Analysts' Actions: CNP DKS EVR NMBL

NEW YORK (TheStreet) -- RATINGS CHANGES

AIG (AIG) was upgraded at Goldman Sachs to buy. Twelve-month price target is $63. Company is generating a lot of excess capital, which can be used for buybacks or invested back into the business, Goldman said.

Bank of America (BAC) was initiated with a buy rating at MKM Partners. Twelve-month price target is $18. Merrill Lynch is the key driver, MKM Partners said.

Citigroup (C) was initiated with a buy rating at MKM Partners. Twelve-month price target is $56. Company can continue to grow overseas, MKM Partners said.

CST Brands (CST) was initiated with a hold rating at TheStreet Ratings.

Cree (CREE) was downgraded to hold at TheStreet Ratings.

CenterPoint Energy (CNP) was reinitiated at Barclays with an equal-weight rating. Catalysts include underlying demand growth in Texas at the utilities and distribution growth in the Anadarko system, Barclays said. Twelve-month price target is $26.

Dick's Sporting Goods (DKS) was downgraded at Piper Jaffray to neutral from overweight. Twelve-month price target is $48. Company is facing increased competition in hard goods, Piper Jaffray said.

Dick's Sporting Goods was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $49. Company lacks near-term catlaysts, Credit Suisse said.

Dick's Sporting Goods was downgraded at Canaccord Genuity to hold from buy. Twelve-month price target is $49. Golf business will take time to bottom out, Canaccord Genuity said.

Dick's Sporting Goods was upgraded at BMO Capital to market perform from underperform. Valuation call, based on a 12-month price target of $46, BMO Capital said.

Dick's Sporting Goods was downgraded at Goldman Sachs to neutral from buy. Company was also cut from the Conviction List. Margins are likely capped in the near term, Goldman said. Twelve-month price target is $49.

Dick's Sporting Goods was downgraded at J.P. Morgan to neutral. Company is facing growth headwinds, J.P. Morgan said.

Evercore (EVR) was upgraded at JMP Securities to outperform from market perform. Twelve-month price target is $64. Stock is attractive following the recent pullback, JMP said.

JPMorgan Chase (JPM) was initiated with a buy rating at MKM Partners. Twelve-month price target is $65. Company is the strongest in the industry, MKM Partners said.

Nimble Storage (NMBL) was upgraded at Wunderlich to buy from hold. Twelve-month price target is $38. New system architecture has been gaining traction and the company can gain market share, Wunderlich said.

Nuvasive (NUVA) was downgraded at Needham to hold from buy. Revenue growth should slow, which will weigh on margins, Needham said.

OGE Energy (OGE) was reinitiated at Barclays with an overweight rating. Company is well-positioned to see considerable EPS growth from electric utility and recently formed Enable Midstream Partners, Barclays said. Twelve-month price target is $41.

Pegasystems (PEGA) was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $27. Company is growing its business through strategic partnerships, Wedbush said.

Raymond James (RJF) was downgraded at Goldman Sachs to neutral from buy. Twelve-month price target is $54. Company lacks near-term catalysts, Goldman Sachs said.

Ultra Petroleum (UPL) was upgraded at Sterne Agee to buy. Twelve-month price target is $35. Selloff in the shares is unwarranted, Sterne Agee said.

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This article was written by a staff member of TheStreet.

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