Embraer (ERJ) (EWBC) (JAZZ) (ALK) (AMRS) (COLM) (ERJ) Upgraded

Embraer (NYSE: ERJ), East West Bancorp Inc. (NASDAQ: EWBC), Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ), Alaska Air (NYSE: ALK), Amyris Inc. (NASDAQ: AMRS), Columbia Sportswear (NASDAQ: COLM) and Embraer (NYSE: ERJ) were upgraded by analysts.

East West Bancorp Inc. (EWBC) was upgraded by FBR Capital from a “Market Perform” rating to an “Outperform” rating. They have a price target of $23.00 on the company.

Jazz Pharmaceuticals, Inc. (JAZZ) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $52.00 on the company, up from $29.00.

Alaska Air (ALK) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target of $75.00 on the company.

Amyris Inc. (AMRS) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $32.00 on the company.

Columbia Sportswear (COLM) was upgraded by McAdams Wright Ragen from a “Hold” rating to a “Buy” rating. They have a price target of $69.00 on the company.

Embraer (ERJ) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.

Goodrich (GR) (CAT) (ALK) (APD) (ALB) (SFG) Price Targets Changed

Goodrich Co. (NYSE: GR), Caterpillar Inc. (NYSE: CAT), Alaska Air (NYSE: ALK), Air Products & Chemicals, Inc. (NYSE: APD), Albemarle Co. (NYSE: ALB) and StanCorp Financial Group, Inc. (NYSE: SFG) price targets adjusted by analysts.

Barclays Capital raised its price target on Goodrich Co. (GR) to $120.00. They have an “Overweight” rating on the company.

Credit Suisse (NYSE:CS) raised its price target on Caterpillar Inc. (CAT) to $158.00. They have an “Outperform” rating on the company.

Ticonderoga cut its price target on Alaska Air (ALK) from $83.00 to $81.00. They have a “Buy” rating on the company.

Citigroup (NYSE:C) raised its price target on Air Products & Chemicals, Inc. (APD) to $109.00.

Citigroup (NYSE:C) raised its price target on Albemarle Co. (ALB) to $81.00.

McAdams Wright Ragen slashed its price target on StanCorp Financial Group, Inc. (SFG) from $52.00 to $41.00. They have a “Buy” rating on the company.

Price Targets (A) (AIMC) (ALK) (AMR) (AMRN) Weekly Recap

Price targets on shares of Agilent Technologies Inc. (NYSE: A), Altra Holdings, Inc. (NASDAQ: AIMC), Alaska Air (NYSE: ALK), AMR Co. (NYSE: AMR) and Amarin Co. plc (NASDAQ: AMRN) upgraded by analysts during the last week.

Longbow Research raised their price target on Agilent Technologies Inc. (NYSE: A) from $52.00 to $62.00. They have a “buy” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Altra Holdings, Inc. (AIMC) from $29.00 to $31.00. They have a “buy” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Alaska Air (NYSE: ALK) from $64.00 to $66.00.

JPMorgan Chase & Co. raised their price target on AMR Co. (AMR) from $8.50 to $9.50.

Jeffries raised their price target on Amarin Co. plc (AMRN) from $21.00 to $25.00.

Price Targets on (A) (AIMC) (ALK) (AMR) (AMRN) Updated

Price targets on Agilent Technologies Inc. (NYSE: A), Altra Holdings, Inc. (NASDAQ: AIMC), Alaska Air (NYSE: ALK), AMR Co. (NYSE: AMR) and Amarin Co. plc (NASDAQ: AMRN) were updated by analysts.

Longbow Research raised their price target on Agilent Technologies Inc. (A) from $52.00 to $62.00. They have a “buy” rating on the company.

Jefferies (NYSE:JEF) raised their price target on Altra Holdings, Inc. (AIMC) from $29.00 to $31.00. They have a “buy” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Alaska Air (ALK) from $64.00 to $66.00.

JPMorgan Chase & Co. raised their price target on AMR Co. (AMR) from $8.50 to $9.50.

Jeffries raised their price target on Amarin Co. plc (AMRN) from $21.00 to $25.00.

