NEW YORK (TheStreet) -- RATINGS CHANGES

AMC (AMC) - Get Report was downgraded to neutral at MKM Partners. Valuation call, based on a 12-month price target of $37, MKM Partners said.

Akamai (AKAM) - Get Report was initiated with a hold rating at Deutsche Bank. Twelve-month price target is $73. Company is facing currency pressure that is not yet reflected in consensus expectations, Deutsche Bank said.

El Paso Electric (EE) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: EE Ratings Report.

EMC (EMC) was downgraded at FBN Securities to sector perform from outperform. Twelve-month price target is $27. Checks show a weak enterprise storage market and increased competition, FBN Securities said.

Hibbett Sports (HIBB) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: HIBB Ratings Report

Meritage (MTH) - Get Report was downgraded at J.P. Morgan to underweight from neutral. Twelve-month price target is $43. Expect group to underperform through the summer after a strong year-to-date rally, J.P. Morgan said.

Pier 1 (PIR) - Get Report was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $16. Company is likely done investing and profit growth is in sight, Wedbush said.

PulteGroup (PHM) - Get Report was downgraded at J.P. Morgan to underweight from neutral. Valuation call, based on a 12-month price target of $21, J.P. Morgan said.

Rexnord (RXN) - Get Report was downgraded at Deutsche Bank to hold from buy. $27 price target. Estimates were also cut, given lower expected organic growth, Deutsche Bank said.

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This article was written by a staff member of TheStreet.