NEW YORK (TheStreet) -- CHANGE IN RATINGS:Apple AAPL was downgraded at Pacific Crest to sector perform. High end of the market appears saturated, Pacific Crest said. Estimates also cut. Cascade Bancorp CACB was upgraded to hold at TheStreet Ratings. Dell DELL was downgraded at Argus from buy to hold. Stock has already made a big run on takeover speculation, Argus said. Ironwood Pharmaceutical IRWD was downgraded at UBS to sell from neutral. $11.50 price target. Expectations too high, UBS said. Ironwood Pharmaceuticals was downgraded to sell at TheStreet Ratings. Intermune ITMN was upgraded at UBS to buy from neutral. $15 price target. Short-term hurdles removed, UBS said. Kellogg K was downgraded at Credit Suisse from neutral to underperform. Valuation call, based on a $55 price target, Credit Suisse said. Mead Johnson MJN was downgraded at Credit Suisse from outperform to neutral. Estimates were also cut, given lower expected sales growth, Credit Suisse said. $76 price target. Sealed Air SEE was upgraded at Citigroup to buy from neutral. $22 price target. Operational improvement under an aggressive new leadership, Citi said. Valmont VMI was initiated with a neutral rating at Wedbush. $160 price target. Valuation call, as the stock is up 47% over the past year, Wedbush said. Whiting Petroleum WLL was upgraded at Sterne Agee to buy. $62 price target. Company is looking to raise cash for acquisitions, to pay down debt or to offer a dividend, Sterne Agee said.
STOCK COMMENTS / EPS CHANGESApple AAPL estimates, target cut at BofA/Merrill. AAPL estimates were reduced through 2015, Bank of America/Merrill Lynch said. Company is facing increased smartphone competition. Buy rating and new $630 price target. Atmel AMTL estimates, target raised at Canaccord. Shares of ATML now seen reaching $8, according to Canaccord Genuity. Estimates also increased, given higher netbook touch penetration. Buy rating. Boeing BA cut from Conviction Buy List at Goldman. 787 risks continue to mount. $90 price target. Bristol Myers Squibb BMY numbers raised at Jefferies. Shares of BMY now seen reaching $39, Jefferies said. Estimates also raised on big year for clinical trial results. Buy rating. Eaton Vance EV numbers increased at BMO. EV estimates were raised through 2014, BMO Capital said. Company is attracting more assets. Market Perform rating and new $32 price target. Express EXPR estimates, target upped at BMO. EXPR estimates were boosted through 2013, BMO Capital said. Company saw higher demand throughout the holidays. Outperform rating and new $19 price target. Facebook FB target boosted at BofA/Merrill to $35. New advertising formats and mobile traction should continue to drive revenue acceleration. Buy rating. Google GOOG estimates lowered at Canaccord through 2014, Canaccord Genuity said. Expect lower Nexus margins and higher acquisition costs. Buy rating and $810 price target. Lululemon LULU estimates, target cut at Credit Suisse. Shares of LULU now seen reaching $79, according to Credit Suisse. Estimates also reduced, given moderating comp sales. Neutral rating. Marathon Oil MRO numbers raised at Oppenheimer. Shares of MRO now seen reaching $40, Oppenhiemer said. Estimates also raised on improved outlook. Outperform rating. Pfizer PFE numbers raised at Jefferies. Shares of PFE now seen reaching $31, Jefferies said. Estimates also raised on big year for clinical results. Buy rating. >To submit a news tip, email: firstname.lastname@example.org.
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