Weyerhaeuser (WY) (SDT) (SHPGY) (UQM) Upgraded

Weyerhaeuser (NYSE: WY), SandRidge Mississippian Trust I (NYSE: SDT), Shire (NASDAQ: SHPGY) and UQM Technologies, Inc. (NYSE: UQM) were upgraded by analysts.

Weyerhaeuser (WY) was upgraded by Deutsche Bank (NYSE:DB) from a “Sell” rating to a “Hold” rating. They have a price target of $19.00 on the company.

SandRidge Mississippian Trust I (SDT) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $30.00 on the company, up from $25.00.

Shire (SHPGY) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.

UQM Technologies, Inc. (UQM) was upgraded by Needham & Company from a “Hold” rating to a “Buy” rating. They have a price target of $4.00 on the company.

Weyerhaeuser (WY) (MFC) (CHKP) (BUD) (EIX) (RNET) Upgraded

Weyerhaeuser (NYSE: WY), Manulife Financial (NYSE: MFC), Check Point Software (NASDAQ: CHKP), Anheuser Busch (NYSE: BUD), Edison International (NYSE: EIX) and RigNet (NASDAQ: RNET) upgraded by analysts.

Weyerhaeuser (WY) was upgraded by RBC Capital from an “Underperform” rating to a “Sector Perform” rating. They have a price target $18.00 on the company.

Manulife Financial (MFC) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $17.00 on the company.

Check Point Software (CHKP) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $65.00 on the company.

Anheuser Busch (BUD) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating.

Edison International (EIX) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating.

RigNet (RNET) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $21.00 on the company.

Newmont (NEM) (WY) (SWN) (PCL) (PFE) (OAS) Upgraded

Newmont Mining Co. (NYSE: NEM), Weyerhaeuser (NYSE: WY), Southwestern Energy (NYSE: SWN), Plum Creek Timber Co. (NYSE: PCL), Pfizer Inc (NYSE: PFE) and Oasis Petroleum Inc. (NYSE: OAS) upgraded by analysts.

Weyerhaeuser (WY) was upgraded by UBS AG (NYSE:UBS) from a “Sell” rating to a “Neutral” rating.

Southwestern Energy (SWN) was upgraded by Global Hunter Securities from a “Reduce” rating to a “Neutral” rating. They have a price target of $39.00 on the company.

Plum Creek Timber Co. (PCL) was upgraded by UBS AG from a “Sell” rating to a “Neutral” rating.

Pfizer Inc. (PFE) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $21.00 on the company.

Oasis Petroleum Inc. (OAS) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. The have a price target of $34.00 on the company.

Newmont Mining Co. (NEM) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $76.00 on the company.

Amgen (AMGN) (HP) (SWN) (WY) (NWL) (OI) EPS Estimates Changed

Amgen, Inc. (NASDAQ: AMGN), Helmerich & Payne (NYSE: HP), Southwestern Energy (NYSE: SWN), Weyerhaeuser (NYSE: WY), Newell Rubbermaid (NYSE: NWL) and Owens-Illinois (NYSE: OI) EPS estimated adjusted.

Oppenheimer lowered its EPS estimates on Amgen, Inc. (AMGN). They have an “Outperform” rating and a price target of $66.00 on the company.

Goldman Sachs (NYSE:GS) boosted its EPS estimates on Helmerich & Payne (HP). They have a “Neutral” rating and a price target of $80.00 on the company.

Morgan Stanley (NYSE:MS) raised its EPS estimates on Southwestern Energy (SWN). They have a “Neutral” rating and a price target of $51.00 on the company.

UBS AG (NYSE:UBS) cuts its EPS estimates Weyerhaeuser (WY). They have a “Sell” rating and a price target of $18.00 on the company.

Morgan Stanley cut its EPS estimates on Newell Rubbermaid (NWL). They have an “Overweight” rating and a price target of $20.00 on the company.

Goldman Sachs cut its EPS estimates on Owens-Illinois (OI). They have a “Neutral” rating and a price target of $28.00 on the company.

Freeport-McMoRan's (FCX) Japan Exposure Shrugged Off by Markets

Even though Freeport-McMoRan (NYSE:FCX) has the largest exposure to Japan, according to Birinyi Associates, which put together a list of American companies with strong exposure to Japan based on quarterly and annual earnings reports.

Freeport is by far the company at the top of the list, with an 18.06 percent total.

But even if there is a temporary impact from Japan, the huge amounts the country will have to spend on reconstruction will play into the strengths of Freeport-McMoRan and other providers of raw materials to the country.

Other companies with large exposure to Japan, and which won't fare as well are Texas Instruments (NYSE:TXN), Weyerhaeuser (NYSE:WY) and Qualcomm (NASDAQ:QCOM), all of which are just shy of 10 percent.

Exxon Mobil (NYSE:XOM) was in fifth place for exposure with 8.82 percent.

The percentages are based on annual revenue.

Freeport was trading at $54.91, gaining $2.63, or 5.03 percent, as of 2:51 PM EDT.

KB Home (NYSE:KBH), Ryland Group (NYSE:RYL) and MDC Holdings (NYSE:MDC), Weyerhaeuser (NYSE:WY), PHLX (Nasdaq:HGX) Down as Homebuilding Remains Under Heavy Pressure

The market did little to inspire today, and the homebuilding sector continues to be punished, with KB Home (NYSE:KBH), Ryland Group (NYSE:RYL) and MDC Holdings (NYSE:MDC) and Weyerhaeuser (NYSE:WY) all down, and the PHLX housing index (Nasdaq:HGX) falling.

Rising oil prices and tumbling bank shares dragged Wall Street lower on Friday, with stocks surrendering the previous session's hefty gains.

Brent crude prices hovered near $116 a barrel as Libyan security forces began a violent crackdown on protesters in Tripoli and clashed with rebels near a major oil terminal.

Data earlier in the week had raised expectations about Friday's employment report, lifting stocks to their biggest gains in three months on Thursday. But after Friday's report showed February job gains roughly in line with expectations, investors quickly turned their focus to rising oil prices and Libyan unrest.

"The (market) battle is: has the economy turned in a permanent way, or are higher oil prices going to slow everything down," said Bernie McGinn, president at McGinn Investment Management in Alexandria, Virginia.

The Dow Jones industrial average (DJI:DJI) lost 147.66 points, or 1.20 percent, to 12,110.54. The Standard & Poor's 500 Index (SPX) fell 15.40 points, or 1.16 percent, to 1,315.57. The Nasdaq Composite Index (Nasdaq:IXIC) dropped 24.70 points, or 0.88 percent, to 2,774.04.




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