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RATINGS CHANGES

American Eagle (AEO) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $22 price target. There is potential upside to consensus expectations and valuation, analysts said. 

Caterpillar (CAT) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: CAT.

Eastman Chemical (EMN) was downgraded to sector perform at RBC Capital. $70 price target. Earnings estimates were cut, given sluggish downstream pricing, RBC said. 

Eastman Chemical was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: EMN.

Harley-Davidson (HOG) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: HOG.

Kroger (KR) was downgraded to market perform from outperform at BMO Capital. $35 price target. The company will struggle to execute in a deflationary environment, BMO said. 

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Meritage (MTH) was downgraded to hold from buy at Deutsche Bank. $38 price target. The company has no clear fix on the horizon, Deutsche said. 

Portland General (POR) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $45 price target. New rate plan is likely being pushed out a year, analysts said. 

Pioneer Natural Resources (PXD) was upgraded to overweight at Barclays. $175 price target. The company is leveraged to higher oil volume growth, Barclays said. 

Regal Beloit undefined was downgraded to market perform at BMO Capital. $66 price target. The company's key vertical is weaker and is facing steel inflation, BMO said. 

Veeco (VECO) was upgraded to buy from hold at Deutsche Bank. $22 price target. The company is consolidating manufacturing and should see a sequential uptick in revenue growth, Deutsche said. 

Wendy's (WEN) was downgraded to sector perform at RBC Capital. $11 price target. The company has limited same-store sales visibility, RBC said. 

This article was written by a staff member of TheStreet.