WESCO (WCC) (ADP) (TPCG) (AMR) (WAIR) (ARG) Price Targets Changed

WESCO International, Inc. (NYSE: WCC), Automatic Data Processing Incorporated (NYSE: ADP), TPC Group, Inc. (NASDAQ: TPCG), AMR Co. (NYSE: AMR), Wesco Aircraft (NASDAQ: WAIR) and Airgas, Inc. (NYSE: ARG) had their price targets adjusted by analysts.

WESCO International, Inc. (WCC) had its price target lowered by Robert W. Baird from $55.00 to $40.00. They have a “Neutral” rating on the company.

Automatic Data Processing Incorporated (ADP) had its price target lowered by Robert W. Baird from $110.00 to $92.00. They have an “Outperform” rating on the company.

TPC Group, Inc. (TPCG) had its price target lowered by Oppenheimer from $49.00 to $33.00. They have an “Outperform” rating on the company.

AMR Co. (AMR) had its price target lowered by Dahlman Rose from $3.00 to $2.00. They have a “Sell” rating on the company.

Wesco Aircraft (WAIR) had its price target lowered by Robert W. Baird from $13.00 to $12.00. They have a “Neutral” rating on the company.

Airgas, Inc. (ARG) had its price target lowered by Robert W. Baird from $100.00 to $78.00. They have an “Outperform” rating on the company.

WESCO (WCC) (ACI) (APL) (TRMB) (BCS) (VOLVY) Upgraded

WESCO International, Inc. (NYSE: WCC), Arch Coal, Inc. (NYSE: ACI), Atlas Pipeline Partners, L.P. (NYSE: APL), Trimble Navigation (NASDAQ: TRMB), Barclays Capital (NYSE: BCS) and Volvo (OTC: VOLVY) upgraded by analysts.

WESCO International, Inc. (WCC) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $53.00 on the company.

Arch Coal, Inc. (ACI) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

Atlas Pipeline Partners, L.P. (APL) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Trimble Navigation (TRMB) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $50.00 on the company.

Barclays Capital (BCS) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $13.51 on the company.

Volvo (VOLVY) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.

WESCO (WCC) (WNR) (AAP) (FTR) (MCY) (AIZ) Upgraded

WESCO International, Inc. (NYSE: WCC), Western Refining, Inc. (NYSE: WNR), Advance Auto Parts, Inc. (NYSE: AAP), Frontier Communications (NYSE: FTR), Mercury General Co. (NYSE: MCY) and Assurant, Inc. (NYSE: AIZ) upgraded by analysts.

WESCO International, Inc. (WCC) was upgraded by Keybanc from a “Hold” rating to a “Buy” rating. They have a price target of $48.00 on the company.

Western Refining, Inc. (WNR) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.

Advance Auto Parts, Inc. (AAP) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating.

Frontier Communications (FTR) was upgraded by Macquarie from an “Underperform” rating to a “Neutral” rating.

Mercury General Co. (MCY) was upgraded by Stifel Nicolaus from a “Sell” rating to a “Hold” rating.

Assurant, Inc. (AIZ) was upgraded by Goldman Sachs from a “Neutral” rating to a “Buy” rating.

WESCO (WCC) (XOM) (AOL) (JEF) (DMD) (ACM) Price Targets Changed

WESCO International, Inc. (NYSE: WCC), Exxon Mobil (NYSE: XOM), AOL (NYSE: AOL), Jefferies Group, Inc. (NYSE: JEF), Demand Media Inc. (NYSE: DMD) and AECOM Technology Co. (NYSE: ACM) had price targets adjusted by analysts.

WESCO International, Inc. (WCC) had its price target lowered by FBR Capital from $75.00 to $68.00. They have an “Outperform” rating on the company.

Exxon Mobil (XOM) had its price target lowered by Jefferies to $80.00. They have a “Hold” rating on the company.

AOL (AOL) had its price target lowered by RBC Capital from $20.00 to $15.00. They have a “Sector Perform” rating on the company.

Jefferies Group, Inc. (JEF) had its price target lowered by Ticonderoga from $26.00 to $23.00. They have a “Buy” rating on the company.

Demand Media Inc. (DMD) had its price target lowered by RBC Capital from $24.00 to $13.00. They have an “Outperform” rating on the company.

AECOM Technology Co. (ACM) had its price target lowered by UBS AG (NYSE:UBS) to $31.00. They have a “Buy” rating on the company. They cited valuation as the catalyst behind the call.

Ratings on (VRML) (SPWRA) (TK) (WCC) Reiterated

Ratings on shares of Vermillion Incorporated (NASDAQ: VRML), SunPower Co. (NASDAQ: SPWRA), Teekay Co. (NYSE: TK) and WESCO International, Inc. (NYSE: WCC) were reiterated by analysts.

Wedbush reiterated an “outperform” rating on Vermillion Incorporated (VRML). They have a price target $7.00 on the company.

Auriga reiterated a “sell” rating on SunPower Co. (SPWRA). They have a price target of $13.00 on the company.

Deutsche Bank (NYSE:DB) reiterated a “buy” rating on Teekay Co. (TK).

Oppenheimer placed a price target of $64.00 on WESCO International, Inc. (WCC).

WESCO (WCC) (WFT) (HON) (ESV) Price Target Changes

Price targets on WESCO International, Inc. (NYSE: WCC), Weatherford (NYSE: WFT), Honeywell International Inc. (NYSE: HON) and ENSCO PLC (NYSE: ESV) were changed on April 25th, with analysts weighing in on the up and downside of the movements.

