Hospira (HSP) (TEO) (TRGT) (UEIC) (KEY) (LSTR) Downgraded

Hospira (NYSE: HSP), Telecom Argentina (NYSE: TEO), Targacept (NASDAQ: TRGT), Universal Electronics (NASDAQ: UEIC), KeyBanc (NYSE: KEY) and Landstar System (NASDAQ: LSTR) were downgraded by analysts.

Hospira (HSP) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

Telecom Argentina (TEO) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.

Targacept (TRGT) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

Universal Electronics (UEIC) was downgraded by Zacks Investment Research from a “Neutral” rating to an “Underperform” rating.

KeyBanc (KEY) was downgraded by Sandler O’Neill from a “Buy” rating to a “Hold” rating.

Landstar System LSTR) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating.

Insulet (PODD) (PPG) (RPM) (SHW) Get New Coverage

Insulet Corp. (NASDAQ: PODD), PPG (NYSE: PPG), RPM International Inc. (NYSE: RPM) and The Sherwin Williams Co. (NYSE: SHW) get new coverage from analysts.

Feltl & Co. initiated coverage on Insulet Corp. (PODD). They placed a “Buy” rating and a price target of $19.80 on the company.

KeyBanc initiated coverage on PPG (NYSE: PPG). They placed a “Hold” rating on the company.

KeyBanc initiated coverage on RPM International Inc. (RPM). They placed a “Buy” rating and a price target of $24.00 on the company.

KeyBanc initiated coverage on The Sherwin Williams Co. (SHW). They placed a “Hold” rating on the company.

Ratings on (HEV) (HSP) (IDA) (KIM) Downgraded

Ratings on shares of Ener1, Inc. (NYSE: HEV), Hospira, Inc. (NYSE: HSP), Idacorp, Inc. (NYSE: IDA) and Kimco Realty Co. (NYSE: KIM) were downgraded by analysts.

Wunderlich downgraded Ener1, Inc. (HEV) from a “hold” rating to a “sell” rating. They have a price target of $1.00 on the company, down from $3.50.

Goldman Sachs (NYSE:GS) downgraded Hospira, Inc. (HSP) to a “neutral” rating.

Keybanc downgraded IDACORP, Inc. (IDA) from a “buy” rating to a “hold” rating.

UBS AG (NYSE:UBS) downgraded Kimco Realty Co. (KIM) from a “buy” rating to a “neutral” rating.

A. Schulman (NASDAQ:SHLM) Lacks Catalyst to Boost Share Price

Citing rising costs of raw materials and a lowered EPS outlook, KeyBanc says A. Schulman (NASDAQ:SHLM) lacks a catalyst to drive the share price of the stock.

KeyBanc said, "Given a disappointing start to FY11, downward revision to our earnings outlook with a good portion being back-end loaded and the potential for rising raw materials costs to add wrinkles as the year unfolds, we are revising our rating on SHLM to HOLD from BUY. While the stock's weakness yesterday (Thursday) discounts the weak fiscal 1Q11 to some degree, we believe our HOLD rating is appropriate given the lack of a good catalyst to drive momentum in the stock."

KeyBanc downgraded A. Schulman from "Buy" to "Hold." They closed Friday at $20.45, gaining $0.14, or 0.69 percent.

Ametek's (NYSE:AME) Estimates Expected to Go Higher

According to KeyBanc, Ametek Inc. (NYSE:AME) still has room to run in 2011, and they expect estimates to gradually move higher through the year.

KeyBanc said, "AME is one of our top industrial technology ideas for 2011, as we believe there is still a solid amount of "runway" available for estimates to gradually move higher as the year progresses, based upon a combination of factors...We are maintaining our 2010 estimate of $1.73, including a 4Q10 estimate (December) of $0.47 vs. $0.32. Our 2011 estimate remains unchanged at $2.00, and we are establishing an initial 2012 estimate of $2.23. All of our estimates have been adjusted to reflect AME's previously disclosed three-for-two stock split effective in late December 2010. AME is scheduled to report 4Q10 results before the market open on January 27, 2011."

KeyBanc maintains a "Buy" rating on Ametek Inc., which closed Thursday at $39.34, up $0.03, or 0.08 percent. KeyBanc raised their price target on them from $41 to $45.

