ProLogis (PLD) (RRR) (TRW) (TXRH) Downgraded

ProLogis (NYSE: PLD), RSC Holdings Inc. (NYSE: RRR), TRW Automotive Holdings Corp. (NYSE: TRW) and Texas Roadhouse (NASDAQ: TXRH) downgraded by analysts.

ProLogis (PLD) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

RSC Holdings Inc. (RRR) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.

TRW Automotive Holdings Corp. (TRW) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

Texas Roadhouse (TXRH) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.

Cott (COT) (ONNN) (TRW) (ICE) EPS Estimates Changed

ON Semiconductor (NASDAQ: ONNN), TRW Automotive Holdings Corp. (NYSE: TRW), IntercontinentalExchange (NYSE: ICE) and Cott Co. (NYSE: COT) EPS estimates adjusted by analysts.

UBS AG (NYSE:UBS) lowered its EPS estimates on Cott Co. (COT). They have a “Buy” rating and a price target of $10.00 on the company.

Barclays Capital cut its EPS estimates on IntercontinentalExchange (ICE). They have an “Overweight” rating and a price target of $148.00 on the company.

Credit Suisse (NYSE:CS) lowered its EPS estimates on ON Semiconductor (ONNN). They have a “Neutral” rating and a price target of $10.00 on the company.

Credit Suisse raised its EPS estimates on TRW Automotive Holdings Corp. (TRW). They have an “Outperform” rating and a price target of $76.00 on the company.

Coverage on (PNNT) (ZUMZ) (ESL) (TRW) (AGU) Initiated by Analysts

PennantPark Investment (NASDAQ:PNNT), Zumiez Inc. (NASDAQ:ZUMZ), Esterline Technologies (NYSE:ESL), TRW Automotive (NYSE:TRW) and Agrium Inc. (NYSE:AGU) had coverage initiated on them by analysts.

FBR Capital Markets initiated coverage on PennantPark Investment (PNNT), starting them off with an "Outperform" rating. They placed a price target of $14 on the company.

Janney Montgomery Scott initiated coverage on Zumiez Inc. (ZUMZ), starting them off with a "Buy" rating. They placed a price target on the company of $33.

Credit Suisse (NYSE:CS) initiated coverage on Esterline Technologies (ESL), starting them off with an "Outperform" rating. They placed a price target of $81 on the company.

Deutsche Bank (NYSE:DB) initiated coverage on TRW Automotive (TRW), starting them off with a "Buy" rating. They placed a price target of $72 on the company.

Credit Suisse (NYSE:CS) initiated coverage on Agrium Inc. (AGU), starting them off with a "Neutral" rating. They lowered their price target from $111 to $108 on the company.

EPS On (SAM) (TRW) (WFR) (WXS) Updated by Analysts

The Boston Beer Company, Inc. (NYSE: SAM), TRW Automotive Holdings Corp. (NYSE: TRW), MEMC Electronic Materials Inc (NYSE: WFR) and Wright Express Co. (NYSE: WXS) had their EPS estimates updated by analysts.

Goldman Sachs (NYSE:GS) cut their EPS estimates on The Boston Beer Company, Inc. (SAM). They have a “neutral” rating and a price target of $90.00 on the company.

Goldman Sachs raised their EPS estimates on TRW Automotive Holdings Corp. (NYSE: TRW). They have a “buy” rating and a price target of $77.00 on the company.

Goldman Sachs raised their EPS estimates on MEMC Electronic Materials Inc (WFR). They have a “sell” rating on the company.

Goldman Sachs raised their EPS estimates on Wright Express Co. (WXS). They have a “neutral” rating and a price target of $57.00 on the company.

Johnson Controls (NYSE:JCI), TRW (NYSE:TRW), Magna (NYSE:MGA), Superior Industries (NYSE:SUP) Top Auto Parts Picks for S&P

With the auto industry expected to improve and grow next year, those manufacturing auto parts like Johnson Controls (NYSE:JCI), TRW (NYSE:TRW), Magna International (NYSE:MGA) and Superior Industries International (NYSE:SUP) are expected to continue to grow at a quick pace.

Standard & Poor’s equity analyst Ephraim Levy said, “Emerging markets are becoming more attractive to parts manufacturers due to lower labor costs for manufacturing and engineering and/or due to growing demand in local and regional markets.”

As of December 23, Levy notes that auto parts and equipment companies are up 55 percent so far in 2010, and many of those companies should continue to do well in 2011.

Superior Industries International was trading at $21.59, down $0.05, or 0.23 percent, as of 1:23 PM EST. Magna International was at $52.36, gaining $0.52, or 1.00 percent. TRW Automotive was trading at $52.60, up $1.03, or 2.00 percent. Johnson Controls was at $38.44, up $0.45, or 1.18 percent.

KeyBanc Bullish on TRW Automotive (NYSE:TRW), Autoliv (NYSE:ALV), ArvinMeritor (NYSE:ARM), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), Stoneridge Inc. (NYSE:SRI), Tenneco (NYSE:TEN)

KeyBanc is bullish on the automotive and commercial vehicle markets heading into 2011, and they like TRW Automotive (NYSE:TRW), Autoliv (NYSE:ALV), ArvinMeritor (NYSE:ARM), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), Stoneridge Inc. (NYSE:SRI) and Tenneco (NYSE:TEN) in the sector.

KeyBanc said, "Heading into 2011, we have increased confidence in the ongoing recovery in both the automotive and commercial vehicle markets and believe that select stocks with exposure to those verticals are likely to continue to outperform. As such: 1) we are upgrading our rating on shares of TRW Automotive to BUY from HOLD and establishing a $69 price target; 2) we are raising our price targets on Autoliv Inc. to $92 from $76, ArvinMeritor, Inc. to $29 from $25, Dana Holding Corporation to $20 from $17, Lear Corporation to $127 from $104, Stoneridge, Inc. to $19 from $16, and Tenneco Automotive Inc. to $55 from $40; 3) we are raising our 2010 and 2011 automotive and commercial vehicle forecasts and introducing a 2012 forecast; and 4) we are raising 2010 and 2011 earnings estimates accordingly. Our top picks are ARM (#1), TEN (#2), LEA (#3), TRW (#4), and for small cap investors SRI."

TRW Automotive closed Tuesday at $53.03, up $0.40, or 0.76 percent. Autoliv, Inc. closed at $78.73, up $0.41, or 0.52 percent. ArvinMeritor ended at $19.97, up $0.68, or 3.53 percent. Dana Holding was up to $17.05, increasing $0.59, or 3.58 percent. Stoneridge Inc. closed at $15.85, up $0.54, or 3.53 percent. Tenneco ended at $41.22, up 1.11, or 2.77 percent.