Editor's Note: Green and red arrows refer to intraday stock price movement.NEW YORK ( TheStreet) -- CHANGE IN RATINGS Allstate ( ALL - Get Report) downgraded at Citi to Hold from Buy. Improvement will take longer than originally expected, Citigroup said. Price target trimmed by a dollar to $36. Aruba Networks ( ARUN) upgraded at Barclays from Neutral to Overweight. $33 price target. Company is seeing better sales demand. Activision Blizzard ( ATVI - Get Report) rated new Buy at Brean Murray. $15 price target. Company is transitioning toward more online game offerings. Scotiabank ( BNS) upgraded at BofA/Merrill to Buy from Neutral. Strong loan growth, international business, and it's the least exposed to Canadian banking, Bank of America/Merrill Lynch said. Price target raised to $65 from $62. Career Education ( CECO - Get Report) upgraded at FBR from Underperform to Market Perform. Valuation call, given the improved regulatory outlook. Canadian Imperial Bank of Commerce ( CM - Get Report) downgraded at BofA/Merrill to Neutral from Buy. Reluctant to be more aggressive with capital management, Bank of America/Merrill Lynch said. Price target cut to $86 from $90. Cisco Systems ( CSCO - Get Report) rated new Hold at Jefferies. $15.75 price target. Company is in the early stages of a potential turnaround. DryShips ( DRYS) upgraded at Goldman from Neutral to Buy. Valuation is attractive, ahead of the upcoming Ocean Rig share offering. $6 price target. Foot Locker ( FL - Get Report) rated new Hold at Jefferies. $25 price target. Potential NBA lockout creates uncertainty around the stock. Forest Laboratories ( FRX) upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. $41 price target. Risk/reward is improved at current levels. Noble ( NE) upgraded at FBR from Market Perform to Outperform. $55 price target. Company should see a spike in jackup day rates. Nextera Energy ( NEE) downgraded at Soleil from Buy to Hold. $57 price target. Company has relatively low commodity exposure. Nike ( NKE) rated new Buy at Jefferies. $100 price target. Company is a market leader in a market that has significant tailwinds. Universal Display ( PANL) rated new Buy at Goldman Sachs. $55 price target. Company can grow quickly, along with the OLED display market. Pentair ( PNR) rated new Neutral at UBS. $42 price target. Company is facing a mixed outlook for its end-markets.
Skyworks ( SWKS) downgraded at Sterne Agee from Buy to Neutral. Company is facing increased competition. Theravance ( THRX) downgraded at Baird from Outperform to Neutral, Robert Baird said. $23 price target. Relovair is facing increased risks. Take-Two ( TTWO) rated new Hold at Brean Murray. Investors have a long wait for the next Grand Theft Auto game. VF Corp. ( VFC) rated new Neutral at Jefferies. Valuation call, based on a $100 price target. Cimarex Energy ( XEC) rated new Outperform at Morgan Keegan. $120 price target. Company can deliver high-margin growth in 2012. End of report.