NEW YORK ( TheStreet) -- CHANGE IN RATINGSAvery Dennison ( AVY) was upgraded at Bank of America/Merrill Lynch to buy from neutral. $52 price target. Favor more offensive names in the sector, BofA/Merrill said. Bemis ( BMS) was downgraded at BofA/Merrill to underperform from buy. Valuation call, based on a $44 price target, BofA/Merrill said. FAB Universal ( FU) was upgraded to hold at TheStreet Ratings. Gilat Satellite ( GILT) was downgraded to sell at TheStreet Ratings. General Mills ( GIS) was downgraded at Jefferies to underperform from hold. $44 price target. Weaker outlook at a high price, Jefferies said. Nordstrom ( JWN) was downgraded at Sterne Agee to neutral. Company is investing more in future growth, but domestic consumer activity remains choppy, Sterne Agee said. $62 price target.
Pandora ( P) was upgraded at Goldman Sachs to buy from neutral. $27 price target. Mobile ad RPM and subscription revenue growth are accelerating, Goldman said. Xcel Energy ( XEL) was initiated with a neutral rating at UBS. $30 price target. Growth opportunities are slowing, UBS said.
Applied Materials ( AMAT) estimates were cut at UBS through 2014. Company is facing gross margins headwinds, UBS said. Neutral rating and $15 price target. Aspen Technology ( AZPN) numbers were raised at Benchmark. Shares are now seen reaching $38. Estimates were also increased, as the company has a lot of earnings momentum, Benchmark said. Buy rating. Dick's Sporting Goods ( DKS) estimates were lowered at J.P. Morgan. Estimates were lowered through 2013. Expecting the third consecutive quarter of lower-than-forecasted same store sales growth, J.P. Morgan said. $60 price target and overweight rating.
Wal-Mart ( WMT) estimates, price target were reduced at UBS through 2015. Estimates were cut through 2015. Company is seeing weaker grocery sales, UBS said. Buy rating and new $88 price target. Wal-Mart numbers were cut at Jefferies. Shares are now seen reaching $86. Estimates were also lowered on weak quarterly results, Jefferies said. Buy rating. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.