Analysts Actions: DOV, CELG, JCI, GOOG
Acorn Energy (ACFN) upgraded to Hold at TheStreet Ratings.
AmerisourceBergen(ABC) downgraded Overweight to Equal-weight at Morgan Stanley. Company trades at a premium valuation and lacks near-term catalysts.
American Tower (AMT) downgraded at Piper Overweight to Neutral. Valuation call, based on a $70 price target.
Alpha Natural (ANR) upgraded at Nomura to Buy. $20 price target. Met coal prices appear to have bottomed and there are less fears about the CAPP steam market, Nomura said.
Associated Banc-Corp (ASBC) downgraded to Hold at TheStreet Ratings.
Celgene(CELG) downgraded to Hold at Auriga USA. Valuation call, based on an $82 price target.
Consol Energy (CNX) downgraded from Outperform to Neutral at Credit Suisse said. Valuation call, based on a $40 price target.
Dover(DOV) rated new Outperform at BMO Capital with a $77 price target. Company has a diversified business with strong growth potential.
Dover(DOV) upgraded from Underweight to Equal-weight at Morgan Stanley. Valuation call, based on a $65 price target.
Illinois Tool Works (ITW) downgraded to Underweight at Morgan Stanley with a $56 price target. Stock should trade at a discount to its peers.
Johnson Controls (JCI) upgraded from Hold to Buy at Deutsche Bank with a $39 price target. Sentiment has become too bearish in the near term.
Lennar(LEN) upgraded to Buy from Hold at KeyBanc with a $32 price target. Sustained local job growth supports shift to fundamental growth.
MarketAxess(MKTX) upgraded to Outperform at Keefe, Bruyette & Woods with $40 price target. Fears of increased competition from BLK appear overblown.
Navigators Group (NAVG) downgraded to Hold at TheStreet Ratings.
PulteGroup(PHM) upgraded to Buy from Hold, at KeyBanc with an $11 price target. Sustained local job growth supports shift to fundamental growth.
PPL(PPL) cut from Conviction Buy List at Goldman Sachs. According to Goldman, the company is being hurt by lower natural gas prices.
SBA Communications (SBAC) upgraded at Piper to Overweight. Valuation call, based on a $60 price target.
Toll Brothers (TOL) upgraded from Hold to Buy at Keybanc with a $31 price target. Company should benefit from sustained local job growth.
VMWare(VMW) was initiated with an Overweight rating at Piper Jaffray. $125 price target. Company is a global leader and can continue to grow earnings, Piper Jaffray said.
STOCK COMMENTS / EPS CHANGES
Altera(ALTR) estimates lowered through 2013 at UBS. Company needs to reassure the market of expected 3G spending growth in China, UBS said. Buy rating and $42.50 price target.
Associated Banc-Corp (ASBC) numbers raised at Oppenheimer. Shares of ASBC now seen reaching $15, Oppenheimer said. Estimates also raised ahead of first quarter results. Outperform rating.
Broadcom(BRCM) estimates, target upped at Credit Suisse. BRCM estimates were boosted through 2013, Credit Suisse said. Company remains leveraged to smartphone and tablet computer growth. Outperform rating and new $50 price target.