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NEW YORK (

TheStreet

) --

CHANGE IN RATINGS

Avery Dennison

(AVY)

was upgraded at Bank of America/Merrill Lynch to buy from neutral. $52 price target. Favor more offensive names in the sector, BofA/Merrill said.

Bemis

(BMS)

was downgraded at BofA/Merrill to underperform from buy. Valuation call, based on a $44 price target, BofA/Merrill said.

FAB Universal

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was upgraded to hold at TheStreet Ratings.

Gilat Satellite

(GILT)

was downgraded to sell at TheStreet Ratings.

General Mills

(GIS)

was downgraded at Jefferies to underperform from hold. $44 price target. Weaker outlook at a high price, Jefferies said.

Nordstrom

(JWN)

was downgraded at Sterne Agee to neutral. Company is investing more in future growth, but domestic consumer activity remains choppy, Sterne Agee said. $62 price target.

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Pandora

(P)

was upgraded at Goldman Sachs to buy from neutral. $27 price target. Mobile ad RPM and subscription revenue growth are accelerating, Goldman said.

Xcel Energy

(XEL)

was initiated with a neutral rating at UBS. $30 price target. Growth opportunities are slowing, UBS said.

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Stock Comments / EPS Changes

Applied Materials

(AMAT)

estimates were cut at UBS through 2014. Company is facing gross margins headwinds, UBS said. Neutral rating and $15 price target.

Aspen Technology

(AZPN)

numbers were raised at Benchmark. Shares are now seen reaching $38. Estimates were also increased, as the company has a lot of earnings momentum, Benchmark said. Buy rating.

Dick's Sporting Goods

(DKS)

estimates were lowered at J.P. Morgan. Estimates were lowered through 2013. Expecting the third consecutive quarter of lower-than-forecasted same store sales growth, J.P. Morgan said. $60 price target and overweight rating.

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Wal-Mart

(WMT)

estimates, price target were reduced at UBS through 2015. Estimates were cut through 2015. Company is seeing weaker grocery sales, UBS said. Buy rating and new $88 price target.

Wal-Mart numbers were cut at Jefferies. Shares are now seen reaching $86. Estimates were also lowered on weak quarterly results, Jefferies said. Buy rating.

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This article was written by a staff member of TheStreet.