NEW YORK ( TheStreet) -- CHANGE IN RATINGS Apple ( 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. 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. 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.
Spectrum ( SPB) was initiated with an outperform rating at Oppenheimer. $82 price target. Company is underfolllwed and can ramp free cash flow, Oppenheimer said. SPX Corp ( SPW) was upgraded at J.P. Morgan to overweight from neutral. $89 price target. Sum of parts analysis supports ~60% upside, J.P. Morgan said. Take-Two ( TTWO) was downgraded at Pacific Crest to sector perform. Group could see a correction, after the next console releases, Pacific Crest said.