NEW YORK (TheStreet) -- RATINGS CHANGES

Ally Financial (ALLY) was initiated with an outperform rating at Wells Fargo. Company has competitive advantages and can generate solid returns, Wells Fargo said.

Actuant (ATU) was downgraded at FBR Capital Markets to market perform from outperform. Twelve-month price target is $35. Expect to see ongoing choppiness in end-market demand, FBR Capital Markets said.

DSW (DSW) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: DSW Ratings Report

GrafTech International (GTI) was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: GTI Ratings Report

Harley-Davidson (HOG - Get Report) was initiated with a hold rating at Wunderlich. Twelve-month price target is $57. Company is facing increased competition, Wunderlich said.

Altria (MO - Get Report) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Estimates were also increased. Twelve-month price target is $50.

Nike (NKE - Get Report) was upgraded at Janney to buy from neutral. Twelve-month price target is $93. Sales growth is accelerating and the company continues to generate strong cash flow, Janney said.

Northrop Grumman (NOC) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $145. Defense budget stability may be on the horizon, Deutsche Bank said.

Packaging Corp. (PKG - Get Report) was upgraded at DA Davidson to buy. Twelve-month price target is $75. Pullback has created a compelling entry point, DA Davidson said.

Textron (TXT - Get Report) was upgraded at Stifel Nicolaus to buy from hold. Twelve-month price target is $44. New products should drive near-term growth, Stifel Nicolaus said.

Wabco (WBC) was upgraded at Stifel Nicolaus to buy from hold. Twelve-month price target is $111. Challenges in Europe and emerging markets have created a buying opportunity, Stifel Nicolaus said.

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This article was written by a staff member of TheStreet.