Analysts' Actions: BKW CMG HP MCD PNRA

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Akorn (AKRX) was downgraded at Leerink Swann to market perform from outperform. Valuation call, based on a 12-month price target of $25, Leerink Swann said.

Baker Hughes (BHI) was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $60. Margin growth is likely to be slower than expected, RBC Capital said.

Burger King (BKW) was initiated at UBS with a buy rating. Refinancing of expensive notes and conversion to a high- free cash, high-yielding stock is underappreciated, UBS said. Twelve-month price target is $26.

Buffalo Wild Wings (BWLD) was initiated at UBS with a buy rating. Momentum in core brand sales and AUVs, UBS said. Twelve-month price target is $165.

Citigroup (C) was initiated at Jefferies with a hold rating. Revenue diversification and accelerated capital creation through DTA recapture, Jefferies said. But consensus EPS forecasts look high, Jefferies also said. Twelve-month price target is $60.

Cardinal Health (CAH) was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock gained 60% in 2013, J.P. Morgan said.

Cameron (CAM) was downgraded at RBC Capital to outperform from Top Pick. Valuation call, based on a twelve-month price target of $68, RBC Capital said.

Crown Holdings (CCK) was upgraded at J.P. Morgan to overweight. Twelve-month price target is $52. Expect the Mivisa deal to be approved, with minimal earnings impact, J.P. Morgan said.

Clorox (CLX) was downgraded at J.P. Morgan to underweight from neutral. Valuation call, as the stock is trading with a forward price-to-earnings multiple of 20.

Chipotle (CMG) was initiated at UBS with a neutral rating. Well-positioned for on-trend food and service with large competitive advantage, but high multiple is built around less-than-certain 2014 price increase, UBS said. Twelve-month price target is $530.

Dean Foods (DF) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $23. Industry volumes are weaker both in the U.S. and Europe, Deutsche Bank said.

Generac (GNRC) was downgraded at Stifel Nicolaus to hold from buy. Valuation call, Stifel Nicolaus said.

Helmerich & Payne (HP) was upgraded at RBC Capital to outperform from sector perform. Twelve-month price target is $96. See upside to consensus earnings expectations, RBC Capital said.

Hershey (HSY) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $97. Company should continue to generate solid free cash flow, Deutsche Bank said.

Itron (ITRI) was downgraded at Argus to hold from buy. Backlog continues to decline, Argus said.

JPMorgan Chase (JPM) was initiated at Jefferies with a buy rating. Lowest multiple on 2015 EPS estimates, solid underlying business performance, sentiment recovering following trading/legal overhangs. Twelve-month price target is $66.

Kraft (KRFT) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $54. Company has realistic targets and trades at an attractive valuation, Deutsche Bank said.

Eli Lilly (LLY) was downgraded at BMO Capital to underperform from market perform. $50 price target. Expect lower results from the clinical pipeline in 2014, BMO Capital said.

McDonald's (MCD) was downgraded at Wells Fargo to market perform from outperform. Return on investment declines are likely to persist, Wells Fargo said.

McDonald's was initiated at UBS with a buy rating. Diversified portfolio that generates net unit growth of 3%, UBS said. Twelve-month price target is $107.

Nabors (NBR) was upgraded at RBC Capital to outperform from sector perform. Twelve-month price target is $20. Company should see a ramp in international drilling in the second half of the year, RBC Capital said.

Noble (NE) was downgraded at RBC Capital to sector perform from outperform. Valuation call, based on a 12-month price target of $40, RBC Capital said.

National Oilwell (NOV) was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $86. Offshore drilling market faces headwinds, RBC Capital said.

Oceaneering (OII) was upgraded at RBC Capital to outperform from sector perform. Twelve-month price target is $89. Company has one of the few secular growth stories in the industry, RBC Capital said.

PDC Energy (PDCE) was upgraded at Wells Fargo to outperform from market perform. Stock has lagged and trades at an attractive discount to net asset value, Wells Fargo said.

Panera (PNRA) was upgraded at Wells Fargo to outperform from market perform. New traffic growth should drive a higher multiple, Wells Fargo said.

Patterson-UTI (PTEN) was upgraded at RBC Capital to outperform from sector perform. Twelve-month price target is $29. Company is growing its position in the Tier 1 land rig market and deserves a higher multiple, RBC Capital said.

Rite Aid (RAD) was upgraded at J.P. Morgan to overweight from neutral. Retail pharmacy is positioned well across the board, J.P. Morgan said.

Rowan (RDC) was upgraded at RBC Capital to outperform from sector perform. Twelve-month price target is $40. Company has limited exposure to the legacy floater market, which is deteriorating, RBC Capital said.

Transocean (RIG) was downgraded at RBC Capital to sector perform from outperform. Valuation call, based on a $54 price target, RBC Capital said.

Starbucks (SBUX) was initiated at UBS with a neutral rating. Limited near-term share upside, despite powerful business model, UBS said. Twelve-month price target is $83.

China Petroleum & Chemical (SNP) upgraded to buy at TheStreet Ratings.

Container Store (TCS) was downgraded to neutral at Bank of America/Merrill Lynch. Twelve-month price target is $46. Company lacks near-term catalysts, BofA/Merrill said.

TripAdvisor (TRIP) was upgraded to buy at TheStreet Ratings.

Twitter (TWTR) was downgraded at Cantor Fitzgerald to sell from hold. Valuation call, based on a $32 price target, Cantor said.

US Bancorp (USB) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a 12-month price target $44, Credit Suisse said.

Valeant (VRX) was upgraded at Morgan Stanley to overweight from equal-weight. Twelve-month price target is $145. Company's pricing and growth potential is underappreciated in the market, Morgan Stanley said.

YUM Brands (YUM) was initiated at UBS with a buy rating. Driven by franchisee-led global unit growth and exposure to fastest growing consumer economies, coupled with a faster recovery in China, UBS said. $85 price target.

Zoetis (ZTS) was downgraded at Morgan Stanley to equal-weight from overweight. Company lacks near-term catalysts, Morgan Stanley said.

Stock Comments / EPS Changes

McKesson (MCK) estimates, price target were raised at Credit Suisse. Twelve-month price target is now $189. Estimates were also increased, based on the expected Elliott deal, Credit Suisse said. Outperform rating.

Micron (MU) estimates, price target were boosted at Credit Suisse. Twelve-month price target is now $30. Estimates were also increased, given solid structural demand, Credit Suisse said. Outperform rating.

Yelp (YELP) estimates, price target were increased at J.P. Morgan. Twelve-month price target is now $89. Estimates were also increased, as studies show strong local ad coverage and deal demand, J.P. Morgan said.

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This article was written by a staff member of TheStreet.

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