NEW YORK (TheStreet) -- RATINGS CHANGES
Alcoa (AA) was initiated with an outperform rating at Wells Fargo. Midstream and downstream operations can continue to drive growth, Wells Fargo said.
Archer-Daniels-Midland (ADM) was downgraded at Miller Tabak to hold from buy. Twelve-month price target is $53. Company lacks near-term catalysts to boost core growth, Miller Tabak said.
Blackrock (BLK) was initiated at Barclays with an equal weight rating. Company has best-in-class exposure to larger market opportunities, but current multiple puts it at high end of valuation range, Barclays said.
BOK Financial (BOKF) was upgraded to buy from neutral at Sterne Agee. Twelve-month price target is $71. Company should see higher credit quality and lending growth in the coming quarters, Sterne Agee said.
Energy Transfer (ETP) was upgraded at Robert Baird to outperform from neutral. Twelve-month price target was raised to $77 from $65. Fourth-quarter and 2015 estimates were raised on progress made over last two years, Robert Baird said.
Gentex (GNTX) was upgraded at Keybanc to buy. Twelve-month price target is $43. Estimates were also increased, as the company can deliver double-digit annual earnings growth, Keybanc said.
Hain Celestial (HAIN) was initiated with a perform rating at Oppenheimer. Valuation call, based on a 12-month price target of $120, Oppenheimer said.
Procter & Gamble ( PG) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $105. Estimates were also increased, as the company is improving operating efficiency in the face of currency and commodity headwinds, Credit Suisse said.