Analysts' Actions -- American Eagle, Fitbit, Lululemon, Lockheed Martin and More

Here are Monday's top research calls, including an upgrade for Fitbit, and downgrades for American Eagle, Lululemon Athletica and Lockheed Martin.
By TheStreet Staff ,

RATINGS CHANGES

American Eagle Outfitters (AEO) - Get Report was downgraded to perform from outperform at Oppenheimer. $17 price target. With the stock up 35% over the past year, the valuation no longer looks as attractive, Oppenheimer said.

AMC Networks (AMCX) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: AMCX.

Fitbit (FIT) - Get Report was upgraded to overweight from equal-weight at Barclays. $49 price target. With the stock down 26% over the past month, the valuation looks attractive, Barclays said.

Lockheed Martin (LMT) - Get Report was downgraded to underweight at Barclays. The company's new business segments will likely pressure margins, Barclays said.

Lululemon Athletica (LULU) - Get Report was downgraded to market perform from outperform at FBR Capital Markets. $42 price target. The company is seeing higher clearance sales levels, which will likely pressure margins, FBR said.

New York Community Bancorp (NYCB) - Get Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $18 price target. Growth should accelerate, driven by synergies from the Astoria Financial deal, analysts said.

Prestige Brands (PBH) - Get Report was downgraded to underperform from hold at Jefferies. The valuation looks less attractive, based on a $44 price target, Jefferies said.

Paccar (PCAR) - Get Report was downgraded to sector perform at RBC Capital Markets. $57 price target. Expect the domestic Class 8 truck market to be near peak demand, RBC said.

Philip Morris (PM) - Get Report was upgraded to neutral from reduce at Nomura Securities. $88 price target. Industry volume trends are improving, Nomura said.

Raytheon (RTN) - Get Report was downgraded to equal-weight at Barclays. The stock looks attractive based on a $125 price target, Barclays said.

T-Mobile U.S. (TMUS) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: TMUS.

This article was written by a staff member of TheStreet.

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