Analysts' Actions: AKAM, HES, GD, MAR
Akamai(AKAM) upgraded to Buy from Hold at Jefferies. $42 price target. Improving fundamentals and growth acceleration.
Autonation(AN) upgraded at UBS to Neutral from Sell. $34 price target. Valuation back in line with peers.
Air Products (APD) upgraded at Morgan Stanley to Equal-weight from Underweight. Valuation call, based on a $92 price target.
Citrix Systems (CTXS) upgraded at FBR to Outperform. $100 price target. Company has a lot of operating momentum and is leveraged to continued growth of the virtualization market.
Citrix Systems (CTXS) upgraded at Mizuho to Buy from Neutral. Company continues to grow its core business.
Forest Laboratories (FRX) was initiated with a Hold rating at Auriga USA. $36 price target. Company lacks near-term catalysts.
General Dynamics (GD) downgraded to Equal-Weight from Overweight at Morgan Stanley said. Defense business remains soft.
Hess(HES) was downgraded to Neutral from Outperform at Credit Suisse. $70 price target. Stock was also cut from the Focus List. Company cut production guidance and is spending more on capital expenditures.
Hess(HES) was downgraded to Neutral at JP Morgan. $68 price target. Company is producing less in the Bakken shale.
Hexcel(HXL) was upgraded to Buy from Neutral at Bank of America/Merrill Lynch. $34 price target. Company is seeing higher volume and margins.
Lennox(LII) was downgraded to Hold at TheStreet Ratings.
LogMeln(LOGM) was upgraded to Buy at TheStreet Ratings.
Marriott(MAR) was upgraded to Buy from Hold at Argus. $48 price target. Company is a consistent grower, keeps costs low and buys back stock.
NVR(NVR) was downgraded to Sell from Neutral at Guggenheim. Valuation call, based on a $675 price target.
Penske Automotive (PAG) was downgraded from Buy to Hold at Keybanc. Valuation call.
Rockwell Automation (ROK) was upgraded to Equal-weight from Underweight at Morgan Stanley. Valuation call, based on an $83 price target.
Texas Capital (TCBI) was upgraded to Buy at Sterne Agee. $41 price target. Company has good visibility for growth and increased profitability.
Torchmark(TMK) was upgraded to Neutral from Underperform at Sterne Agee. Business fundamentals appear to be improving. $56 price target.
Tempur-Pedic(TPX) was upgraded to Buy from Neutral at Hilliard Lyons. $70 price target. Stock appears oversold, following a 20% decline.
Travelers(TRV) was upgraded to Hold from Sell at Deutsche Bank. $62 price target. Earned rate improvement should exceed loss costs over the next few quarters.
STOCK COMMENTS / EPS CHANGES
Amgen(AMGN) numbers raised at UBS. Shares of AMGN now seen reaching $71, UBS said. Estimates also increased fo0llowing quarterly results. Neutral rating.
Boeing(BA) estimates, target raised at Morgan Stanley. Shares of BA now seen reaching $85, according to Morgan Stanley. Estimates also increased, given an early ramp in business. Overweight rating.