NEW YORK (TheStreet) -- RATINGS CHANGES
was downgraded at Oppenheimer to perform from outperform. Valuation call, as the stock reached the previous 12-month price target of $77, Oppenheimer said.
Ascena Retail Group (ASNA) - Get Ascena Retail Group, Inc. Report was upgraded at FBR Capital to outperform from market perform. Twelve-month price target is $20. Ann Taylor (ANN) acquisition makes strategic sense and should be accretive to earnings, FBR Capital said.
Fifth Third (FITB) - Get Fifth Third Bancorp Report was upgraded at Oppenheimer to outperform. Twelve-month price target is $25. Market is underestimating the value of the Vantiv (VNTV) stake, Oppenheimer said.
Huntington Ingalls (HII) - Get Huntington Ingalls Industries, Inc. Report was downgraded at Bank of America/Merrill Lynch to neutral. Valuation call, based on a $135 price target, Bank of America/Merrill Lynch said.
Lumber Liquidators (LL) - Get LL Flooring Holdings, Inc. Report was downgraded at Cantor Fitzgerald to hold from buy. Twelve-month price target is $26. Near-term view has become much cloudier, as LL faces uncertain outcomes from multiple regulatory and legal issues, Cantor Fitzgerald said. Overall negative PR continues to gain momentum, making it extremely difficult to gauge customers' willingness to shift into other product categories now that the company has discontinued the sale of Chinese laminates, Cantor Fitzgerald said.
Mastercard (MA) - Get Mastercard Incorporated Class A Report was upgraded at Pacific Crest to overweight from sector perform. Twelve-month price target is $110. A more constructive bias on the EU, incremental wins such as Citi (C) - Get Citigroup Inc. Report and Itau (ITUB) - Get Itaú Unibanco Holding SA Report, a diminished relative valuation gap and prospects for improving fundamentals prompt an upgrade, Pacific Crest said.
Royal Caribbean (RCL) - Get Royal Caribbean Group Report was upgraded at J.P. Morgan to overweight. Twelve-month price target is $90. Company was also added to the Analyst Focus list. New ships should drive growth in China and the Asia Pacific region, J.P. Morgan said.
Sysco (SYY) - Get Sysco Corporation Report was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $43. Company is attractively valued and has multiple ways to win, Credit Suisse said.
THL Credit (TCRD) - Get THL Credit, Inc. Report was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $14.50. The company has stable returns on equity, with net interest income continuing to cover dividend, Deutsche Bank said. It also has an attractive valuation relative to the price target, Deutsche Bank also said.
Take-Two (TTWO) - Get Take-Two Interactive Software, Inc. Report was upgraded at Sterne Agee to buy from neutral. Twelve-month price target is $32. Guidance appears conservative and the stock is attractively valued, Sterne Agee said.
Urban Outfitters (URBN) - Get Urban Outfitters, Inc. Report was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $34. Growth is decelerating and the company may struggle to achieve margin targets, J.P. Morgan said.
Urban Outfitters was downgraded at Piper Jaffray to neutral from overweight. Twelve-month price target is $36. Company is seeing management transition and could take time to turn the business around, Piper Jaffray said.
Urban Outfitters was downgraded at Oppenheimer to perform from outperform. Twelve-month price target is $35. Company is facing increased competition and likely discounting more, Oppenheimer said.
Xilinx (XLNX) - Get Xilinx, Inc. Report was upgraded at Pacific Crest to overweight from sector weight. Twelve-month price target is $60. The breakdown in Dennard scaling and Dark Silicon is an underappreciated positive for field-programmable gate array makers. Despite XLNX being late to acceleration, there is no reason why it should not benefit from this market opportunity over the longer term, Pacific Crest said.
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This article was written by a staff member of TheStreet.