NEW YORK ( TheStreet) -- CHANGE IN RATINGSAllegheny Technologies ( ATI) was downgraded at Topeka Capital to hold from buy. $20 price target. Recent channel checks suggest that consensus estimates remain too high, Topeka Capital said. Baker Hughes ( BHI) was upgraded at Cowen to outperform from market perform. $57 price target. Operating results surpassed expectations in the eastern hemisphere, Cowen said. Annie's ( BNNY) was downgraded at J.P. Morgan to neutral. The stock seems fully valued in an increasingly competitive market, said J.P. Morgan. Price target: $44. Future EPS and revenue estimates were lowered as BNNY's competitors are primed to overtake market share, J.P. Morgan said. Coty ( COTY) was initiated with a buy rating at Deutsche Bank. $20 price target. Company is well-positioned to capture growth, Deutsche Bank said.
New Oriental Education & Technology ( EDU) was upgraded to buy at TheStreet Ratings. Hasbro ( HAS) was upgraded at Needham to buy from hold. $52 price target. Quarter showed more positive surprises, Needham said. Isis Pharmaceuticals ( ISIS) was downgraded at Piper Jaffray to underweight. Valuation call, based on a $20 price target, Piper Jaffray said. JDS Uniphase ( JDSU) was downgraded at MKM Partners to neutral from buy. Valuation call, based on a $15 price target, MKM Partners said. Noodles ( NDLS) was initiated with a neutral rating and $46 price target at UBS. Despite its growth opportunity, valuation is rich, UBS said. Noodles was initiated with an equal-weight rating at Morgan Stanley. Strong fundamentals and growth opportunities, Morgan Stanley said. Experienced management, significant cash production and strong per-franchise sales suggest large upside to this fast-noodle provider, Morgan Stanley said.
Netflix ( NFLX) was downgraded at Cantor Fitzgerald to hold from buy. $260 price target. Stock has had a meteoric rise, Cantor said. PNC Financial ( PNC) was downgraded at Sterne Agee to neutral from buy. Stock has made a strong surge in recent weeks, Sterne Agee said. Sally Beauty ( SBH) was downgraded at Sterne Agee to neutral from buy. Valuation call, based on a $31 price target, Sterne Agee said. United Financial Bancorp ( UBNK) was downgraded to hold at TheStreet Ratings.