NEW YORK (TheStreet) -- CHANGE IN RATINGS
BB&T (BBT) was upgraded at Morgan Stanley to overweight from equal-weight. $40 price target. Valuation call, as the stock has underperformed its peers by 12% this year, Morgan Stanley said.
Citigroup (C) was downgraded at Goldman Sachs to neutral from buy. $60 price target. Risk that shares stay range-bound in 2014 as developed outperform emerging markets, Goldman said.
Delek Logistics (DKL) was initiated with a sell rating at TheStreet Ratings.
Friedman Industries (FRD) was downgraded to hold at TheStreet Ratings.
Flextronics (FLEX) was downgraded at Goldman Sachs to sell from neutral. Have a less positive view on the entire industry, Goldman said. $7 price target.
Johnson Controls (JCI) was upgraded at RBC Capital to outperform from sector perform. $61 price target. Company has an analyst meeting coming up and annual earnings power can reach $5 a share, RBC Capital said.
Masco (MAS) was initiated with a buy rating at MKM Partners. $26 price target. Company should continue to see improvement in volume, pricing and mix, MKM Partners said.
[Read: 2013 Tech Predictions: Chris Ciaccia Looks Back]
Ross Stores (ROST) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a $75 price target, Credit Suisse said.
[Read: 3 Stocks Under $10 in Breakout Territory] AT&T (T) was downgraded at J.P. Morgan to neutral from overweight. $38 price target. Wireless competition increases and international M&A looms, J.P. Morgan said. Whirlpool (WHR) was initiated with a buy rating at MKM Partners. $183 price target. Company still has upside potential to earnings and valuation, MKM Partners said.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV