Waters (WAT) (ENER) (GEOI) (HIG) (HEI) Ratings Reiterated

Waters (NYSE:WAT), Energy Conversion (NASDAQ:ENER), GeoResources (NASDAQ:GEOI), Hartford Financial (NYSE:HIG) and HEICO (NYSE:HEI) had ratings on them reiterated by analysts.

Wedbush reiterated its rating on Waters (WAT). They have an "Neutral" rating on the company, and cut its price target from $$37 to $32.

Ardour Capital reiterated its rating on (ENER). They have a "Reduce" rating on the company, and cut its price target from $1 to $0.50.

Rodman & Renshaw reiterated its rating on GeoResources (GEOI). They have an "Outperform" rating on the company, and slashed their price target on them from $33 to $29.

Argus reiterated its rating on Hartford Financial (HIG). They have a "Buy" rating on the company, and lowered their price target from $36 to $26.

Wedbush reiterated its rating on HEICO (HEI). They have an "Outperform" rating on the company, and raised their price target from $55 to $57.

Waters (WAT) (PAG) (CIT) (TROW) (CNK) (DDD) Price Targets Changed

Waters Corporation (NYSE: WAT), Penske Automotive (NYSE: PAG), CIT Group Inc. (NYSE: CIT), T. Rowe Price (NASDAQ: TROW), Cinemark Holdings Inc (NYSE: CNK) and 3D Systems Co. (NYSE: DDD) price targets adjusted by analysts.

Waters Corporation (WAT) had its price target lowered by Wedbush from $37.00 to $32.00. They have a “Neutral” rating on the company.

Penske Automotive (PAG) had its price target lowered by Ticonderoga from $27.00 to $25.00. They have a “Buy” rating on the company.

CIT Group Inc. (CIT) had its price target raised by Morgan Stanley (NYSE:MS) to $45.00.

T. Rowe Price (TROW) had its price target lowered by Jefferies (NYSE:JEF) to $58.00. They have a “Buy” rating on the company.

Cinemark Holdings Inc. (CNK) had its price target raised by Morgan Stanley to $23.00. They have an “Equal Weight” rating on the company.

3D Systems Co. (DDD) had its price target lowered by Barclays Capital from $23.00 to $19.00. They have an “Equal Weight” rating on the company.

Limelight (LLNW) (WAT) (ARRS) (BSX) (SEAC) (CHKP) Get New Coverage

Limelight Networks (NASDAQ: LLNW), Waters Corporation (NYSE: WAT), Arris Group, Inc. (NASDAQ: ARRS), Boston Scientific (NYSE: BSX), SeaChange (NASDAQ: SEAC) and Check Point Software (NASDAQ: CHKP) get new analyst coverage.

Madison Williams initiated coverage on Waters Corporation (NYSE: WAT) is now covered by analysts at . The analysts placed a “neutral” rating on the company.

Kaufman Brothers initiated coverage on Arris Group, Inc. (ARRS). They placed a “Buy” rating and a price target of $12.00 on the company.

Jefferies (NYSE:JEF) initiated coverage on Limelight Networks (LLNW). They placed a “Buy” rating and a price target of $3.75 on the company.

Mizuho initiated coverage on Boston Scientific (BSX). They placed an “Outperform” rating on the company.

Kaufman Brothers initiated coverage on SeaChange (SEAC). They placed a “Hold” rating and a price target of $9.00 on the company.

Jefferies initiated coverage on Check Point Software (CHKP). They placed a “Buy” rating and a price target of $66.00 on the company.

Chevron (CVX) (THS) (WAT) (MWV) (CEA) (NTAP) Upgraded

Chevron (NYSE: CVX), TreeHouse Foods Inc. (NYSE: THS), Waters Corporation (NYSE: WAT), MeadWestvaco Corp. (NYSE: MWV), China Eastern Airline (NYSE: CEA) and NetApp Inc. (NASDAQ: NTAP) upgraded by analysts.

