NEW YORK ( TheStreet) -- CHANGE IN RATINGSApple ( AAPL) was downgraded at Bank of America/Merrill Lynch to neutral. $520 price target. iPhone announcements were a disappointment, and the company lacks catalysts, BofA/Merrill said. Apple was downgraded at UBS to neutral from buy. $520 price target. Company lacks strength in key markets, like China, UBS said. Apple was downgraded at Credit Suisse to neutral from outperform. $525 price target. Company is limiting its potential by ignoring the lower end of the market, Credit Suisse said. Apache ( APA) was downgraded at UBS to neutral from buy. Recent run after the announcement of asset sales, said UBS. Price target is $90. Aeropostale ( ARO) was downgraded to sell at TheStreet Ratings. BBCN Bancorp ( BBCN) was upgraded at DA Davidson to buy from neutral. Loan production should remain strong, DA Davidson said.
BlackRock ( BLK) was downgraded at UBS to neutral from buy. Expenses and fees put pressure on margins, said UBS. Price target was reduced to $280. Conagra ( CAG) was upgraded at Goldman Sachs to buy. $42 price target. Fundamentals appear to have bottomed, Goldman said. Cognex ( CGNX) was upgraded at Piper Jaffray to neutral from underweight. $58 price target. Company is seeing secular growth in the logistics market, Piper Jaffray said. Consolidated Edison ( ED) was downgraded at Jefferies to hold from buy. $58 price target. Reduction in retail margins at the company's unregulated business, Jefferies said. Digital Realty Trust ( DLR) was downgraded to hold at TheStreet Ratings. Ingersoll Rand ( IR) was upgraded at J.P. Morgan to overweight from neutral. $72 price target. Offers a combination of leverage to an improving economy and continued productivity improvement, J.P. Morgan said.
Marriott ( MAR) was upgraded at UBS to buy from neutral. Positive North American RevPAR outlook, said UBS. Price target raised to $52. Morgan Stanley ( MS) was upgraded at UBS to buy from neutral. Upgrade reflects transition to a wealth management business, said UBS. Price target raised to $33. Revlon ( REV) was upgraded at BMO Capital to outperform. $31 price target. Colmer purchase should add to earnings and cash flow in 2014, BMO Capital said. Rockwell Automation ( ROK) was downgraded at J.P. Morgan to neutral from overweight. $106 price target. Recent rally now discounts most of the upside potential from a late cycle lift in fundamentals, J.P. Morgan said.