NEW YORK ( TheStreet) -- CHANGE IN RATINGS Check Point ( CHKP) was initiated with a market perform rating at BMO Capital. $48 price target. Company has limited near-term visibility, BMO said. Centurylink ( CTL) was downgraded at Piper Jaffray from overweight to neutral. $42 price target. RLEC's are facing increased competition and could be less attractive with higher dividend tax rates, Piper Jaffray said. Dycom Industries ( DY) was upgraded to buy at TheStreet Ratings. Ensco ( ESV) was downgraded at Deutsche Bank from buy to hold. $58 price target. Capacity is growing in the offshore market, Deutsche Bank said. Five Below ( FIVE) was initiated with a buy rating at Guggenheim. $37 price target. Company can expand margins and deliver 30% annual earnings growth over the next few years, Guggenheim said. Fortinet ( FTNT) was upgraded at Oppenheimer to outperform from perform. $24 price target. Solid trends and market leadership, Oppenheimer said. Nabors ( NBR) was upgraded at Deutsche Bank from hold to buy. $28 price target. Company has attractive natural gas exposure, Deutsche said. Patterson-UTI ( PTEN) was upgraded at Deutsche Bank from hold to buy. $28 price target. Company is leveraged to improving natural gas fundamentals, Deutsche said. Ralcorp Holdings ( RAH) was downgraded at UBS to neutral from buy. $90 price target. Company to be acquired by ConAgra, UBS said. Rowan ( RDC) was downgraded at Deutsche Bank from buy to hold. $32 price target. Industry could see margin compression, Deutsche said. Shanda Interactive ( GAME) was upgraded to hold by TheStreet Ratings. Sherwin-Williams ( SHW) was downgraded at Nomura from buy to neutral. Valuation call, based on a $170 price target, Nomura said. Vornado Realty Trust ( VNO) was upgraded at Citigroup to buy from neutral. $85 price target. Story poised to improve and valuation overly discounted, Citi said. Workday ( WDAY) was initiated with a neutral rating at Piper Jaffray. Valuation call, based on a $49 price target, Piper Jaffray said. Windstream ( WIN) was downgraded at Piper Jaffray from neutral to underweight. $6.50 price target. Company lowered guidance, and the dividend remains at risk, Piper Jaffray said.