Lexmark (LXK) (MDVN) (ESL) (CVS) (DHR) (CHRW) Ratings, Price Targets

Lexmark International, Inc. (NYSE: LXK), Medivation (NASDAQ: MDVN), Esterline Technologies Co. (NYSE: ESL), CVS Caremark (NYSE: CVS), Danaher Co. (NYSE: DHR) and C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) ratings and price targets.

Lexmark International, Inc. (LXK) had its “Hold” rating reiterated by Brean Murray.

Medivation (MDVN) had its “Buy” rating reiterated by Brean Murray Carret & Co.

Barrington Research initiated coverage on Esterline Technologies Co. (ESL). They placed an “Outperform” rating and a price target of $71.00 on the company.

CVS Caremark (CVS) had its price target raised by Mizuho from $43.00 to $45.00. They have a “Buy” rating on the company.

Danaher Co. (DHR) had its price target raised by Goldman Sachs (NYSE:GS) to $58.00. They have a “Neutral” rating on the company.

C.H. Robinson Worldwide, Inc. (CHRW) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.

Suntech (STP) (LXK) (MDC) (MRVL) (TECD) Price Target Changed

Suntech Power (NYSE: STP), Lexmark International, Inc. (NYSE: LXK), MDC Holdings (NYSE: MDC), Marvell Technology Group (NASDAQ: MRVL) and Tech Data Corporation (NASDAQ: TECD) price target adjusted by analysts.

Lexmark International, Inc. (LXK) had its price target lowered by Barclays Capital from $36.00 to $31.00. They have an “Equal Weight” rating on the company.

MDC Holdings (MDC) had its price target lowered by Deutsche Bank (NYSE:DB) from $38.00 to $34.00. They have a “Buy” rating on the company.

Marvell Technology Group (MRVL) had its price target lowered by Deutsche Bank (NYSE:DB) from $22.00 to $18.00. They have a “Buy” rating on the company.

Suntech Power (STP) had its price target lowered by Collins Stewart from $7.50 to $5.50. They have a “Neutral” rating on the company.

Tech Data Corporation (TECD) had its price target lowered by Barclays Capital from $51.00 to $46.00. They have an “Equal Weight” rating on the company.

Juniper (JNPR) (SORL) (CSGS) (NYSE: LXK) (SAFM) Downgraded

Juniper Networks (NASDAQ: JNPR), Sorl Auto Parts, Inc. (NASDAQ: SORL), CSG Systems International, Inc. (NASDAQ: CSGS), Lexmark International, Inc. (NYSE: LXK) and Sanderson Farms (NASDAQ: SAFM) downgraded by analysts.

Sorl Auto Parts, Inc. (SORL) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.

CSG Systems International, Inc. (CSGS) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Juniper Networks (JNPR) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating. They have a price target of $27.00 on the company.

Lexmark International, Inc. (LXK) was downgraded by Goldman Sachs from a “Neutral” rating to a “Sell” rating. They have a price target of $25.00 on the company.

Sanderson Farms (SAFM) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

Ratings on (CSCO) (LXK) (MDR) (RJF) (SLXP) Reiterated

Ratings on Cisco Systems, Inc. (NASDAQ: CSCO), Lexmark International, Inc. (NYSE: LXK), McDermott International (NYSE: MDR), Raymond James (NYSE: RJF) and Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) reiterated by analysts.

Sterne Agee reiterated a “buy” rating on Cisco Systems, Inc. (CSCO). They have a price target of $29.00 on the company.

Bank of America (NYSE:BAC) reiterated an “underperform” rating on Lexmark International, Inc. (LXK). They have a price target of $34.00 on the company.

Morgan Keegan reiterated an “outperform” rating on McDermott International (MDR). They have a price target of $32.50 on the company, up from $31.50.

Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on Raymond James (RJF). They have a price target of $39.00 on the company.

Duncan Williams reiterated a “buy” rating on Salix Pharmaceuticals, Ltd. (SLXP).

Ratings on (BOX) (CSCO) (FRT) (INTC) (LXK) Reiterated

Ratings on SeaCube Container Leasing (NYSE: BOX), Cisco Systems, Inc. (NASDAQ: CSCO), Federal Realty Investment Trust (NYSE: FRT), Intel (NASDAQ: INTC) and Lexmark International, Inc. (NYSE: LXK) reiterated by analysts.

