NEW YORK (TheStreet) -- RATINGS CHANGES

Abercrombie & Fitch (ANF) was initiated with an underperform rating at RBC Capital. Twelve-month price target is $17. Company has sizeable sales growth headwinds, RBC Capital said.

Berry Plastics (BERY) was downgraded at BMO Capital Markets to market perform from outperform. Twelve-month price target is $37. Downgrading on continued weak demand and stabilizing input costs, BMO Capital Markets said.

Conmed (CNMD) was initiated with a buy rating at Deutsche Bank. Twelve-month price target is $63. Catalysts for corporate change in the form of investor activism that prompted a change in the chairman, the board, CEO, and several other executives are positive for shareholders, Deutsche Bank said. Strategic focus is now more on commercial execution, which in turn should improve the underlying fundamentals, Deutsche Bank also said.

Gap (GPS) was initiated with a sector perform rating at RBC Capital. Twelve-month price target is $45. Company has limited earnings upside potential, RBC Capital said.

Genuine Parts (GPC) was upgraded at Sterne Agee CRT to buy from neutral. Twelve-month price target is $108. Stock is down 15% and at an attractive entry point, Sterne Agee CRT said.

Kenon Holdings (KEN) was initiated with a hold rating at Deutsche Bank. Twelve-month price target is $24. The bulk of the value resides in IC Power, and Deutsche Bank's analysts like KEN's two major contracted growth projects, CdÁ and Samay, Deutsche Bank said. However, analysts remain on the sidelines with KEN as continued investment into Qoros, a high-risk/high-reward business, chips away at near-term value and cash flow, Deutsche Bank also said.

Kennametal (KMT) was upgraded at Jefferies to buy from hold. Twelve-month price target is $45. KMT is one of the few companies in Jefferies' coverage with a significant self-help opportunity despite softer end markets and currency headwinds, Jefferies said.

LinkedIn (LNKD) was upgraded at Argus to buy from hold. Valuation call, based on a 12-month price target of $280, Argus said.

Lululemon (LULU) was initiated with an outperform rating at RBC Capital. Twelve-month price target is $77. Company can deliver growth both in the U.S. and abroad, RBC Capital said.

Madison Square Garden (MSG) was upgraded at Stifel to buy from hold. Twelve-month price target is $100. Spinoff should help create shareholder value, Stifel said.

Monotype (TYPE) was downgraded at J.P. Morgan to underweight from neutral. Twelve-month price target is $29. OEM business is declining faster than expected, J.P. Morgan said.

PerkinElmer (PKI) was downgraded at Keybanc to sector weight from overweight. Valuation call, as the stock exceeded the previous 12-month price target of $52, Keybanc said.

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