Analysts Actions: COG DF MEMP PSX VLO

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.

[Read: McDonald's U.S. Same-Store Sales Fall in November]

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.


Valero (VLO) was upgraded at Deutsche Bank to buy from hold. $55 price target. Refining market has developed faster than expected, Deutsche said.

[Read: Breaking the Bank on Student Loans]

Stock Comments / EPS Changes

American Eagle price target, EPS were lowered at UBS. The company decreased its own numbers, UBS said. Low visibility on product and promo changes, UBS said. $16 price target and neutral rating.

AutoZone (AZO) price target was increased at UBS. Shares of AZO reached $470, UBS said. Valuation call and neutral rating, UBS said.

Big Lots (BIG) numbers were cut at Benchmark. Shares are now seen reaching $30. Estimates were also reduced, given the company's lower outlook, Benchmark said. Hold rating.

Gilead (GILD) estimates, price target were raised at Goldman Sachs. Shares are now seen reaching $75. Estimates were also increased, following approval of the Sofo hepatitis drug, Goldman said. Neutral rating.

Illinois Tool Works (ITW) numbers were increased at BMO Capital. Estimates were raised through 2015. Company is expecting higher organic growth in 2014, BMO Capital said. Market-perform rating and new $88 price target.

Illinois Tool Works price target was raised at UBS. ITW lifted its numbers, UBS said. Lower risk premiums and potential for positive outcomes on sale of industrial packaging, UBS said. $81 price target and neutral rating.

Sonoco Products
(SON) price target, EPS were lowered at Jefferies. Tax benefits are decelerating, Jefferies said. $39 price target and hold rating.


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This article was written by a staff member of TheStreet.

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