Sterne Agee reiterated a “buy” rating on SeaCube Container Leasing (BOX). They have a price target of $20.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated a “neutral” rating on Cisco Systems, Inc. (CSCO). They have a price target of $17.00 on the company.

Jefferies (NYSE:JEF) set a price target of $78.00 on Federal Realty Investment Trust (FRT). They have a “hold” rating on the company.

Citigroup (NYSE:C) reiterated a “buy” rating on Intel (INTC). They have a price target $27.00 on the company.

BMC Equities Research reiterated a “hold” rating on Lexmark International, Inc. (LXK).

Federal Signal (FSS) (LXK) (ROP) (SMP) (SWY) Get Ratings Downgrades

Federal Signal Co. (NYSE: FSS), Lexmark International, Inc. (NYSE: LXK), Roper Industries Inc (NYSE: ROP), Standard Motor Produ (NYSE: SMP) and Safeway Inc. (NYSE: SWY) get analyst downgrades.

BMO Capital Markets downgraded Federal Signal Co. (FSS) from an “Outperform” rating to a “Market Perform” rating. They place a price target of $7 on the company. The downgraded catalyst was based on valuation.

Citigroup (NYSE:C) downgraded Lexmark International, Inc. (LXK) from a “Buy” rating to a “Hold” rating. They set a price target of $36 on the firm, down from $55.

Oppenheimer downgraded Roper Industries Inc (ROP) from an “Outperform” rating to a “Perform” rating.

BB&T (NYSE:BBT) downgraded Standard Motor Produ (SMP) from a “Buy” rating to a “Hold” rating.

Jefferies (NYSE:JEF) downgraded Safeway Inc. (SWY) from a “Buy” rating to a “Hold” rating. They set a price target of $25.00 on the company, down from $26.

CenterState (CSFL) (GIB) (HSP) (LXK) (NWBI) Get Ratings Downgrades

CenterState Banks, Inc. (NASDAQ: CSFL), CGI Group Inc (NYSE: GIB), Hospira, Inc. (NYSE: HSP), Lexmark International, Inc. (NYSE: LXK) and Northwest Bancshares, Inc. (NASDAQ: NWBI) get downgraded by analysts.

Raymond James (NYSE:RJF) downgraded CenterState Banks, Inc. (CSFL) from an “Outperform” rating to a “Market Perform” rating.

Wells Fargo & Co. (NYSE:WFC) downgraded CGI Group Inc (GIB) from an “Outperform” rating to a “Market Perform” rating.

Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a “Hold” rating to a “Sell” rating. They set a price target of $1 on the company, down from $54.

Brean Murray downgraded Lexmark International, Inc. (LXK) from a “Buy” rating to a “Hold” rating.

Janney Montgomery Scott downgraded Northwest Bancshares, Inc. (NWBI) from a “Buy” rating to a “Neutral” rating.

Lexmark (LXK) (NWBI) (ROP) (KNOL) Get Ratings Updates

Lexmark (NYSE:LXK), Northwest Bancshares (NASDAQ:NWBI), Roper Industries (NYSE:ROP) and Knology (NASDAQ:KNOL) all received ratings updates from several brokerages.

Lexmark (LXK) was downgraded by Citi (NYSE:C) from "Buy" to "Hold." According to Citigroup, the growth/margin trade-off has been yielding no EPS growth. Citigroup lowered its price target from $55 to $36.

Northwest Bancshares (NWBI) was downgraded by FBR from "Outperform" to "Market Perform." FBR Capital Markets cited valuation as the catalyst for the downgrade.

Roper Industries (ROP) has an "Equal-weight rating on it from Morgan Stanley. They are now viewed as reaching $88, according to Morgan Stanley. Higher sales is driving margin expansion, which resulted in estimates being boosted as well.

Knology (NASDAQ:KNOL) was upgraded by BWS Financial from "Hold" to "Buy." Knology was trading at $15.14, gaining $0.22, or 1.47 percent, as of 2:00 PM EDT.

Lexmark (LXK) (GRM) (QCOM) (SWY) Get Ratings Updates

Shares of Lexmark (NYSE:LXK), Graham Packaging (NYSE:GRM), Qualcomm (NASDAQ:QCOM) and Safeway (SWY) all received ratings updates from various brokerages.

Graham Packaging (GRM) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral." Goldman Sachs has a price target of $24 on Graham. Goldman said that valuation was the catalyst, as the stock has surged 38 percent over the last couple of weeks.

