NEW YORK (TheStreet) -- RATINGS CHANGES
Blue Buffalo (BUFF) was upgraded to overweight from equal-weight at Morgan Stanley. $24 price target. The stock is down 40% from summer highs and not giving the company enough credit for its growth potential, Morgan Stanley said.
Celanese (CE) - Get Celanese Corporation Report was downgraded to neutral from buy at Goldman Sachs. $71 price target. This was a valuation call, as the company could face some margin compression, said Goldman.
Charles River (CRL) - Get Charles River Laboratories International, Inc. Report was upgraded to market perform from underperform at Wells Fargo. Recent checks show that business is stable and the company will continue to benefit from a weaker Canadian dollar, Wells said.
EMC (EMC) was downgraded to hold at Jefferies. This was a valuation call, based on a $29 price target.
Halyard Health (HYH) was downgraded to underweight at Morgan Stanley. $27 price target. The company looks ready for double-digit declines to 2016 consensus estimates, Morgan said.
NetApp (NTAP) - Get NetApp, Inc. Report was upgraded to outperform from neutral at Robert Baird. $40 price target. Fundamentals are improving and the company is a potential takeover target, Baird said.
PPG (PPG) - Get PPG Industries, Inc. Report was upgraded to buy from neutral at Goldman Sachs. $113 price target. This was a valuation call, as the stock is down 18% in the past three months, Goldman said.
Ruckus Wireless (RKUS) was downgraded to neutral from overweight at Piper Jaffray. This was a valuation call, based on a $13 price target, Piper said.
Ralph Lauren (RL) - Get Ralph Lauren Corporation Class A Report was initiated with an outperform rating at Telsey Advisory. $142 price target. The company is seeing lower currency pressures and will continue to expand internationally, said Telsey.
Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report was upgraded to overweight from underweight at Barclays. $85 price target. The company has a relatively high dividend yield, which has historically led to outperformance, Barclays said.
This article was written by a staff member of TheStreet.