NEW YORK (TheStreet) -- RATINGS CHANGES

Automatic Data Processing(ADP) - Get Report was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $82. Valuation call, Credit Suisse said.

Advantest (ATE) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: ATE Ratings Report.

American Express(AXP) - Get Report was upgraded at Goldman Sachs to buy from neutral. Twelve-month price target is $102. Company trades at a discount to its peers but is leveraged to improving macro trends and can gain market share, Goldman said.

Cheesecake Factory(CAKE) - Get Report was upgraded at Bank of America/Merrill Lynch to neutral. Twelve-month price target is $53. Estimates were also increased, as the company should benefit from lower dairy costs, Bank of America/Merrill Lynch said.

Cigna(CI) - Get Report was upgraded at Goldman Sachs to buy from neutral. Company has less exposure to potential underwriting risk and trades at a discount to its peers, Goldman said.

Fossil(FOSL) - Get Report was downgraded at Bank of America/Merrill Lynch to underperform from neutral. Twelve-month price target is $100. Growth trajectory is slowing, Bank of America/Merrill Lynch said.

General Dynamics(GD) - Get Report was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $150. Valuation call, as there are better relative valuations in the sector, RBC Capital said.

Garmin(GRMN) - Get Report was upgraded at Morgan Stanley to equal-weight from underweight. Twelve-month price target is $47. Valuation call, as fitness band expectations are too low and the market appears overly pessimistic about watch competition, Morgan Stanley said.

Informatica (INFA) was downgraded at RBC Capital to sector perform from outperform. Valuation call, based on a $38 price target, RBC Capital said.

Janus (JNS) was upgraded at J.P. Morgan to overweight from underweight. Twelve-month price target is $20. Key funds are performing well, which should help turn the business around, J.P. Morgan said.

Stanley Black & Decker (SWH) was initiated with a hold rating at TheStreet Ratings. You can view the full analysis from the report here: SWH Ratings Report.

Torchmark (TMK) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $58. Valuation call, as Medicare Part D uncertainty remains high, Deutsche Bank said.

UnitedHealth(UNH) - Get Report was downgraded at Goldman Sachs to neutral from buy. Valuation call, as the stock has nearly doubled the return of the broader market over the past two years, Goldman said.

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This article was written by a staff member of TheStreet.