Lexmark (LXK) was downgraded at Brean from "Buy" to "Hold." Lexmark is challenged by new headwinds in sales and margins.

Qualcomm (QCOM) was rated a new "Buy" at ThinkEquity. It has a price target of $5 on them. ThinkEquity sees Qualcomm as the best large-cap chip play on smartphones and tablets.

Safeway (SWY) was downgraded at Jefferies (NYSE:JEF) from "Buy" to "Hold." According to a store manager survey, in the short term trends are getting worse. Jefferies placed a $25 price target on Safeway.

Time to Buy Lexmark (LXK)?

With the energy sector and commodity stocks garnering a lot of attention recently, some companies in the tech sector have been trading at low valuations, offering what appears to be excellent buying opportunities, like with Lexmark International, Inc., (NYSE:LXK).

Earnings estimates for Lexmark are $4.69 a share for 2011 and $4.64 in 2012, so the PE ratio is approximately 7.5 at those levels.

These shares have been trading in a range of $31.69 to $48.07 over the past 52 weeks. The 50 day moving average is $37.30 and the 200 day moving average is $37.74.

Because Lexmark's shares have been under pressure recently and are trading below the 50 and 200 day moving averages, buying incrementally in order to take advantage of expected dips would be a good strategy.

The printer cartridge business of Lexmark offers residual income for the company.

Lexmark was trading at $36.18, gaining $0.16, or 0.44 percent, as of 1:54 PM EDT.

Barclays Reviews IBM (NYSE:IBM), Apple (Nasdaq:AAPL), Ingram Micro (NYSE:IM)Western Digital (Nasdaq:WDC), Seagate (NYSE:STX), EMC (NYSE:EMC), Xerox (NYSE:XRX) and Lexmark (NYSE:LXK)

Barclays gave a review of companies in IT Hardware, covering IBM (NYSE:IBM), Apple (Nasdaq:AAPL), Western Digital (Nasdaq:WDC), Seagate (NYSE:STX), EMC (NYSE:EMC), Xerox (NYSE:XRX), Lexmark (NYSE:LXK) and Ingram Micro (NYSE:IM), as earnings season approaches.

Apple (AAPL) on January 18 - Strong Momentum in All Products: We recently raised our EPS estimates for Apple for F1Q11 thru FY12 due to prospects for higher Mac, iPhone & iPad sales. We also believe our gross margin forecast of 37% for C4Q could have potential for upside. Guidance is likely to remain conservative. Reiterate Overweight.

IBM (IBM) on January 18 - Strong Hardware, Subdued Signings: We see upside to EPS & 2011 guidance, but signings trends may mute some optimism. IBM will also shift to reporting results and guidance on an operating basis. Make sure you are ready.

Western Digital (WDC) on January 18 - Margins Improving: Our recent checks within the HDD industry indicate that industry trends have been improving throughout C4Q and indications for demand and pricing (C4Q and outlook into 2CQ 11) appear to be quite stable as HDD makers remain disciplined. WD margins could benefit. Reiterate Overweight.

Ingram Micro (IM) on February 10 - Solid Top Line: We believe IM will issue a positive 4Q report with potential for revenue upside & some EPS leverage. We would expect the stock to see support in the $19-$20 range at report (around estimated BV/TBV).

Seagate (STX) on January 19 - Buybacks & Some Stability: EPS could see upside as a result of margin upside & the recently announced $2B share repurchase program, which could amount to $300-$400 per quarter.

EMC (EMC) on January 25- Expecting Upside due to High-end Strength: Our checks indicate that EMC's 4Q10 may be tracking above the upper end of its guidance and could see a few cents upside given continued strong demand for its high-end & cloud offerings.

Xerox (XRX) on January 26 - Another Steady Performance: We believe Xerox is set to post modest upside to our $0.28 with solid cash flow, helped by share gains & cost controls. Given XRX raised 2011 guidance in C3Q, we do not look for any major change to outlook. Focus will likely be around plans for major share repurchase in 2H11.

Lexmark (LXK) on February 1 - Watching Europe: We believe LXK's 4Q10 EPS has potential upside to consensus of $1.11 (LXK guided $1.03-$1.13) w/support from a lower tax rate (extension of R&D credit). However, we wouldn't be surprised to see EPS guidance below the street for 1Q11 given typical conservatism & some weakness in Europe.