Analyst Calls: BA, BZH, FTO, HANS, IACI, LMT, MT, SMSC, STI, TRNO, WDR ...

Analyst Upgrades

Oppenheimer upgraded Boeing (BA) two notches to outperform from underperform to reflect, among other things, the company's plans to accelerate 777 and 747-8 production. The firm raised its price target for shares to $80 from $56. Boeing was also upgraded to outperform from neutral at Cowen.
FBR Capital upgraded Waddell & Reed (WDR) to outperform from market perform on expectations the company will outperform peers. The firm raised its target for shares to $40 from $36.
Morgan Keegan upgraded Standard Microsystems (SMSC) to outperform from market perform. The firm has increased optimism that the company will benefit from continued strength in the PC end market.
Genuine Parts (GPC) was upgraded to conviction buy from neutral at Goldman.
Halozyme Therapeutics (HALO) was upgraded to buy from hold at Brean Murray.
Medtronic (MDT) was upgraded to buy from hold at Lazard Capital.

Analyst Downgrades

Oppenheimer downgraded Lockheed Martin (LMT) to perform from outperform, citing valuation. The firm has a $90 price target on shares.
Janney Montgomery downgraded SunTrust (STI) to neutral from buy on valuation. The firm keeps a $28 price target for the stock.
Wells Fargo downgraded Beazer Homes (BZH) to underperform from market perform, citing concerns over the pace of the housing recovery and the company's unprofitability.
ArcelorMittal (MT) was downgraded to buy from conviction buy at Goldman.
InterActiveCorp (IACI) was downgraded to neutral from buy at UBS.
Akamai (AKAM) was downgraded to hold from buy at Citigroup.

Analyst Initiations

Standpoint Research started Hansen Natural (HANS) with a buy rating and $54 target.
Terreno Realty (TRNO) was initiated with a buy rating and $23 target at KeyBanc, with a buy rating and $21 target at Stifel Nicolaus and with an outperform rating and $22 target at Baird.
JPMorgan initiated Piedmont Office Realty (PDM) with an overweight rating and $20 target.
Solar Capital (SLRC) was initiated with a buy rating and $24 target at BB&T.
Carmike Cinemas (CKEC) was initiated with a market perform rating at Barrington.
Frontier Oil (FTO) was initiated with an outperform rating and $16 target at Bernstein.