NEW YORK (TheStreet) -- RATINGS CHANGES
Affymetrix (AFFX) was upgraded at J.P. Morgan to neutral from underweight. Valuation call, based on a 12-month price target of $10, J.P. Morgan said.
Twenty-First Century Fox(FOXA) - Get Report was downgraded at FBR Capital Markets to market perform from outperform. Twelve-month price target is $36. Company is facing multiple growth headwinds, FBR Capital Markets said.
Macy's(M) - Get Report was downgraded at Morgan Stanley to equal-weight from overweight. Company was also cut from the "Best Ideas" list. Twelve-month price target is $70. Valuation call, as the stock has outperformed by 30% over the past three years, Morgan Stanley said.
Paccar(PCAR) - Get Report was upgraded at J.P. Morgan to overweight from neutral. Twelve-month price target is $70. Industry truck orders are running above expectations and the stock is down 13% from December highs, J.P. Morgan said.
Ralph Lauren(RL) - Get Report was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $136. Estimates were also cut, as the company is facing pressure outside of just currency translation, Deutsche Bank said.
Ralph Lauren was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $145, Citigroup said.
Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes," which is available only to Real Money subscribers. To find out how to become a subscriber, please click here.
This article was written by a staff member of TheStreet.