NEW YORK (TheStreet) -- RATINGS CHANGES

Agrium (AGU) was downgraded to hold by TheStreet Ratings team. You can view the full analysis from the report here: AGU Ratings Report.

Axcelis Technologies(ACLS) - Get Report was started at buy by Benchmark, which set a $4.50 price target. Axcelis is a leading manufacturer of ion implant systems for the semiconductor industry, Benchmark said, noting that the company has recently introduced a series of new ion implanters: the Purion H, the Purion M, and the Purion XE. The Purion H high current implanter and Purion M medium current implanter opened up an additional 85% of the implant market, providing Axcelis with 100% coverage of the semiconductor implant market, Benchmark said.

Aldeyra Therapeutics(ALDX) - Get Report was started at buy by Canaccord Genuity, which set a $16 price target. Aldeyra is developing an unique aldehyde-trapping molecule, NS2, to treat two orphan indications with significant unmet need: Sjögren-Larsson Syndrome (SLS) and noninfectious anterior uveitis (AU), Canaccord said, explaining that since both diseases are associated with disruptions in aldehyde metabolism, decreasing the aldehyde load should mitigate the underlying inflammation.

Baxter(BAX) - Get Report was downgraded to neutral from outperform by Credit Suisse, which set a $39 price target, citing valuation, following the Baxalta (BXLT) split.

BankUnited(BKU) - Get Report was upgraded to overweight, by J.P. Morgan, which said the company should benefit from low deposit costs and earnings are near a turning point.

Canon(CAJ) - Get Report was downgraded to hold by TheStreet Ratings team. You can view the full analysis from the report here: CAJ Ratings Report.

Check Point Software(CHKP) - Get Report was started at market perform by JMP Securities, which said that Check Point is facing increased competition in the firewall business.

ConAgra(CAG) - Get Report was upgraded to neutral from underperform by Bank of America/Merrill Lynch, which set a $46 price target, saying the company is cutting costs, improving productivity and may explore other strategic options.

Dillard's(DDS) - Get Report was started at hold by Deutsche Bank, which set a $116 price target, saying that sales and margins have likely peaked.

H&E Equipment Services(HEES) - Get Report was downgraded to sector weight from overweight by Keybanc, which kept its price target, saying that recent high level rental contact discussions increasingly point toward a compressed equipment rental year; most factors appear to be transitory, suggesting absorption of excess equipment in the second half of 2015 and better rental dynamics in 2016; better prospects in 2016 and solid free-cash-flow optionality from group enticing and likely to create trading opportunities, but potential for the group to face late cycle multiple compression indicates balanced risk/reward.

Harsco(HSC) - Get Report was upgraded to buy by Jefferies, which set a $23 price target, saying that business is in the early stages of improving and the company has significant margin upside.

InterContinental Hotels Group(IHG) - Get Report was upgraded to buy from neutral by MKM Partners, which set a $50 price target, saying thta strong franchising business at IHG (68% of operating earnings) is undervalued relative to Choice Hotels International(CHH) - Get Report and arguably on an absolute basis. Return-on-invested-capital trends are diverging, increasing for IHG and decreasing for CHH, which further supports the multiple arbitrage. IHG is more of a likely candidate to participate in industry consolidation.

Pinnacle West(PNW) - Get Report was upgraded to outperform from neutral by Credit Suisse, which set a $71 price target, saying the company is leveraged to an economic recovery in Arizona.

United Rentals(URI) - Get Report was downgraded to sector weight from overweight by Keybanck, which kept its price target, saying that recent high level rental contact discussions increasingly point toward a compressed equipment rental year; most factors appear to be transitory, suggesting absorption of excess equipment in the second half of 2015 and better rental dynamics in 2016; better prospects in 2016 and solid free-cash-flow optionality from group enticing and likely to create trading opportunities, but potential for the group to face late cycle multiple compression indicates balanced risk/reward.