Analysts Actions: BBT C JCI SONC T

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.

[Read: 2013 Tech Predictions: Chris Ciaccia Looks Back]

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.

[Read: 3 Stocks Under $10 in Breakout Territory]

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.

[Read: Is College Worth the Money?]

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.

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This article was written by a staff member of TheStreet.

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