Stock Analyst Alerts: Deere, Cree, Safe Bulkers, Lincoln National, Transocean

Deere & Company(NYSE:DE): Deere shares defended at UBS.

Cree Inc.(NASDAQ:CREE): Piper Jaffray said its channel checks indicate LED street lamp production in China could increase 79% in 2012, up from 58% in 2011, which the firm believes likely benefits Cree. Piper added that its checks confirmed Cree remains the LED leader in China. The firm reiterates an Overweight rating on the stock with a $30 price target.

Safe Bulkers, Inc.(NYSE:SB): Cantor says Safe Bulkers remains one of its top picks in the dry bulk sector following the company’s Q4 results. The firm maintains a Buy rating on the stock with a $9 price target.

Lincoln National Corp.(NYSE:LNC): Lincoln National buybacks could surprise to upside, says BofA/Merrill

Transocean Ltd.(NYSE:RIG): Wells Fargo raised its 2012 EPS estimate for Transocean to $2.67 from $2.46 citing the company’s fleet status report for February and a more positive utilization rate for Sedneth 701. Wells notes that the fleet report points to a modest reduction in fleet-wide out-of-service days in 2012. The firm reiterates an Outperform rating on Transocean shares.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com