NEW YORK (TheStreet) -- RATINGS CHANGES

Abercrombie & Fitch (ANF) - Get Report was downgraded at Credit Suisse to underperform from neutral to Underperform. Twelve-month price target is $21. Company is facing currency and deflationary pressures, Credit Suisse said.

Apache (APA) - Get Report was upgraded at Bank of America/Merrill Lynch to neutral. Twelve-month price target is $78. Valuation call, based on the company's attractive international cash flow, Bank of America/Merrill Lynch said.

Ascena Retail (ASNA) - Get Report weas upgraded at Keybanc to buy. Twelve-month price target is $16. Justice division is bottoming, Keybanc said.

American Axle (AXL) - Get Report was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a 12-month price target of $26, Deutsche said.

American Express (AXP) - Get Report was downgraded at Bank of America/Merrill Lynch to underperform from buy. Twelve-month price target is $78. Estimates were also cut, given the Costco loss and higher marketing spending, Bank of America/Merrill Lynch said.

BorgWarner (BWA) - Get Report was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a 12-month price target of $62.

Danaos (DAC) - Get Report was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: DAC Ratings Report.

Equifax (EFX) - Get Report was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $90. Valuation call, as the stock is trading at 22 times expected earnings, Deutsche Bank said.

Gap (GPS) - Get Report was downgraded at Credit Suisse to underperform from neutral. Twelve-month price target is $37. Estimates were also cut, given currency and deflationary pressures, Credit Suisse said.

Kellogg (K) - Get Report was downgraded at Societe Generale to sell from hold. Twelve-month price target is $60. Company is seeing lower domestic cereal and snack demand, Societe Generale said.

Microchip (MCHP) - Get Report was upgraded at Drexel Hamilton to buy from hold. Twelve-month price target is $58. Company is buying back debt and leveraged to higher auto and industrial demand, Drexel Hamilton said.

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

Northeast Utilities (NU) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a 12-month price target of $56, Credit Suisse said.

Pentair (PNR) - Get Report was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $64. Estimates were also cut, given the company's new guidance, J.P. Morgan said.

Sandisk (SNDK) was upgraded at Drexel Hamilton to buy from hold. Twelve-month price target is $95. NAND margins should improve, Drexel Hamilton said.

Scripps Networks (SNI) was downgraded to neutral from buy at MKM Partners. Twelve-month price target is $75. Company is seeing slower advertising growth and continuing to post losses overseas, MKM Partners said.

Sonoco (SON) - Get Report was downgraded at DA Davidson to underperform from neutral. Valuation call, based on a 12-month price target of $44, DA Davidson said.

Tractor Supply (TSCO) - Get Report was upgraded at Argus to buy from hold. Management can continue to deliver consistent growth and the company deserves a premium valuation, Argus said. Twelve-month price target is $96.

Tesoro (TSO) was downgraded at RBC Capital Markets to sector perform from outperform. Valuation call, based on a 12-month price target of $85, RBC Capital Markets said.

Zoetis (ZTS) - Get Report was downgraded at J.P. Morgan to neutral from overweight. Valuation call, based on a 12-month price target of $48, J.P. Morgan said.

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This article was written by a staff member of TheStreet.