NEW YORK (TheStreet) -- CHANGE IN RATINGS
Accenture (ACN) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Growth could slow, heading into 2012.
AK Steel (AKS) upgraded at Credit Suisse from Neutral to Outperform, Credit Suisse said. $12 price target. Company is seeing lower input costs and should benefit from better end-market demand.
Brookline Bancorp (BRKL) upgraded to buy at TheStreet Ratings.Franklin Resources (BEN) downgraded at KBW to Market Perform, Keefe, Bruyette & Woods said. $111 price target. Estimates also cut, because of asset outflows. Franklin Resources downgraded at Citigroup from Buy to Neutral, Citigroup said. $105 price target. Flow picture deteriorates. DirecTV (DTV) upgraded at Bernstein from Market Perform to Outperform, AllianceBernstein said. $52 price target. Consensus is sufficiently sober and valuation is compelling. General Motors (GM) upgraded at Piper from Neutral to Overweight, Piper Jaffray said. $31 price target. Better outlook for the U.S. market, following the Detroit auto show. Coca-Cola (KO) downgraded at UBS from Buy to Neutral, UBS said. $70 price target. Currency headwinds, vols moderating, valuation rich downgrade. Lazard (LAZ) downgraded at Citigroup from Buy to Neutral, Citigroup said. $30 price target. Slower M&A cycle rebound. Eli Lilly (LLY) rated new Underweight at Morgan Stanley. $35 price target. Generic pressures drive long-term financial declines. Mastercard (MA) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Valuation call, after the stock gained 66% in 2011. NYSE Euronext (NYX) downgraded at KBW to Market Perform, Keefe, Bruyette & Woods said. $30 price target. Deal not likely to pass in Europe. PepsiCo (PEP) downgraded at UBS from Buy to Neutral, UBS said. $64 price target. Higher investment spending and uncertain growth. Ralph Lauren (RL) downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Company could suffer a similar fate as TIF, given its exposure to the luxury market and New York City. Southwestern Energy (SWN) downgraded at Baird from Outperform to Neutral, Robert Baird said. $39 price target. Company will be hurt by lower natural gas prices. Trustmark Corp (TRMK) downgraded at J.P. Morgan to Under-weight from Neutral, J.P. Morgan said. $24.50 price target.
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