RATINGS CHANGES

Ariad Pharmaceuticals (ARIA) was downgraded to underweight from neutral at JPMorgan. $7 price target. Expect more volatility in the near term, JPMorgan said. 

Con Edison (ED) - Get Report was upgraded to hold from sell at Deutsche Bank. The valuation is more attractive, based on a $74 price target, Deutsche said. 

EOG Resources (EOG) - Get Report was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: EOG.

Kinder Morgan (KMI) - Get Report was upgraded to outperform at BMO Capital. $26 price target. Expect Trans Mountain project to be ultimately improved and for the dividend to increase by 2019, BMO said. 

CarMax (KMX) - Get Report was upgraded to buy from hold at Deutsche Bank. $68 price target. The company should benefit from increased headwinds in the new car market, Deutsche said. 

MB Financial (MBFI) - Get Report was upgraded to buy from neutral at DA Davidson. $43 price target. The company traded at a discount to its peers, but is growing faster than the group, Davidson said. 

3M(MMM) - Get Report was upgraded to overweight from equal-weight at Barclays. $194 price target. The stock has pulled back, but the company is leveraged to an emerging markets recovery, Barclays said. 

Reliance Steel (RS) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: RS.

S&T Bancorp (STBA) - Get Report was upgraded to overweight at Piper Jaffray. $32 price target. The company offers industry-leading profitability, Piper said. 

AT&T (T) - Get Report was downgraded to hold from buy at Drexel Hamilton. AT&T-Time Warner deal will be a distraction in 2017 and dilutive to earnings in 2018, Drexel said. 

United Rental (URI) - Get Report was downgraded to equal-weight at Morgan Stanley. The valuation is less attractive based on an $81 price target, Morgan said. 

VMWare (VMW) - Get Report was upgraded to outperform from market perform at William Blair. Newer products are performing well and the company's position in the public cloud is improving, Blair said. 

Verizon (VZ) - Get Report was upgraded to buy from hold at Drexel Hamilton. $54 price target. Earnings growth is expected to accelerate through 2017, given its wireless strength, Drexel said. 

This article was written by a staff member of TheStreet.