Analysts' Actions: ANF CAT KBH MGM P VMW

NEW YORK ( TheStreet) -- CHANGE IN RATINGS:

Abercrombie & Fitch ( ANF) was upgraded at BMO Capital to outperform. $61 price target. Company's domestic outlook is improving, BMO Capital said.

Caterpillar ( CAT) was upgraded at BMO Capital from market perform to outperform. $130 price target. Worst news appears to be behind the company, BMO said.

Equinix ( EQIX) was downgraded at Citigroup to neutral from buy. $240 price target. Risk reward scenario has become more balanced, Citi said.

Fifth Third ( FITB) was upgraded at Wells Fargo from market perform to outperform. Company should see improving returns and deliver greater capital flexibility, Wells said.

Fortinet ( FTNT) was downgraded at Wunderlich from buy to hold. $22 price target. Company will likely face increased competition in the coming quarters, Wunderlich said.

Interxion Holding ( INXN) was downgraded at Citigroup to neutral from buy. $25 price target. Challenging business environment in Europe may restrain revenue growth prospects, Citi said.

KB Home ( KBH) was upgraded at Compass Point to buy. $20.50 price target. Company has addressed its liquidity concerns, Compass Point said.

Lennar ( LEN) was upgraded at Compass Point from neutral to buy. Valuation call, based on a $49.50 price target, Compass Point said.

MGM Resorts ( MGM) was downgraded at Deutsche Bank from buy to hold. Valuation call, based on a $13 price target, Deutsche Bank said.

Norwegian Cruise ( NCLH) was initiated with a buy rating at Stifel Nicolaus. $33 price target. Cruise industry should see multiple years of yield expansion, Stifel Nicolaus said.

NCR ( NCR) was downgraded at Compass Point from buy to neutral. $30 price target. Valuation call, as the stock has made a strong run since October, Compass Point said.

Pandora ( P) was downgraded at Wedbush from outperform to neutral. $11.50 price target. Company may see higher competition on royalty rates, Wedbush said.

PNC Financial ( PNC) was downgraded at Wells Fargo from outperform to market perform. Valuation call, Wells said.

Standard Pacific ( SPF) was upgraded at Compass Point from neutral to buy. $10.25 price target. Company is leveraged to key housing markets that are rebounding, Compass Point said.

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