NEW YORK (TheStreet) -- RATINGS CHANGES
Alkermes (ALKS - Get Report) was downgraded at Morgan Stanley to underweight from equal-weight. Twelve-month price target is $61. New products could underperform and the company is facing increased generic competition, Morgan Stanley said.GNC - Get Report) was upgraded at Morgan Stanley to overweight from equal-weight. Twelve-month price target is $56. Stock is down on regulatory risks, but expect no material fallout, Morgan Stanley said.
Meritage Homes (MTH - Get Report) was downgraded at Citigroup to hold from buy. Twelve-month price target is $47. Company has 30% exposure to Texas, which could be hurt by lower energy prices, Citigroup said.
Santander Consumer USA (SC) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $23. Parent company failed CCAR test, Deutsche Bank said.
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