NEW YORK (TheStreet) -- CHANGE IN RATINGS
Amgen (AMGN) upgraded at Credit Suisse from Neutral to Outperform, Credit Suisse said. $85 price target. Stock is a defensive play for the current environment.
Avery Dennison (AVY) downgraded at BofA/Merrill to Underperform, Bank of America/Merrill Lynch said. Valuation call, based on a $33 price target.
The Buckle (BKE) downgraded at Keybanc from Hold to Underweight, Keybanc said. $33 price target. Company will struggle to maintain current margin levels.Conagra (CAG) rated new Buy at Keybanc. $30 price target. Private label and international markets should drive growth over the coming years. CH Robinson (CHRW) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $58 price target. Potential margin expansion will likely be delayed. Chipotle (CMG) upgraded at Miller Tabak from Hold to Buy, Miller Tabak said. $350 price target. Stock is down 34% from its April highs. Cymer (CYMI) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Valuation call. Domino's Pizza (DPZ) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Stock also placed on the Conviction List. $40 price target. Company is in the early stages of expanding into the emerging markets. Gentex (GNTX) downgraded at Craig-Hallum from Buy to Hold, Craig-Hallum said. $17 price target. Company is losing market share. Global Payments (GPN) upgraded at Goldman to Buy, Goldman Sachs said. $52 price target. Company can continue to grow through emerging markets. International Game (IGT) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $15 price target. Company is facing increased competition. Intuitive Surgical (ISRG) upgraded at Mizuho to Buy, Mizuho said. $540 price target. Company can continue to grow through da Vinci and should exceed consensus expectations. Lennox (LII) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call, based on a $44 price target. MWI Veterinary (MWIV) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $92 price target. Drought and higher commodity prices could weigh on near-term results. Netflix (NFLX) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $74 price target. Company will likely need to spend more to build out its international footprint.
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