NEW YORK (TheStreet) -- CHANGE IN RATINGS
BB&T (BBT) was upgraded at Morgan Stanley to overweight from equal-weight. $40 price target. Valuation call, as the stock has underperformed its peers by 12% this year, Morgan Stanley said.
Citigroup (C) was downgraded at Goldman Sachs to neutral from buy. $60 price target. Risk that shares stay range-bound in 2014 as developed outperform emerging markets, Goldman said.
Delek Logistics (DKL) was initiated with a sell rating at TheStreet Ratings.
Friedman Industries (FRD) was downgraded to hold at TheStreet Ratings.
Flextronics (FLEX) was downgraded at Goldman Sachs to sell from neutral. Have a less positive view on the entire industry, Goldman said. $7 price target.
Johnson Controls (JCI) was upgraded at RBC Capital to outperform from sector perform. $61 price target. Company has an analyst meeting coming up and annual earnings power can reach $5 a share, RBC Capital said.
Masco (MAS) was initiated with a buy rating at MKM Partners. $26 price target. Company should continue to see improvement in volume, pricing and mix, MKM Partners said.
Ross Stores (ROST) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a $75 price target, Credit Suisse said.
Sonic (SONC) was upgraded at William Blair to outperform. Visibility is improving and the company can generate 15% to 20% annual earnings growth, William Blair said.
Suntrust (STI) was downgraded at Morgan Stanley to equal-weight from overweight. $40 price target. Stock is largely pricing in credit and cost improvements, Morgan Stanley said.
AT&T (T) was downgraded at J.P. Morgan to neutral from overweight. $38 price target. Wireless competition increases and international M&A looms, J.P. Morgan said.
Whirlpool (WHR) was initiated with a buy rating at MKM Partners. $183 price target. Company still has upside potential to earnings and valuation, MKM Partners said.
Stock Comments / EPS Changes
Laboratory Corporation of America (LH) price target, EPS were lowered at UBS. Headwinds in pricing and utilization, UBS said. $101 price target and neutral rating.
Reliance Steel & Aluminum (RS) price target, EPS were increased at Jefferies. Driven by higher pricing and improving demand. $74 price target and hold rating, Jefferies said.
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Steel Dynamics (STLD) price target, estimates were increased at Jefferies. Greater demand seen in industry's cyclical recovery, Jefferies said. $20 price target and hold rating.
Worthington Industries (WOR) price target, estimates were increased at Jefferies. Driven by higher pricing and improving demand, Jefferies said. $37 price target and hold rating.