Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report was initiated with an overweight rating at Pacific Crest. $134 price target. Monetization on core e-commerce is likely to increase, Pac Crest said.
Dollar General (DG) - Get Dollar General Corporation Report was downgraded to underperform from neutral at Credit Suisse. $62 price target. Earnings estimates were also cut, given increased competition and cost pressures, Credit Suisse said.
Dollar Tree (DLTR) - Get Dollar Tree, Inc. Report was upgraded to neutral from underperform at Credit Suisse. $73 price target. The company may be one of the few large retailers to grow earnings this year, Credit Suisse said.
Altria (MO) - Get Altria Group Inc Report was downgraded to underperform at RBC Capital. $62 price target. The valuation is less attractive, as the company is trading at a premium to the RAI takeover price, RBC said.
Norfolk Southern (NSC) - Get Norfolk Southern Corporation Report was downgraded to underperform at RBC Capital. $113 price target. The valuation is stretched and efficiency targets will be much harder to achieve, RBC said.
Proofpoint (PFPT) - Get Proofpoint, Inc. Report was downgraded to sell from neutral at Goldman Sachs. $69 price target. The company has a premium valuation, even though primary product cycles are fading, Goldman said.
This article was written by a staff member of TheStreet.