NEW YORK ( TheStreet) -- CHANGE IN RATINGS Abercrombie & Fitch ( ANF) downgraded at Baird from Outperform to Neutral, Robert Baird said. $32 price target. Company is seeing lower sales, especially in Europe. Abercrombie & Fitch downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $28 price target. Company could continue to struggle for several quarters. Advantest ( ATE) downgraded to sell at TheStreet Ratings. BCD Semiconductor Manufacturing ( BCDS) downgraded to sell at TheStreet Ratings. Bristol-Myers ( BMY) downgraded at Leerink from Outperform to Market Perform, Leerink Swann said. Stock could be rangebound, following the failure of its Hepatitis-C treatment. Cerner ( CERN) downgraded at Leerink to Market Perform, Leerink Swann said. Bookings growth is starting to decelerate. Embraer ( ERJ) rated new Buy at UBS. $32 price target. Bizjets / defense / aftermarket to drive growth. First Solar ( FSLR) upgraded at Baird from Neutral to Outperform, Robert Baird said. $30 price target. Company has a solid balance sheet and pipeline execution remains strong. First Solar upgraded at Cantor from Hold to Buy, Cantor Fitzgerald said. Company can replace its project pipeline and transition to a more sustainable business model. First Solar upgraded at ThinkEquity from Sell to Hold, ThinkEquity said. $16 price target. Company boosted its guidance and appears to have prior issues under control. HSN ( HSNI) downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Valuation call. MGM Resorts ( MGM) downgraded at BofA/Merrill to Neutral, Bank of America/Merrill Lynch said. $11 price target. Second half recovery may not materialize in Las Vegas. Pharmacyclics ( PCYC) downgraded at Needham from Buy to Hold, Needham said. Valuation call. Ralcorp ( RAH) upgraded at Credit Suisse from Neutral to Outperform, Credit Suisse said. $75 price target. Company is cutting costs. Stryker ( SYK) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $61 price target. Expect a challenging environment for hospital capital spending. Titanium Metals ( TIE) upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. Valuation call, based on a $17 price target. Wright Express ( WXS) downgraded at Sterne Agee to Neutral, Sterne Agee said. $73 price target. Estimates also cut, given macro risks.