TreeHouse Foods Inc. (THS) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.

Waters Corporation (WAT) was upgraded by Auriga from a “Hold” rating to a “Buy” rating. They have a price target of $103.00 on the company.

Chevron (CVX) was upgraded by Standpoint Research from a “Hold” rating to an “Accumulate” rating. They have a price target of $115.00 on the company.

MeadWestvaco Corp. (MWV) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating.

China Eastern Airline (CEA) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.

NetApp Inc. (NTAP) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $58.00 on the company.

Waters (WAT) (PACB) (CEC) (PMI) (CLR) (COGO) Downgraded

Waters Corporation (NYSE: WAT), Pacific Biosciences of California (NASDAQ: PACB), CEC Entertainment, Inc. (NYSE: CEC), PMI Group Inc (NYSE: PMI), Continental Resources, Inc. (NYSE: CLR) and Cogo Group, Inc. (NASDAQ: COGO) downgraded by analysts.

Waters Corporation (WAT) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

Pacific Biosciences of California (PACB) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.

CEC Entertainment, Inc. (CEC) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating.

PMI Group Inc. (PMI) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.

Continental Resources, Inc. (CLR) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

Cogo Group, Inc. (COGO) was downgraded by Needham & Company from a “Strong Buy” rating to a “Hold” rating.

Biggest Winners (WAT) (GDOT) (WLK) (OXGN) (PRX) on May 6

Among the winners on Friday, May 6, as measured by share price increases, were Waters Corp. (WAT), Green Dot Corp. (GDOT), Westlake Chemical (WLK), Oxigene Inc (OXGN) and Pharmaceutical Companies (PRX).

Waters Corp. (WAT) was up $1.22, to close at $96.87, a gain of 1.28 percent.

Green Dot Corp. (GDOT) jumped $1.22 on the day to close at $39.19, an increase of 3.21 percent.

Westlake Chemical (WLK) rose $1.21 to close at $59.65, a boost of 2.07 percent.

Oxigene Inc (OXGN) soared $1.21 to close the session at $3.56, a gain of 51.49 percent.

Pharmaceutical Companies (PRX) surged $1.20 to end the day at $34.41, climbing 1.20 percent.

CH Robinson (CHRW) (WAT) (VSI) (TKR) (AN) Get Ratings Initiations

C.H. Robinson (NASDAQ:CHRW), Waters (NYSE:WAT), Vitamin Shoppe (NYSE:VSI), Timken (NYSE:TKR) and AutoNation (NYSE:AN) had analysts initiate coverage on them.

C.H. Robinson (CHRW) was started off with a "Buy" rating by Deutsche Bank (NYSE:DB), which has a price target of $88 on the company.

Waters (WAT) was started off with an "Overweight" rating by Barclays Capital, with a price target of $110.

Vitamin Shoppe (VSI) was initiated with a "Buy" rating by Barclays Capital, with a price target of $44.

Timken (TKR) was initiated at a "Neutral" rating by Longbow, with a price target of $65.

AutoNation (AN) was started off with a "Sell" rating by UBS, which placed a price target of $31 on the firm.

Waters (NYSE:WAT) EPS Leverage Stronger Than Guidance Suggests

With Waters Corp. (NYSE:WAT) expected to have significant share buybacks in 2011, Barclays sees their EPS leverage being stronger than their guidance suggest.

Barclays says, "WAT reported Q4 revenue and EPS ahead of consensus. The company is seeing strength across end markets, geographies and product categories. With increased confidence around instrument demand, in both LC and MS, we view 2011 as the year of new product momentum for WAT. We reiterate our high-conviction bullish stance...Also, with significant free cash flow expected in 2011, we believe share buybacks will provide greater EPS leverage than current guidance implies."

Barclays maintains an "Overweight" rating on Waters Corp. (WAT), which closed Wednesday at $76.66, down $1.33, or 1.71 percent. Barclays has a price target of $90 on Waters.