NEW YORK (TheStreet) -- RATINGS CHANGES
American Electric (AEP) was downgraded to equal weight at Morgan Stanley. $52 12-month price target. This was a valuation call, as the stock has outperformed over the past year, Morgan Stanley said.
Arthur J Gallagher (AJG) was upgraded to buy from hold at Deutsche Bank. $53 12-month price target. The company is leveraged to an inflection in the pricing cycle, Deutsche Bank said.
WATCH: More market update videos on TheStreet TV Domino's Pizza (DPZ) was upgraded to buy from hold at Miller Tabak. $81 12-month price target. The company is raising prices and focusing on convenience and product quality, Miller Tabak said. Expedia (EXPE) was upgraded to buy at TheStreet Ratings. Read More: It Is Not Different This Time; Updating My Bond Short View: Best of Kass Halcon (HK) was downgraded to underweight at Morgan Stanley. This was a valuation call, as the stock has outperformed by 40% year-to-date, Morgan Stanley said. $4 12-month price target. Oil States (OIS) was upgraded to outperform from neutral at Credit Suisse. $72 12-month price target. Spin has created a good company with a solid management team, Credit Suisse said. Occidental Petroleum (OXY) was upgraded to overweight from equal weight at Morgan Stanley. $120 12-month price target. The stock has lagged, but management will be buying back more shares, Morgan Stanley said. Pacific Ethanol (PEIX) was upgraded to buy at TheStreet Ratings.
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