Analysts' Actions: BTU CG CVA PNRA TSLA

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Arlington Asset Investment (AI) was upgraded to buy at TheStreet Ratings.

Alpha Natural Resources (ANR) was downgraded at UBS to neutral from buy. Challenging met coal outlook, UBS said. Twelve-month price target is $5.

BT Group (BT) was downgraded to hold at TheStreet Ratings.

Peabody Energy (BTU) was downgraded at UBS to neutral from buy. Driven by lower coal price deck, UBS said. Twelve-month price target is $17.

Carlyle Group (CG) was upgraded at UBS to buy from neutral. Growth driven by new products and push into retail, and hiring of JPMorgan Chase (JPM) executive is seen as a significant win, UBS said. Twelve-month price target is $38.

Carbo Ceramics (CRR) was upgraded at Sterne Agee to buy. Twelve-month price target is $150. Company can generate strong earnings growth over the next few years, Sterne Agee said.

Covanta (CVA) was upgraded at Robert Baird to outperform from neutral. Twelve-month price target is $21. New York City contract should boost growth in the second half of the year, Robert Baird said.

Garmin (GRMN) was upgraded to buy from neutral at Citigroup. Twelve-month price target is $65. Demand for wearable devices should boost growth, Citigroup said.

Lazard (LAZ) was upgraded at Nomura to buy. Twelve-month price target is $54. Company is seeing favorable organic growth trends and gaining market share in advisory, Nomura said.

Panera Bread (PNRA) was downgraded at Wunderlich to hold from buy. Twelve-month price target is $190. Company will likely post lumpy earnings in the coming quarters, Wunderlich said.

Tesla (TSLA) was initiated at UBS with a neutral rating. Lowering battery and variable-components cost is critical to long-term success, UBS said. Twelve-month price target is $230.

Stock Comments / EPS Changes

CONSOL Energy (CNX) was downgraded at UBS to neutral from buy. Valuation call. Twelve-month price target is $42.

McCormick (MKC) estimates, price target were raised at Credit Suisse. Twelve-month price target is now $72. Estimates were also increased, given higher international growth, Credit Suisse said. Neutral rating.

McCormick 12-month price target was raised at Jefferies to $72. Driven by strong organic growth rate as Industrial benefited from easy revenue and margin comps, Jefferies said. Hold rating.

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This article was written by a staff member of TheStreet.

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