NEW YORK (TheStreet) -- RATINGS CHANGES
Blackrock (BLK) - Get Report was initiated at Barclays with an equal weight rating. Company has best-in-class exposure to larger market opportunities, but current multiple puts it at high end of valuation range, Barclays said.
BOK Financial (BOKF) - Get Report was upgraded to buy from neutral at Sterne Agee. Twelve-month price target is $71. Company should see higher credit quality and lending growth in the coming quarters, Sterne Agee said.
Blackstone (BX) - Get Report was initiated at Barclays with an overweight rating. Company offers breadth and diversity within the asset management space, Barclays said. Twelve-month price target is set at $39.
Energy Transfer (ETP) was upgraded at Robert Baird to outperform from neutral. Twelve-month price target was raised to $77 from $65. Fourth-quarter and 2015 estimates were raised on progress made over last two years, Robert Baird said.
Gentex (GNTX) - Get Report was upgraded at Keybanc to buy. Twelve-month price target is $43. Estimates were also increased, as the company can deliver double-digit annual earnings growth, Keybanc said.
Kohlberg Kravis Roberts (KKR) - Get Report was initiated at Barclays with an overweight rating. Differentiated business model positions stock well within the asset management business, Barclays said. Twelve-month price target is set at $26.
Procter & Gamble (PG) - Get Report was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $105. Estimates were also increased, as the company is improving operating efficiency in the face of currency and commodity headwinds, Credit Suisse said.
Thor Industries (THO) - Get Report was downgraded at BMO Capital to market perform from outperform. Twelve-month price target is $54. Company will likely continue to see margin pressure, BMO Capital said.
UTI Worldwide (UTIW) was downgraded at Stifel Nicolaus to hold from buy. Company is a takeover target, but fair value is likely around $14 to $15 a share, Stifel Nicolaus said.
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This article was written by a staff member of TheStreet.