NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Beacon Roofing (BECN) downgraded at Keybanc from Buy to Hold, Keybanc said. Valuation call.
Bloomin Brands (BLMN) rated new Buy at Goldman. $17 price target. Company's brands are strong and can outperform the industry.
Cliffs Natural (CLF) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $36 price target. Valuation call, given the solid run in steel stocks over the past week.Crane (CR) upgraded at Citi to Buy from Neutral, Citigroup said. $47 price target. New analyst believes that the stock has late-cycle appeal. Discover Financial (DFS) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Valuation call. Hasbro (HAS) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Valuation call. Legg Mason (LM) downgraded at Jefferies to Hold from Buy, Jefferies said. Turnaround momentum takes a pause. Hold rating. Moody's (MCO) upgraded at Benchmark from Hold to Buy, Benchmark said. $51 price target. Domestic issuance will likely remain strong into 2013. ServiceNow (NOW) rated new Neutral at Mizuho. Valuation call, based on a $36 price target. Plantronics (PLT) downgraded at Mizuho from Buy to Neutral, Mizuho said. $37 price target. Valuation call, as the stock is up 27% since June. Phillips 66 (PSX) downgraded at Citi to Neutral, Citigroup said. Refining sector is already pricing in a lot of good news. $49 price target. Tesla Motors (TSLA) upgraded at Morgan Stanley to Overweight from Underweight, Morgan Stanley said. $50 price target. Fears about a slower launch for the Model S have been overblown. Under Armour (UA) downgraded at Argus from Buy to Hold, Argus Research said. Valuation call. Unilever (UL) upgraded at UBS to Buy from Neutral, UBS said. $38.77 price target. Finally getting its food act together. Valero (VLO) downgraded at Citi to Neutral, Citigroup said. Valuation call, based on a $35 price target. Wells Fargo (WFC) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Estimates also cut, given lower expected net interest margin.
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