NEW YORK (TheStreet) -- RATINGS CHANGES
AIG (AIG) was upgraded at Goldman Sachs to buy. Twelve-month price target is $63. Company is generating a lot of excess capital, which can be used for buybacks or invested back into the business, Goldman said.
Bank of America (BAC) was initiated with a buy rating at MKM Partners. Twelve-month price target is $18. Merrill Lynch is the key driver, MKM Partners said.
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CST Brands (CST) was initiated with a hold rating at TheStreet Ratings.
Cree (CREE) was downgraded to hold at TheStreet Ratings.
CenterPoint Energy (CNP) was reinitiated at Barclays with an equal-weight rating. Catalysts include underlying demand growth in Texas at the utilities and distribution growth in the Anadarko system, Barclays said. Twelve-month price target is $26.
Dick's Sporting Goods (DKS - Get Report) was downgraded at Piper Jaffray to neutral from overweight. Twelve-month price target is $48. Company is facing increased competition in hard goods, Piper Jaffray said.
Dick's Sporting Goods was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $49. Company lacks near-term catlaysts, Credit Suisse said.
Dick's Sporting Goods was downgraded at Canaccord Genuity to hold from buy. Twelve-month price target is $49. Golf business will take time to bottom out, Canaccord Genuity said.
Dick's Sporting Goods was upgraded at BMO Capital to market perform from underperform. Valuation call, based on a 12-month price target of $46, BMO Capital said.