Analyst Calls: ANDS, AZO, CHRW, CR, CRM, FDO, GIS, K, NAV, ORCL ...

Analyst Upgrades

Baird upgraded C.H. Robinson (CHRW) to outperform from neutral and has a $67 target on the stock. The firm upgraded shares citing growth opportunities given the capacity constrained environment.
UBS upgraded Navistar (NAV) to buy from neutral, citing improved trucker preferences towards the company's engine technology.
KeyBanc upgraded Crane (CR) to buy from hold based on valuation stabilization and potential upside in aerospace, among other reasons. The firm has a $39 target on the stock.
United Therapeutics (UTHR) was upgraded to overweight from neutral at JPMorgan.
Equifax (EFX) was upgraded to overweight from equal weight at Stephens.
Brown & Brown (BRO) was upgraded to buy from hold at Citigroup.

Analyst Downgrades

Credit Suisse downgraded Autozone (AZO) to neutral from outperform, citing relative valuation. The firm also lowered its price target to $198.
JMP Securities downgraded Anadys (ANDS) to market perform from outperform. The firm believes Anadys needs to find a partner for ANA598 and believes an attractive deal could be difficult given competition.
JPMorgan downgraded Ensco (ESV) to neutral from overweight, citing contract risk and Gulf exposure. The firm has a $45 price target for shares.
Aegon (AEG) was downgraded to market perform from outperform at Keefe Bruyette.
Soleil downgraded PNM Resources (PNM) to hold from buy.

Analyst Initiations

Cantor Fitzgerald initiated General Mills (GIS) with a hold rating and $39 target. The firm does not believe that any of General Mills' three segments are poised to outperform and the firm would wait for a better entry point to purchase the stock.
Cantor Fitzgerald also initiated Kellogg (K) with a buy rating and $63 target. The firm believes that Kellogg's current share price provides an attractive entry point. The firm thinks the company will likely surpass its 7% to 9% EPS growth target next year.
BB&T started Family Dollar (FDO) with a buy rating and $48 target.
Epicor Software (EPIC) and Kenexa (KNXA) were initiated with market perform ratings at Morgan Keegan. The firm also initiated Oracle (ORCL) and Salesforce.com (CRM) with outperform ratings.
CACI International (CACI) was initiated with a hold rating at C.K. Cooper.