Analysts' Actions: American Express, Dish, Micron, Medtronic

NEW YORK (TheStreet) -- RATINGS CHANGES

Ampco-Pittsburgh (AP) was upgraded to buy at TheStreet Ratings.

American Express (AXP) was initiated with a sector perform rating at Pacific Crest. Company has limited visibility for sales growth, Pacific Crest said.

Broadcom (BRCM) was upgraded to buy at TheStreet Ratings.

Centerpoint (CNP) was upgraded at BMO Capital to outperform. Twelve-month price target is $27. Company offers a solid yield and growth at a reasonable price, BMO Capital said.

Dish Network (DISH) was upgraded at J.P. Morgan to overweight from neutral. Valuation call, based on a $72 price target, J.P. Morgan said.


WATCH: More market update videos on TheStreet TV | More videos from Ruben Ramirez

Envision (EVHC) was upgraded at Goldman Sachs to buy from neutral. Twelve-month price target is $43. Company was also placed on the Conviction List. Outlook is improving and the company trades at a compelling valuation, Goldman said.

Exterran (EXH) was upgraded at Howard Weil to outperform from sector perform. Twelve-month price target is $52. Company is leveraged to a pronounced turn in industry fundamentals, Howard Weil said.

GNC (GNC) was downgraded at Robert Baird to neutral from outperform. Twelve-month price target is $39. CFO unexpectedly resigned, which adds uncertainty to the story, Robert Baird said.

Medtronic (MDT) was upgraded at J.P. Morgan to overweight. Twelve-month price target is $78. Covidien purchase creates immediate shareholder value, J.P. Morgan said.

Micron (MU) was upgraded at Robert Baird to outperform from neutral. Twelve-month price target is $42. DRAM market will likely tighten further in the second half of the year, Robert Baird said.

Progressive (PGR) was upgraded at Deutsche Bank to hold from sell. Twelve-month price target is $24. Estimates were also increased as underwriting expenses have remained lower, Deutsche said.

Rackspace (RAX) was downgraded at DA Davidson to underperform. Valuation call, based on a 12-month price target of $33, DA Davidson said.

Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes" which is available only to Real Money subscribers. To find out how to become a subscriber, please click here.

Follow TheStreet on Twitter and become a fan on Facebook.

Fusion-io Soars Following SanDisk Buyout

3 Big Stocks on Traders' Radar

This article was written by a staff member of TheStreet.

More from Stocks

UAW Officially Files Complaint on Tesla Thanks to CEO Elon Musk

UAW Officially Files Complaint on Tesla Thanks to CEO Elon Musk

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer on Foot Locker's Earnings: Nike Is a Buy

Jim Cramer on Foot Locker's Earnings: Nike Is a Buy