NEW YORK ( TheStreet) -- CHANGE IN RATINGS
American Eagle ( AEO) was upgraded at B. Riley to buy from neutral. $20 price target. Company is facing easier comps into 2014, B. Riley said.
Chegg ( CHGG) was initiated at Jefferies with a buy rating. Well-positioned in rapidly evolving education products and services space, Jefferies said. $14 price target.
Cabot Oil & Gas ( COG) was upgraded at Deutsche Bank to buy from hold. $43 price target. Company is a strong operator and can deliver robust growth, Deutsche Bank said.
Dean Foods ( DF) was downgraded at Morgan Stanley to equal-weight. $20 price target. Softer volumes, elevated milk prices and rising costs could hurt the 2014 outlook, Morgan Stanley said.
Eros International ( EROS) was initiated at Jefferies with a buy rating. Multiple growth opportunities within India and globally, Jefferies said. $14 price target.
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Memorial Production Partners ( MEMP) was initiated at UBS with a buy rating. Provides attractive yields (11%) with limited risk profile, UBS said. $25 price target.
Noble Energy ( NBL) was downgraded at Deutsche Bank to hold from buy. $75 price target. Sector will likely remain out of favor, as commodity pricing may not be sustainable, Deutsche said.
[Read: Sysco Surges on $3.5B U.S. Foods Acquisition From KKR, CDR ]
Polyone ( POL) was upgraded at Wells Fargo to outperform. See earnings upside potential from merger synergies, Wells Fargo said.
Ply Gem (PGEM) was downgraded at Goldman Sachs to neutral from buy. $19 price target. Company is leveraged to a potential slowdown in residential construction, Goldman Sachs said.
Phillips 66 (PSX) was upgraded at Deutsche Bank to buy from hold. $80 price target. Refining industry fundamentals continue to improve, Deutsche Bank said.