NEW YORK (TheStreet) -- RATINGS CHANGES
American Eagle Outfitters (AEO - Get Report) was downgraded to equal weight from overweight at Barclays. The 12-month price target was lowered to $11 from $15, as the U.S. Retail Softline group changed to a negative outlook from positive, Barclays said. American Eagle is trading at a much richer valuation than other specialty retailers, making downside risk heightened.
Agios Pharmaceuticals (AGIO - Get Report) was downgraded to neutral from buy at Goldman Sachs. Shares have reached the 12-month price target and the market is adequately capturing the potential opportunities given the company's stage of development, said Goldman. The pipeline remains promising.
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Abercrombie & Fitch (ANF - Get Report) was downgraded to perform from outperform at Oppenheimer. The price target was lowered to $30 from $50 on lack of visibility regarding brand turnaround and mounting uncertainty around international sales, said Oppenheimer. These issues make near-term projections less clear.
Boulder Brands (BDBD) was upgraded to overweight from neutral at Piper Jaffray. Potentially lower commodity costs and reduced expectations have created an attractive risk/reward situation at current levels, said Piper Jaffray.
Dominion Midstream Partners (DM) was initiated at Goldman Sachs with a neutral rating. The company should see strong distribution growth, said Goldman. However, that growth is largely priced in to current valuation.
Eaton Vance (EV - Get Report) was downgraded to underweight from neutral at J.P. Morgan. A surge in share price following the announcement of SEC exemptive relief implies optimistic expectations for new exchange-traded managed funds, said J.P. Morgan.
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