NEW YORK ( TheStreet) -- RATINGS

Alcoa(AA) - Get Report was downgraded to neutral from buy by Sterne Agee, which set a 12-month price target of $12, saying the company is working through a challenging period in its portfolio transformation and is facing fundamental risks to its commodity business.

Agco(AGCO) - Get Report was upgraded to neutral from underweight by J.P. Morgan, which set a 12-month price target of $55, saying activist presence should help increase shareholder value.

Axis Capital Holdings(AXS) - Get Report was downgraded to neutral from buy by MKM Partners, which set a 12-month price target of $56. The shares have reached MKM Partners' price target due in part to press stories that the company may become a takeover target itself if its merger plans with PartnerRe (PRE) are not approved by PartnerRe shareholders, MKM said.

ConAgra Foods(CAG) - Get Report was upgraded to overweight from neutral by J.P. Morgan, which cited valuation, based on a 12-month price target of $52.

Carnival(CCL) - Get Report was upgraded to buy from hold by Deutsche Bank, which set a 12-month price target of $55.30, saying the company should see bookings and pricing recovery.

Eagle Pharmaceuticals(EGRX) - Get Report was started at outperform by RBC Capital, which set a 12-month price target of $97. Bendamustine is key and drives 54% of the equity value, but there is a solid pipeline of opportunities that can help to support a sustainable growth story, RBC said. Expected near-term M&A on sizable cash balance presents another important catalyst that shouldn't be overlooked, the firm added.

Eastman Chemical(EMN) - Get Report was upgraded to buy from neutral and given a 12-month price target of $98 by Nomura, which said the company can generate solid free cash flow.

EQT GP Holdings (EQGP) was started at outperform by Credit Suisse, which set a 12-month price target of $43. EQT is a pure-play general partner deriving 100% of its cash flow from its MLP, EQM Midstream Partners(EQM) - Get Report, via incentive distribution rights (IDRs) and distributions from EGT's 30% ownership of EQM LP units. Analysts expect EQM to generate a three-year Ebitda compound annual growth rate of 78% and a distribution CAGR of 23% since its 2012 IPO (based on 2015 CS estimates) which has been driven primarily through an aggressive dropdown program with sponsor, EQT Corp.(EQT) - Get Report, Credit Suisse said.

EQT GP Holdings (EQGP) was started at outperform by RBC, which set a 12-month price target of $38. EQM's general partner (EQGP) will be among the fastest growth vehicles in the MLP space, near 35% five-year distribution growth CAGR, RBC said. EQGP comes at a hefty premium, but EQGP's premium is warranted and sustainable given line-of-sight for underlying MLP distribution growth and potential upside longer term from ability to leverage EQT E&P relationship, RBC added.

Expedia(EXPE) - Get Report was upgraded to buy from hold by Deutsche Bank, which said the company is consoliating the industry and can continue to grow over the next several quarters.

Marsh & McLennan(MMC) - Get Report was downgraded to neutral from buy by Goldman Sachs, which cited valuation, based on a 12-month price target of $60.

Manitowoc(MTW) - Get Report was downgraded to hold by TheStreet Ratings team. You can view the full analysis from the report here: MTW Ratings Report.

MetLife(MET) - Get Report was upgraded to outperform from sector perform by RBC Capital, which set a 12-month price target of $68, saying the company is leveraged to higher interest rates and will likely repurchase more shares.

Micron(MU) - Get Report was started at outperform by Cowen, which set a 12-month price target of $34, saying the company can expand memory margins and trades at a discount to its peers.

Micron(MU) - Get Report was downgraded to sell from neutral by Goldman Sachs, which set a 12-month price target of $19, saying rising supply should hurt DRAM margins.

Priceline.com (PCLN) was downgraded to hold from buy by Deutsche Bank, which cited valuation, saying a new analyst has a 12-month price target of $1,325.

PPL(PPL) - Get Report was upgraded to buy by Jefferies, which cited valuation, based on a 12-month price target of $34.

VeriFone Systems (PAY) was upgraded to buy by TheStreet's ratings team. You can view the full analysis from the report here: PAY Ratings Report.