Citigroup (NYSE:C) boosted their price target on WESCO International, Inc. from $69.00 to $70.00.

Jefferies (NYSE:JEF) cut their price target on Weatherford from $28.00 to $26.00. They have a “Buy” rating on the stock.

Oppenheimer raised their price target on Honeywell International Inc. from $68.00 to $73.00. They have an “Outperform” rating on the stock.

Jefferies raised their price target on ENSCO PLC from $64.00 to $67.00. They have a “Buy” rating on ENSCO.

Universal Technologies (NYSE:UTX) Has Less Upside than Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW), Actuant (NYSE:ATU)

Universal Technologies (NYSE:UTX) is strong on international exposure, which empowers it to leverage growth in emerging markets, but at this time FBR likes Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and Actuant (NYSE:ATU), citing more upside to their price targets on them.

FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."

FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.

Danaher (NYSE:DHR) 2001 EPS Guidance Below Consensus

Danaher (NYSE:DHR) revealed at a meeting in New York that its EPS guidance for 2011 would come in lower than consensus.

FBR said, "At its well-attended outlook meeting in New York, as expected, Danaher provided 2011 EPS guidance that came in modestly below consensus at midpoint...We also see the resegmenting of the businesses as a positive, increasing visibility into underlying operating and earnings trends. We continue to like Danaher’s execution on organic growth through share gains and new product innovations. Portfolio mix and solid balance sheet and cash flow add to the shares defensive appeal. We have a constructive bias on the shares but maintain our Market Perform rating for now, as we see greater upside to our price targets in Outperform-rated Actuant (NYSE:ATU), Cooper (NYSE:CBE), SPX (NYSE:SPW), WESCO (NYSE:WCC), Illinois Tool Works (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC)."

FBR Capital maintains a "Market Perform" rating on Danaher, which closed Thursday at $46.79, up $0.88, or 1.92 percent. FBR has a price target on them of $50.

Honeywell's (NYSE:HON) Cash Flow, Strong Balance Sheet, Offer Flexibility

Honeywell International (NYSE:HON) gave its EPS estimate guidance, and it came in at a range of $3.50 to $3.70; in line with expectations says FBR Capital.

"Honeywell’s 2011 EPS guidance of $3.50–$3.70 came mostly in line with our expectations and was broadly consistent with the preliminary framework provided with 3Q earnings a few weeks ago...With regard to the shares, we like Honeywell’s improving late-cycle mix in commercial aero and the company’s solid balance sheet and cash flow provide it with flexibility for acquisitions. However, we see greater upside potential to our price targets in Outperform-rated Atuant (NYSE:ATU), WESCO (NYSE:WCC), Cooper (NYSE:CBE), SPX (NYSE:SPW), Illinois Tool (NYSE:ITW), 3M (NYSE:MMM), and Tyco (NYSE:TYC) and remain on the sidelines for now," said FBR.

FBR Capital maintains a "Market Perform" rating on Honeywell, which was trading at $52.77, up $1.23, or 2.39 percent, as of 11:44 AM EST. They have a price target of $57 on them.

Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW), ABB (NYSE:ABB) Should Benefit from Short Lead Times

With capital expenditures for electric utilities expected to rise in the near term, suppliers like Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and ABB (NYSE:ABB), which have product portfolios with relatively short lead times stand to benefit in the near term.

Of those, ABB have the longest lead time, and may have to wait until the second half of 2011 before they benefit from increased capex.

FBR said, "After declining for the last several quarters, electric utility capex appears to be turning around and our analysis of capex plans of 46 U.S. Electric Utilities suggests potential for a solid pickup in spending. This pickup would be driven by (1) a potential catch-up in spending as electricity demand recovers following two years of declines; (2) new EPA regulations that should drive investment in environmental projects; (3) longer-term need to upgrade the aging T&D grid and ongoing investments in renewables, which necessitates buildout of the transmission infrastructure; and (4) generally strong balance sheets and easier credit availability where CDS spreads are considerably tighter from levels seen in 2009. More near term, we see a pickup related to spending push-out from 2010, during which year-to-date utility spending has tracked meaningfully below plan primarily due to unseasonably warm weather, and possible postponement of expansion at low utilization plants. Our analysis is supported by discussions with several U.S. shareholder-owned utilities at the recent Edison Electric Institute conference, where many companies commented on outlook for solid spending growth driven by environmental, reliability, and transmission spending. This improving capex outlook has positive implications for electrical equipment suppliers, in our view. Specifically, we see upside for suppliers with product portfolios that have relatively short lead times, who could benefit from the near-term pickup in spending, including Outperform-rated Cooper. WESCO should benefit from any spending pickup on the distribution infrastructure. Market Perform-rated SPX, and non-covered ABB also stand to benefit, but their longer lead-time products suggest a 2H11 impact. With regard to implications for Electric Utilities under coverage, high levels of capital expenditures remains consistent with robust rate base growth trajectories for the regulated utilities for the foreseeable future."

Cooper closed Monday at $54.32, down slightly by $0.04, or 0.07 percent. Wesco ended the session at $47.89, falling $0.71, or 1.46 percent. SPX closed at $65.96, down $0.31, or 0.47 percent. ABB ended almost level at $19.57, losing $0.01, or 0.05 percent.