All-Time Highs for (AGL) (AGNC) (ALK) AVGO) (BJRI) Reached May 6

AGL Resources (NYSE:AGL), American Capital Age (NASDAQ:AGNC), Alaska Air Group (NYSE:ALK), Avago Technologies (NASDAQ:AVGO) and BJ's Restaurants (NASDAQ:BJRI) all closed at all-time highs on Friday, May 6.

Agl Resources (AGL) closed at $41.42, gaining $0.38, or 0.93 percent. They traded as high as $42.01 on the day.

American Capital Age (AGNC) closed Friday at $29.46, level with Thursday's close, but reaching a high of $29.65 in the session.

Alaska Air Group (ALK) closed Friday at $68.53, climbing $0.43, or 0.63 percent. They traded as high as $69.33 on the day.

Avago Technologies (AVGO) closed at $34.91, jumping $1.67, or 5.02 percent. They traded as high as $35.00 on the day.

Bj's Restaurants (BJRI) closed at $47.61, gaining $1.16, or 2.50 percent. They traded as high as $47.99 on the day.

No Earnings Love for Southwest (LUV)

Southwest Airlines (NYSE:LUV) got no love today from its earnings report, as the company reported net income in the first quarter below analysts’ estimates.

Net income for Southwest Airlines dropped to $5 million, or 1 cent a share, against $11 million or 1 cent a share last year in the same quarter, a drop of 54.5 percent.

Revenue for the quarter jumpted to $3.1 billion, an 18 percent boost.

Analysts on average had been looking for a gain of 3 cents a share.

Chairman, CEO and President Gary C. Kelly, said, “While escalating jet fuel prices and inclement weather challenged our first quarter profitability, our people prevailed.”

The airline's major competitors include Alaska Air (NYSE:ALK), AMR Corporation (NYSE:AMR), Delta Air Lines(NYSE:DAL), United Continental (NYSE:UAL), US Airways (NYSE:LCC), AirTran Holdings (NYSE:AAI) and JetBlue (NASDAQ:JBLU).

Southwest Airlines was trading at $11.44, down $0.19, or 1.63 percent, as of 11:55 AM EDT

Alaska Air (NYSE:ALK) Top Low-Risk Airline Stock Says Soleil

Alaska Air (NYSE:ALK) is considered the top low-risk airline stock by Soleil Securities, which raised its EPS estimates on the company, along with its price target.

Soleil says, "ALK has significant opportunities to enhance shareholder value with share repurchases and, ultimately but not imminently, a dividend. The free cash flow yield on 2011 estimates is an attractive 13% at the current stock price."

Soleil boosted their full year 2011 EPS estimate from $7.35 to $7.85 on Alaska Air, and introduced their full year 2012 EPS estimate at $9.00.

They maintain their "Buy" rating on Alaska Air, which closed Wednesday at $61.06, losing $0.07, or 0.11 percent. Soleil raised their price target on ALK from $70 to $74.

AMR (NYSE:AMR), Delta (NYSE:DAL), United Continental (NYSE:UAL), Barclays' (NYSE:BCS) Favorite Airlines

Commenting on the airline sector, Barclays (NYSE:BCS) said they see pensions having less effect on the airlines going forward, and keep their favorites - AMR (NYSE:AMR), Delta (NYSE:DAL) and United Continental (NYSE:UAL).

Barclays said, "Market focus in airlines has been predominantly on revenue and fuel, but as 2011 approaches, we expect much more focus on the cost outlook. While many airlines still have degrees of pension exposure, our analysis suggests that pension expense pressure is unlikely to be material to the earnings expansion story we envision for 2011. Favorites remain AMR Corp, Delta, and United Continental.

"While bankruptcies and near-bankruptcies have reduced pension exposure within the industry, Alaska Air (NYSE:ALK), AMR, DAL, and UAL (through the Continental acquisition) have remaining exposures.

"Of those exposed, our analysis suggests that AMR has the most exposure with a mere 0.10% of revenue incrementally during 2011. UAL has the least with less than 1 bps of its 2011 revenue.

"Given current capacity expectations and revenue dynamics, we continue to see earnings expansion potential in 2011 despite higher fuel prices and headwinds from pension."

AMR closed Friday at $7.97, up $0.01, or 0.19 percent. Delta closed at $13.02, down $0.29, or 2.18 percent. United Continental ended the day at $26.10, down $0.05, or 0.19 percent.