NEW YORK (TheStreet) -- RATINGS CHANGES
Alcoa (AA) - Get Alcoa Corporation Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $12 price target. The aluminum market is more stable and the company is leveraged to continued aerospace growth, said BofA/Merrill.
Aetna (AET) was upgraded to outperform from sector perform at RBC Capital. $162 price target. The stock is down 15% from June highs, but expect the Humana deal to close, said RBC.
Coca-Cola Enterprises (CCE) was downgraded to sector perform from outperform at RBC Capital. This was a valuation call, based on a $54 price target, RBC said.
Fitbit (FIT) - Get Fitbit, Inc. Class A Report was upgraded to overweight at Morgan Stanley. $58 price target. The company is selling more units and can realize operating leverage, said Morgan Stanley.
Harris (HRS) was upgraded to buy at Goldman Sachs. $100 price target. Orders and organic revenue growth are accelerating, Goldman said.
L-3 Communications (LLL) - Get JX Luxventure Limited Report was downgraded to neutral at Goldman Sachs. $116 price target. This was a valuation call, as the company is not executing consistently, said Goldman.
Orbital ATK (OA) was upgraded to buy at Goldman Sachs. $91 price target. The company has multiple growth drivers and generates strong cash flow, said Goldman.
Reliance Steel (RS) - Get Reliance Steel & Aluminum Co. Report was upgraded to buy at Bank of America/Merrill Lynch. $66 price target. The company has low debt leverage and steady margins, said BofA/Merrill.
Sandisk (SNDK) was upgraded to overweight from neutral at JPMorgan. The company can resume growth in the enterprise and client segments, said JPMorgan.
Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report was downgraded to outperform from top pick at RBC Capital. This was a valuation call, based on a $145 price target, said RBC.
Fresh Market (TFM) was upgraded to neutral from underperform at Sterne Agee/CRT. $20 price target. The short thesis has played out, as the company is already down 48% year to date, Sterne Agee said.
Wayfair (W) - Get Wayfair, Inc. Class A Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $45 price target. The sell-off has created an attractive buying point, BofA/Merrill said.
Wisconsin Energy (WEC) - Get WEC Energy Group Inc Report was upgraded to outperform from market perform at Wells Fargo. The company can deliver higher earnings growth and deserves a premium valuation, said Wells.
Wells Fargo (WFC) - Get Wells Fargo & Company Report was upgraded to buy from hold at Deutsche Bank. The stock is down with the rest of the group, but the company can take advantage of higher interest rates, Deutsche said.
This article was written by a staff member of TheStreet.