NEW YORK (TheStreet) -- RATINGS CHANGES
Datalink (DTLK) was upgraded to buy at TheStreet Ratings.
First Solar (FSLR) - Get First Solar, Inc. Report was upgraded from hold to buy at Needham. $75 12-month price target. The company could split up the business to increase shareholder value, Needham said.
General Electric (GE) - Get General Electric Company Report was upgraded from market perform to outperform at Bernstein. $33 12-month price target. The stock has lagged, but management is cutting costs and the company is leveraged to the industrial cycle, Bernstein said.
Michaels (MIK) - Get Michaels Companies Inc Report was initiated with an equal-weight rating at Morgan Stanley. $16 12-month price target. The company will likely post below-average earnings growth in the near term, said Morgan Stanley.
Michaels (MIK) - Get Michaels Companies Inc Report was initiated with a buy rating at Nomura. $19 12-month price target. The company can leverage its leading market share and deleverage the balance sheet, Nomura said.
Pattern Energy (PEGI) - Get Pattern Energy Group, Inc. Class A Report was downgraded to neutral at Bank of America/Merrill Lynch. $33 12-month price target. The company lacks near-term visibility, said BofA/Merrill.
Southern Copper (SCCO) - Get Southern Copper Corporation Report was downgraded from outperform to market perform at FBR Capital Markets. $35 12-month price target. Copper prices should remain muted and the company will likely be slower to ramp production growth, said FBR.
Target (TGT) - Get Target Corporation Report was downgraded from buy to neutral at Goldman Sachs. $59 12-month price target. The company lacks near-term catalysts, Goldman said. Estimates were also cut.
Tesla (TSLA) - Get Tesla Inc Report was initiated with an outperform rating at Pacific Crest. $316 12-month price target. The company has healthy demand trends and can achieve near-term targets, Pacific Crest said.
Time Warner (TWX) was downgraded from hold to sell at Topeka Capital. $69 12-month price target. Twenty-First Century Fox FOXA withdrew its initial bid, and there's still an inefficient premium in the stock, said Topeka.
Vanguard Natural (VNR) was downgraded from buy to hold at Wunderlich. $29 12-month price target. Lower NGL prices should be a headwind, Wunderlich said.
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This article was written by a staff member of TheStreet.