NEW YORK (TheStreet) -- RATINGS CHANGES
Brown-Forman (BFB) was downgraded at Deutsche Bank to hold. Valuation call, based on a 12-month price target of $99.
CenturyLink (CTL) was upgraded to buy at TheStreet Ratings.
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Omnicom (OMC) was initiated with a neutral rating at Nomura. Valuation call, based on a 12-month price target of $77.
FreightCar America (RAIL) was upgraded to buy at TheStreet Ratings.
WEX (WEX) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a 12-month price target of $124.
Williams-Sonoma (WSM) was downgraded at Morgan Stanley to equal-weight. Operating momentum is slowing, Morgan Stanley said. Twelve-month price target is $74.
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TheStreet Ratings team rates OMNICOM GROUP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate OMNICOM GROUP (OMC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."