NEW YORK (TheStreet) -- CHANGE IN RATINGS
Allegheny Technologies (ATI) was downgraded at Topeka Capital to hold from buy. $20 price target. Recent channel checks suggest that consensus estimates remain too high, Topeka Capital said.
Baker Hughes (BHI) was upgraded at Cowen to outperform from market perform. $57 price target. Operating results surpassed expectations in the eastern hemisphere, Cowen said.
Annie's (BNNY) was downgraded at J.P. Morgan to neutral. The stock seems fully valued in an increasingly competitive market, said J.P. Morgan. Price target: $44. Future EPS and revenue estimates were lowered as BNNY's competitors are primed to overtake market share, J.P. Morgan said.Coty (COTY) was initiated with a buy rating at Deutsche Bank. $20 price target. Company is well-positioned to capture growth, Deutsche Bank said.
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