NEW YORK (TheStreet) -- RATINGS CHANGES

Dunkin Brands (DNKN) - Get Report was downgraded to hold by TheStreet Ratings.

Jazz Pharmaceuticals (JAZZ) - Get Report was downgraded to hold by TheStreet Ratings.

Moelis & Company (MC) - Get Report was initiated with a buy rating by UBS. Driven by co's ability to generate robust revenue with productivity metrics catching up. $31 12-month price target, UBS said.

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M&T Bank (MTB) - Get Report was upgraded to buy from neutral at Goldman Sachs. $145 12-month price target. HCBK buy should add to earnings, Goldman said.

Nimble Storage (NMBL) to outperform from market perform at William Blair. This was a valuation call, as the company has market expansion opportunity, said William Blair.

Omnicom (OMC) - Get Report was downgraded to neutral from buy at Goldman Sachs. Company was also cut from the Conviction List. Valuation is less compelling without the Publicis merger, Goldman said. $75 12-month price target.

Pandora (P) was upgraded to buy from neutral by MKM Partners. This is a valuation call, based on a $32 12-month price target, MKM said.

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PacWest (PACW) - Get Report was upgraded to outperform at FBR Capital Markets. $47 12-month price target. The CapitalSource acquisition should be accretive to earnings and book value, said FBR.

Paycom (PAYC) - Get Report was initiated with an overweight rating at Barclays. The company offers a disruptive product with multi-year growth opportunities, Barclays said. $21 12-month price target.

Public Service (PEG) - Get Report was upgraded to outperform from market perform at Wells Fargo. This was a valuation call, based on the sum of the parts, Wells Fargo said.

Ralph Lauren (RL) - Get Report was downgraded to neutral from outperform at Credit Suisse. $165 12-month price target. Company is spending more to invest in future growth, Credit Suisse said.

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TCF Financial (TCB) was upgraded to outperform from market perform by FBR Capital Markets. $18 12-month price target. This was a valuation call, as the stock is off 11% from its highs, said FBR.

Telefonica Brasil (VIV) - Get Report was downgraded to hold by TheStreet Ratings.

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