Analysts' Actions: CHS IBM LUV MS GOOG

NEW YORK (TheStreet) -- RATINGS CHANGES

Basic Energy (BAS) was upgraded at Wunderlich to hold from sell. Twelve-month price target is $27. Cycle seems to be turning in the company's favor, Wunderlich said.

Chico's FAS (CHS) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $19. Company has multiple potential catalysts, FBR Capital Markets said.

Carlisle (CSL) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $90. Recent survey suggests a recovery in the nonresidential construction market could materialize later this year, FBR Capital Markets said.

Catamaran (CTRX) was upgraded at Oppenheimer to outperform from perform. Valuation call, based on a 12-month price target of $50.

Equinix (EQIX) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $210. Valuation call, as the stock is down 12% in recent weeks, Oppenheimer said.

Forum Energy Technologies (FET) was upgraded to buy at TheStreet Ratings.

IBM (IBM) was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $200, Citigroup said.

Ingram Micro (IM) was upgraded at Citigroup to buy from neutral. Twelve-month price target is $35. Company is cutting costs and could exceed consensus earnings expectations, Citigroup said.

Key Energy (KEG) was upgraded at Wunderlich to hold from sell. Twelve-month price target is $9. Headwinds appear to be easing, Wunderlich said.

Southwest Airlines (LUV) was upgraded at Argus to buy from hold. Twelve-month price target is $28. Company is growing revenue and cutting costs, Argus said.

Morgan Stanley (MS) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $35. Risk/reward is attractive following the recent pullback, Bank of America/Merrill said.

NQ Mobile (NQ) was downgraded to sell at TheStreet Ratings.

Nexstar (NXST) was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $47. Valuation call, given the company's solid free cash flow prospects, Wedbush said.

Petsmart (PETM) was downgraded at Bank of America/Merrill to underperform from neutral. Twelve-month price target is $60. Company is facing increased competition, especially for super premium natural food, Bank of America/Merrill said.

Pier 1 Imports (PIR) was upgraded at Barclays to overweight from equal-weight. Driven by one-off operational challenges and expectations that high capex payoff will start in 2014, Barclays said. Twelve-month price target is $23.

Qlik (QLIK) was upgraded at Mizuho to buy from neutral. Valuation call, based on a 12-month price target of $32.

Sharp (SHCAY) was downgraded at Jefferies to underperform from hold. Driven by report that company is considering raising additional capital, Jefferies said. Twelve-month price target is $2.30.

TPG Specialty Lending (TSLX) was initiated at Barclays with an equal-weight rating. Even though the stock is trading at a premium, the company's direct origination strategy and relationship with TPG Capital are competitive advantages, Barclays said. $17 price target.

Stock Comments / EPS Changes

Burger King Worldwide (BKW) 12-month price target was raised at Barclays. Improving macro and comp uptick are primary catalysts, Barclays said. Twelve-month price target is $25.

Estee Lauder (EL) was added to the Conviction Buy List at Goldman Sachs. Company has a strong market position, but the company is trading at trough levels, Goldman said.

Google (GOOG) 12-month price target, EPS estimates were raised at Jefferies. Catalysts include removing Motorola's operating losses from model and adding Class C dividend, Jefferies said. Twelve-month price target is now $700.

M&T Bank (MTB) numbers were increased at Credit Suisse. Estimates were raised through 2016. Company is keeping a tight lid on costs, Credit Suisse said. Neutral rating and new 12-month price target of $128.

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This article was written by a staff member of TheStreet.

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