NEW YORK ( TheStreet) -- CHANGE IN RATINGSActavis ( ACT) was upgraded at Leerink Swann to outperform from market perform. $155 price target. Company can exceed near-term earnings expectations, Leerink Swann said. Air Products ( APD) was downgraded at Jefferies to hold. Valuation call, as the stock is up 22% since the beginning of May, Jefferies said. $104 price target. Boston Scientific ( BSX) was upgraded to hold at TheStreet Ratings. Cabot Oil & Gas ( COG) was upgraded at Oppenheimer to outperform. Ratings change reflects strong top-line growth, Oppenheimer said. Unparalleled growth in shale-gas industry will generate high FCF, Oppenheimer also said. Price target $100. Cash America ( CSH) was downgraded at Sterne Agee to underperform from neutral. Price target decreased to $36. There is weakness in U.S. pawn shop lending, and there is already scrutiny on small-bank ACH activity, Sterne Agee said.
Expedia ( EXPE) was downgraded at Lazard Capital Markets to neutral from buy. Growth could decelerate in the coming quarters, Lazard Capital Markets said. Flir Systems ( FLIR) was downgraded at J.P. Morgan to underweight from neutral. Price target is $29.50. Shares have reached the price target, downgrading on valuation, J.P. Morgan said. Francesca's ( FRAN) was downgraded to neutral at Wedbush and given a $32 price target. Concerns about a short-term slowdown, Wedbush said. Lackluster mall traffic, contracting margins and a competitive back-to-school environment threaten FRAN's market share, Wedbush also said. Hormel ( HRL) was upgraded at Credit Suisse to outperform from neutral. $46 price target. Company can outperform its peers in a difficult environment, Credit Suisse said.
KBR ( KBR) was downgraded at William Blair to market perform from outperform. $37 price target. Large projects are being delayed and the company has limited earnings upside potential, William Blair said. Lazard ( LAZ) was upgraded to buy at TheStreet Ratings. Lear ( LEA) was downgraded at UBS to neutral from buy. Valuation call, as the stock is up 44% year to date, UBS said. $70 price target. Mettler-Toledo ( MTD) was upgraded at Cantor Fitzgerald to buy. Strong second-quarter beat and pending growth opportunities, said Cantor Fitzgerald. International expansion and margin growth potential drove the bull case and a new $252 price target, Cantor Fitzgerald said. Noble Energy ( NBL) was downgraded at Bank of America/Merrill Lynch to neutral from buy. $71 price target. Valuation call, as the stock has gained 30% since December, BofA/Merrill Lynch said.