Stanley said. Equal-weight rating and new $48 price target.

Wells Fargo numbers were cut at BMO Capital. Shares are now seen reaching $46. Estimates were also reduced, given lower earnings quality, BMO Capital said. Market Perform rating.

Wells Fargo numbers were lowered at Jefferies. Shares are now seen reaching $47. Estimates also lowered on greater net interest margin compression and higher expense starting point, Jefferies said. Buy rating.

>To submit a news tip, email: tips@thestreet.com.

Follow TheStreet on Twitter and become a fan on Facebook.
This article was written by a staff member of TheStreet.

If you liked this article you might like

Jim Cramer: The SEC Should Admit It Goofed With These Crazy Instruments

Jim Cramer: The SEC Should Admit It Goofed With These Crazy Instruments

Jim Cramer: I Remember Earnings

Jim Cramer: I Remember Earnings

Dow Soars Over 250 Points to Post Its Fourth Straight Day of Gains
Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Will Inflation Set Stocks' Hearts Aflutter or Be a Poison Arrow? -- Market Recon

Will Inflation Set Stocks' Hearts Aflutter or Be a Poison Arrow? -- Market Recon