Analyst Actions -- 9/9/2011

 | Sep 09, 2011 | 7:53 AM EDT  | Comments
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Stock quotes in this article:

aa

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aep

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biib

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glw

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cov

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hs

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laz

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rimm

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sun

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txn

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wat

Alcoa estimates, target cut at UBS

Shares of AA now seen reaching $13, according to UBS. Estimates also lowered as midstream expected to face seasonal lull.  Neutral rating.

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American Electric estimates increased at Goldman

AEP estimates were raised through 2014, Goldman Sachs said. New rate settlement in Ohio is a positive. Neutral rating and $38 price target.

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Biogen upgraded at UBS

BIIB was upgraded from Neutral to Buy, UBS said. $113 price target.  More comfortable with BG-12's CONFIRM.

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Best Buy estimates, target cut at Jefferies

Shares of BBY now seen reaching $25, according to Jefferies.  Estimates also lowered as consumer spending looks set to slow.  Hold rating.

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Best Buy estimates lowered at JP Morgan

BBY estimates were cut through 2013, JP Morgan said. Company has low near-term sales visibility. Neutral rating and $30 price target.

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Carter's upgraded at Sterne Agee

CRI was upgraded from Neutral to Buy, Sterne Agee said.  $38 price target.  Gross margins should begin to recover from higher cotton costs.

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Cisco Systems upgraded at RBC

CSCO was upgraded from Underperform to Sector Perform, RBC Capital said. $17 price target. Worst may be behind the company.

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Corning estimates, target cut at Goldman

GLW estimates were reduced through 2013, Goldman Sachs said. Company lowered its guidance. Neutral rating and new $16 price target.

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Corning estimates, target cut at UBS

Shares of GLW now seen reaching $20, according to UBS.  Estimates also cut on lower guidance on display and gorilla glass.

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Covidien estimates, target reduced at Goldman

Shares of COV now seen reaching $59, according to Goldman Sachs. Company is seeing lower sales and rising operating costs. Buy rating.

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HealthSpring estimates raised at UBS

HS estimates increased through 2012, UBS said.  M&A pipeline remains active despite CareMore/Arcadian transactions.  Maintain $52 price target and Buy rating.

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Joy Global estimates lowered at KeyBanc

JOYG estimates lowered through 2013, KeyBanc said.  Ongoing concerns about global growth.  Maintain Hold rating.

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Lab Corp. of America estimates upped at Credit Suisse

LH estimates were boosted through 2013, Credit Suisse said. Company extended its agreement with UNH. Neutral rating and $102 price target.

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Las Vegas Sands numbers raised at JP Morgan

Shares of LVS now seen reaching $59, according to JP Morgan. Estimates also increased, as Asia continues to drive growth. Overweight rating.

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Lazard downgraded at Ticonderoga

LAZ was downgraded from Buy to Neutral, Ticonderoga Securities said. Debt concerns could push out a recovery in M&A activity.

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Mohawk Industries numbers reduced at Credit Suisse

Shares of MHK now seen reaching $47, according to Credit Suisse. Estimates also cut, as the company delayed price increases. Neutral rating.

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ProLogic rated new Hold at KeyBanc

PLD was initiated with a Hold rating, KeyBanc said.  Merger integration risk.

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Research in Motion downgraded at Jefferies

RIMM was downgraded from Hold to Underperform, Jefferies said. $25 price target. Lackluster sell-through, competition, and valuation.

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Research in Motion target increased at UBS

RIMM price target increased to $32, UBS said.  BB& roll out should help near term trends.  Neutral rating.

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RPM International upgraded at Credit Suisse

RPM was upgraded to Neutral from Underperform, Credit Suisse said. Valuation call, based on a $24 price target.

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Smithfield Foods numbers cut at Credit Suisse

SFD estimates were lowered through 2014, Credit Suisse said. Hog production margins are slowing. Neutral rating and new $23 price target.

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Sunoco upgraded at Goldman

SUN was upgraded from Sell to Neutral, Goldman Sachs said. $47 price target. Exiting the refinery business increases the company's sum-of-the-parts value.

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Tesoro downgraded at Goldman

TSO was downgraded to Sell, Goldman Sachs said. $22 price target. Company is leveraged to falling West Coast

refining margins.

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Texas Instruments estimates cut at Credit Suisse

TXN estimates were reduced through 2012, Credit Suisse said. Company is seeing lower sales. Outperform rating and $40 price target.

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Texas Instruments estimates, target lowered at UBS

Shares of TXN now seen reaching $28, according to UBS. Estimates also cut on lower company outlook for the September quarter.

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Waters target lowered at UBS

WAT price target cut to $87, UBS said.  Multiple compression on the group reduces upside potential.  Neutral rating.

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