NEW YORK (
CHANGE IN RATINGS
Allison Transmission (ALSN) was upgraded at BAML to buy from neutral. Increased confidence in FCF acceleration due to improving U.S. economy and recovery in pressure pumping, BAML said. $32 price target.
Braskem (BAK) was upgraded to hold at TheStreet Ratings.
Cummins (CMI - Get Report) was initiated with a buy rating at BAML. Attractive secular growth prospects with demanding emissions standards, BAML said. $158 price target.
Nautilus (NLS) was upgraded to buy at TheStreet Ratings.
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Nielsen (NSLN) was downgraded at BMO Capital to market perform from outperform. Driven by only a steady (rather than raised) growth outlook and increasing focus on the question of a digital currency, BMO Capital said. $45 price target.
PVH Corp. (PVH) was initiated at UBS with a buy rating. Significant long-term EPS upside expected after reinvestments in the first half of 2014, UBS said. $160 price target.
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