Diamond Foods (NASDAQ:DMND) Emerald and Kettle Long-term Growth Prospects Look Good

Prospects for Diamond Foods (NASDAQ:DMND) Emerald and Kettle's long-term growth look good, says KeyBanc, and they believe Diamond will have another good year.

KeyBanc said, "We are raising our price target on BUY-rated Diamond Foods to $60 to reflect our continued optimism regarding Emerald and Kettle's long-term growth prospects and our belief that the Company will have another good year in FY11. We believe that DMND has the potential to earn $4.50 in EPS by FY14 (implying a four-year CAGR of 24%) owing to the continued growth of its Emerald brand and the addition of Kettle. The focus of this note is on the drivers of our long-term sales and EPS targets and on our updated valuation framework."

KeyBanc maintains a "Buy" rating on Diamond Foods, which closed Wednesday at $52.01, down $0.19, or 0.36 percent. KeyBanc raised their price target on Diamond from $52 to $60.

Regal Beloit (NYSE:RBC) Margins Under Pressure with Rising Copper Prices

Rising copper prices has forced KeyBanc to re-evaluate their margin outlook for Regal Beloit (NYSE:RBC), which they believe will be under pressure in the first half of 2011.

KeyBanc said, "We are updating our model to include the acquisition of A.O. Smith's (NYSE:AOS) motor business and refreshing our early 2011 margin outlook following an extensive analysis of the near-term impact of copper inflation. Following an in-depth look at the earnings sensitivity surrounding the recent escalation in copper prices, we come away more cautious on the margin trajectory heading into 1H11 and believe these pressures are likely to create a temporary period of earnings volatility as price actions take time to catch up. We believe consensus expectations for 1H11 do not adequately reflect the full impact of these headwinds (we are modeling $0.20/share) and believe shares could come under pressure near-term following a healthy run in the stock."

KeyBanc reiterates a "Buy" rating on Regal Beloit, which was trading at $68.46, up $0.12, or 0.18 percent, as of 2:34 PM EST. They boosted their price target on them from $79 to $82.

RPM International (NYSE:RPM) Key Drivers Remain Intact

Saying the key drivers of RPM International (NYSE:RPM) remain intact, KeyBanc raised their price target on the company from $25 to $26, although they lowered their EPS estimate for 2011 based on higher costs of raw materials.

KeyBanc said, "we see RPM returning to mid single-digit volume growth and good earnings growth to the $1.55 level with potential upside from potential acquisition growth."

They lowered their 2Q11 EPS estimate from $0.38 to $0.35.

KeyBanc maintains a "Buy" rating on RPM International, which last closed at $21.97, down $0.29, or 1.30 percent. KeyBanc raised their price target on them from $25 to $26.

Altra Holdings (NASDAQ:AIMC) Led by Industrial MRO Demand

The current momentum being enjoyed by Altra Holdings (NASDAQ:AIMC) should propel them strongly into 2011, as confidence is they should continue to grow at the current levels.

Later cycle markets and better visibility in industrial capital spending will also offer support to Altra.

Consequently, their EPS estimates for full year 2010 and 2011 were raised to $1.01 and $1.25 from $1.00 and $1.20 by KeyBanc. KeyBanc has also initiated an EPS estimate for full year 2012 of $1.45.

KeyBanc reiterates their "Buy" rating on Altra Holdings, which closed Tuesday at $20.69, up $0.59, or 2.94 percent. They raised their price target from $19 to $23 on them.

Darden Restaurants' (NYSE:DRI) Longhorn Performance Outstanding

Darden Restaurants (NYSE:DRI) is being driven at this time by the outstanding SSS performance of LongHorn, although questions remain as to the sustainability of the SSS performances of Olive Garden and Red Lobster.

KeyBank said, "the outstanding SSS performance at LongHorn, the improving SSS momentum at both Olive Garden and Red Lobster throughout the quarter, continued strong, near-peak margin performance in the 2Q despite the miss in blended SSS, and continued out-performance at the Company's growth brand LongHorn," has encouraged them to maintain their rating on Darden and raise their price target on them as well.

KeyBanc maintains a "Buy" rating on Darden Restaurants, which closed Tuesday at $47.54, down $2.89, or 5.73 percent. KeyBanc raised their price target on them from $50 to $56.