Analyst Calls: ARG, BX, CL, GLW, LECO, PALM, TEVA, TROW ...

Analyst Upgrades

JPMorgan upgraded T. Rowe Price (TROW) to overweight from neutral while downgrading Janus Capital (JNS) to underweight from neutral to reflect valuations and fundamentals. The firm has a $67 price target for T. Rowe Price shares.
Piper Jaffray upgraded Lincoln Electric (LECO) to overweight from neutral as it believes the rebound in global manufacturing is accelerating. The firm has a $70 price target on the stock.
Wells Fargo upgraded Highwoods Properties (HIW) to market perform from underperform, citing valuation and a strong balance sheet.
Corning (GLW) was upgraded to outperform from sector perform at RBC Capital.
Allergan (AGN) was upgraded to conviction buy from neutral at Goldman.
Mohawk (MHK) was upgraded to buy from neutral at SunTrust.

Analyst Downgrades

Piper Jaffray downgraded Airgas (ARG) to neutral from overweight to reflect valuation and channel checks that indicated a slowing end market recovery. The firm has a $60 price target for shares.
JPMorgan downgraded Janus Capital (JNS) to underweight from neutral to reflect valuations and fundamentals. The firm has a $15 price target for Janus shares; note that the company upgraded T. Rowe Price (TROW) to overweight from neutral.
Morgan Keegan downgraded Palm (PALM) to underperform from market perform. The firm does not believe Palm will be bought out in the near-term.
Colgate (CL) was downgraded to neutral from buy at SunTrust.
NeuStar (NSR) was downgraded to sector perform from outperform at RBC Capital.
Cognizant (CTSH) was downgraded to neutral from buy at Goldman.

Analyst Initiations

BMO Capital initiated Blackstone (BX) with a market perform rating.
Credit Suisse assumed Teva (TEVA) with an outperform rating.
William Blair started Heartland Payment (HPY) with a market perform rating.
Baltic Trading (BALT) was initiated with a buy rating and $20 target at Jefferies.
OpenTable (OPEN) was initiated with a neutral rating at Merriman.
FSI International (FSII) was initiated with a buy rating and $5.50 target at Needham.