Analysts' Actions: CHS IBM LUV MS GOOG

NEW YORK (TheStreet) -- RATINGS CHANGES

Basic Energy (BAS) was upgraded at Wunderlich to hold from sell. Twelve-month price target is $27. Cycle seems to be turning in the company's favor, Wunderlich said.

Chico's FAS (CHS) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $19. Company has multiple potential catalysts, FBR Capital Markets said.

Carlisle (CSL) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $90. Recent survey suggests a recovery in the nonresidential construction market could materialize later this year, FBR Capital Markets said.

Catamaran (CTRX) was upgraded at Oppenheimer to outperform from perform. Valuation call, based on a 12-month price target of $50.

Equinix (EQIX) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $210. Valuation call, as the stock is down 12% in recent weeks, Oppenheimer said.

Forum Energy Technologies (FET) was upgraded to buy at TheStreet Ratings.

IBM (IBM) was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $200, Citigroup said.

Ingram Micro (IM) was upgraded at Citigroup to buy from neutral. Twelve-month price target is $35. Company is cutting costs and could exceed consensus earnings expectations, Citigroup said.

Key Energy (KEG) was upgraded at Wunderlich to hold from sell. Twelve-month price target is $9. Headwinds appear to be easing, Wunderlich said.

Southwest Airlines (LUV) was upgraded at Argus to buy from hold. Twelve-month price target is $28. Company is growing revenue and cutting costs, Argus said.

Morgan Stanley (MS) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $35. Risk/reward is attractive following the recent pullback, Bank of America/Merrill said.

NQ Mobile (NQ) was downgraded to sell at TheStreet Ratings.

If you liked this article you might like

Trader's Daily Notebook: The Grind Goes On

Week Ahead: With Trump Out of Washington, the Focus Returns to Fed Forecasts

L Brands, Other Mall Retailer Stocks Rising on March Sales Figures

Activist Investor Marcato Rebukes Buffalo Wild Wings Director Nominations

Analysts' Actions -- Carnival, Kellogg, Wynn Resorts, Progressive and More