Editor's Note: Green and red arrows refer to intraday stock price movement.

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

American Electric ( AEP) downgraded at Goldman to Neutral. Rate negotiations will likely be pushed out. $37 price target.

AK Steel ( AKS) upgraded at Keybanc from Hold to Buy. $20 price target. Industry has passed an important inflection point.

Alnylam ( ALNY) upgraded at Needham from Hold to Buy, Needham & Company said. Company has several potential near-term catalysts in its pipeline.

Applied Materials ( AMAT) upgraded at Piper from Neutral to Overweight, Piper Jaffray said. $22 price target. Consensus earnings estimates remain too low.

Autonation ( AN) downgraded at Soleil to Hold, Soleil Securities said. Valuation call, as the stock has outperformed the broader market by 55% since last April. $35 price target.

Air Products ( APD) upgraded at Citigroup from Hold to Buy, Citigroup said. $107 price target. Company can deliver core growth, despite the recent distraction from the ARG bid.

Crown Holdings ( CCK) rated new Buy at Jefferies. $46 price target. Company has emerging markets exposure and generates solid free cash flow.

Choice Hotels ( CCH) downgraded at Credit Suisse to Underperform from Neutral on limited growth in pipeline, Credit Suisse said. Price target lowered to $35 from $38.

Cepheid ( CPHD) rated new Buy at Goldman Sachs. New products should drive earnings growth. $30 price target.

Expeditors International of Washington ( EXPD) downgraded at Credit Suisse to Neutral from Outperform as it is no longer a compelling opportunity, Credit Suisse said. Price target cut to $57 from $61.

Forest Laboratories ( FRX) downgraded at Citigroup from Buy to Hold, Citigroup said. $35 price target. CLDA deal will dilute near-term earnings.

Holly ( HOC) upgraded at RBC from Sector Perform to Outperform, RBC Capital said. $66 price target. FTO merger makes strategic sense.

Honeywell ( HON) upgraded at Argus from Hold to Buy, Argus Research said. Valuation call, based on a $66 price target.

Itron ( ITRI) rated new Buy at Janney Montgomery. $75 price target. Company is leveraged to increased spending by utilities.

L-3 Communications ( LLL) upgraded at Argus from Sell to Hold. Valuation call.

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