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Dr. Pepper Snapple Group (DPS)

Deutsche Bank North America downgrades to hold from buy

Deutsche Bank North America analyst Andrew Kieley lowered his rating on Dr. Pepper Snapple Group on Oct. 12, citing the beverage maker's share price. Kieley said the company's shares are within 6% of his $32 price target and has more than doubled since March.

"While shares are still slightly undervalued and we continue to like the long-term fundamentals, we no longer expect as dramatic price appreciation, and a positive earnings outlook is largely discounted," he wrote in a note to clients.

W.W. Grainger (GWW)

Credit Suisse upgrades to outperform from neutral; raises estimates, price target

Credit Suisse analyst Hamzah Mazari upgraded shares of the Lake Forest, Ill., company, which makes industrial and commercial cleaning products, on prospects for strong revenue growth. Mazari cited what he called a "faster top-line growth than the market expects based on our proprietary distribution sales index model."

"Supply chain initiatives, (more products) and market expansion should also drive higher margins over the next couple of years," the analyst added.

He raised his 2010 earnings-per-share estimate to $5.90 from $5.68. He also hiked his target price on the stock to $112 from $85.