Analyst Actions -- 10/18/2011

 | Oct 18, 2011 | 7:07 AM EDT  | Comments
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Stock quotes in this article:

whr

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wag

,

vmw

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qcom

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ibm

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hal

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coh

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c

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brcm

Anadarko Petroleum upgraded at Oppenheimer

APC was upgraded from Perform to Outperform, Oppenheimer said.  $90 price target.  Recent settlement with BP regarding Macondo oil spill liabilities is a positive.

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Baker Hughes rated new Buy at Sterne Agee

BHI was initiated with a Buy rating, Sterne Agee said.  $71 price target.  Steps taken to restrucutre its organization to a geomarket focus.

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Boeing estimates raised at JP Morgan

BA estimates increased through 2011 on higher than expected 777 and 737 deliveries, JP Morgan said.  Maintain $85 price target and Overweight rating.

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Brigham Exploration downgraded at BMO

BEXP was downgraded from Outperform to Market Perform, BMO Capital Markets said.  $37 price target.  Announcement company has agreed to be acquired by Statoil ASA.

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Broadcom rated new Buy at Societe Generale

BRCM was initiated with a Buy rating, Societe Generale said. $41 price target. Company should continue to augment solid growth with acquisitions.

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Cameron International rated new Buy at Sterne Agee

CAM was initiated with a Buy rating, Sterne Agee said.  $57 price target.  Healthy backlog and diverse exposure to deepwater drilling.

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CareFusion rated new Market Perform at BMO

CFN was initiated with a Market Perform rating, BMO Capital Markets said.  $26 price target.  Diversified turnaround story.

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Charter Communications rated new Outperform at Credit Suisse

CHTR was initiated with an Outperform rating, Credit Suisse said. $60 price target. Fundamentals are improving and the company generates solid free cash flow.

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Chesapeake Energy downgraded at JP Morgan

CHK was downgraded from Overweight to Neutral, JP Morgan said.  $49.50 price target.  Cautious on Utica JV and apparent cash flow shortfall.

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Citigroup estimates, target reduced at Credit Suisse

Shares of C now seen reaching $45, according to Credit Suisse. Estimates also cut, given slower expected macro growth. Neutral rating.

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Citigroup estimates cut at UBS

C estimates lowered through 2012, UBS said.  Lower expected reserve releases and weaker capital markets activity.  Maintain $43 price target and Buy rating. 

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Coach rated new Hold at Deutsche

Coverage of COH was started with a Hold rating, Deutsche Bank said. $66 price target. Luxury spending could slow in the coming quarters.

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El Paso Pipeline downgraded at Morgan Keegan

EPB was downgraded to Market Perform, Morgan Keegan said. $36 price target. Sale of the parent to Kinder Morgan could hurt the value of the pipeline business.

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Gannet estimates lowered at UBS

GCI estimates lowered through 2012, UBS said.  Worse than expected TV and print trends.  Maintain $10 price target and Neutral rating.

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Halliburton estimates, target cut at Credit Suisse

Shares of HAL now seen reaching $59, according to Credit Suisse. Estimates also reduced, as the company lacks visibility for customer demand. Outperform rating.

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Halliburton downgraded at Guggenheim

HAL was downgraded from Buy to Neutral, Guggenheim said. $45 price target. Estimates also cut, as the pressure pumping market appears to have peaked.

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Halliburton estimates, target lowered at UBS

Shares of HAL now seen reaching $56, according to UBS.  Estimates also lowered on reduced NAM margin assumptions.  Buy rating.

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IBM downgraded at BMO

IBM was downgraded from Outperform to Market Perform, BMO Capital Markets said.  $190 price target.  Results largely in line, but modestly disappointing on the top line.

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IBM estimates increased at Credit Suisse

IBM estimates were raised through 2012, Credit Suisse said. Company continues to deliver solid growth. Neutral rating and $175 price target.

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IBM estimates increased at UBS

IBM estimates raised through 2012, UBS said.  Q3 upside, lower opex, taxes and share count.  Maintain 180price target and Neutral rating. 

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Lincare Holdings estimates raised at UBS

LNCR estimates increased through 2011 on business diversification, UBS said.  Maintain $35 price target and Buy rating.

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National Oilwell Varco rated new Buy at Sterne Agee

NOV was initiated with a Buy rating, Sterne Agee said.  $81 price target.  Well positioned to deliver rising earnings over the next several years, fueld by a robust backlog.

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PetSmart rated new Buy at ThinkEquity

PETM was initiated with a Buy rating, ThinkEquity said.  $53 price target.  Retail leader in an area historically resilient to macro headwinds.

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Qualcomm rated new Hold at Societe Generale

Coverage of QCOM was started with a Hold rating, Societe Generale said. $55.50 price target. Company is starting to face increased competition.

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VMWare added to Conviction Buy List at Goldman

VMW was placed on the Conviction Buy list, Goldman Sachs said. Company has set expectations at a reasonable level. $120 price target.

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VMWare downgraded at Jefferies

VMW was downgraded from Buy to Hold, Jefferies said. $90 price target. License growth appears to be slowing.

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VMware estimates, target adjusted at UBS

Shares of VMW now seen reaching $115, according to UBS.  Estimates increased on strongest FQ3 bookings growth in four years.  Buy rating. 

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Walgreen downgraded at Jefferies

WAG was downgraded from Buy to Hold, Jefferies said. $36 price target. Company is losing bargaining power with the PBM's.

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Whirlpool downgraded at Goldman

WHR was downgraded to Sell, Goldman Sachs said. $42 price target. Company is facing increased competition in Brazil.

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