Analysts' Actions: Chevron, Domino's Pizza, Target, U.S. Steel

NEW YORK (TheStreet) -- RATINGS CHANGES

American Electric (AEP) was downgraded to equal weight at Morgan Stanley. $52 12-month price target. This was a valuation call, as the stock has outperformed over the past year, Morgan Stanley said.

Arthur J Gallagher (AJG) was upgraded to buy from hold at Deutsche Bank. $53 12-month price target. The company is leveraged to an inflection in the pricing cycle, Deutsche Bank said.

Armstrong World (AWI) was upgraded to neutral from underweight at JP Morgan. The stock has lagged its peers year-to-date, but activist presence should place a floor on valuation, JP Morgan said.

Chevron (CVX) was downgraded to equal weight from overweight at Morgan Stanley. $140 12-month price target. Expect that production will be flat in 2015, Morgan Stanley said.

TheSteet's Susannah Lee has Monday's Analysts' Actions:


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Domino's Pizza (DPZ) was upgraded to buy from hold at Miller Tabak. $81 12-month price target. The company is raising prices and focusing on convenience and product quality, Miller Tabak said.

Expedia (EXPE) was upgraded to buy at TheStreet Ratings.

Halcon (HK) was downgraded to underweight at Morgan Stanley. This was a valuation call, as the stock has outperformed by 40% year-to-date, Morgan Stanley said. $4 12-month price target.

Oil States (OIS) was upgraded to outperform from neutral at Credit Suisse. $72 12-month price target. Spin has created a good company with a solid management team, Credit Suisse said.

Occidental Petroleum (OXY) was upgraded to overweight from equal weight at Morgan Stanley. $120 12-month price target. The stock has lagged, but management will be buying back more shares, Morgan Stanley said.

Pacific Ethanol (PEIX) was upgraded to buy at TheStreet Ratings.

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