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RATINGS CHANGES

Alibaba (BABA) - Get Alibaba Group Holding Ltd. Report was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: BABA Ratings Report.

Becton Dickinson (BDX) - Get Becton, Dickinson and Company Report was upgraded to buy at Deutsche Bank. This was a valuation call, based on a $163 price target, said Deutsche Bank.

Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report was upgraded to buy from hold at Jefferies. $27.50 price target. The macro environment is better than feared and the stock is at an attractive entry point, Jefferies said.

First Data (FDC) - Get First Data Corporation Class A Report was upgraded to outperform from neutral at Credit Suisse. $12 price target. The company is a defensive play and sports an 11% free cash flow yield, Credit Suisse said.

International Flavors (IFF) - Get International Flavors & Fragrances Inc. Report was downgraded to hold at Deutsche Bank. $115 price target. Short term fundamentals are worse than expected, said Deutsche Bank.

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Mastercard (MA) - Get Mastercard Incorporated Class A Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $92 price target. The company is leveraged to lower growth and increased risk aversion said BofA/Merrill.

State Street (STT) - Get State Street Corporation Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: STT Ratings Report.

Teneco (TEN) - Get Tenneco Inc. Class A Report was upgraded to overweight from equal-weight at Barclays. This was a valuation call, based on a $55 price target, said Barclays.

Twitter (TWTR) - Get Twitter, Inc. Report was downgraded to sector weight from overweight at Pacific Crest. The analysts are not confident in management's ability to turn the company around, PacCrest said.

Visa (V) - Get Visa Inc. Class A Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $75 price target. The industry is leveraged to slower U.S. growth, BofA/Merrill said.

Voya (VOYA) - Get Voya Financial, Inc. Report was upgraded to neutral from underweight at J.P. Morgan. $41 price target. This was a valuation call, as the stock is down 26% year to date, said J.P. Morgan.

Wendy's (WEN) - Get Wendy's Company Report was downgraded to neutral from overweight at J.P. Morgan. $10.50 price target. The company is spending more than expected on capital projects, J.P. Morgan said.

This article was written by a staff member of TheStreet.