Analysts' Actions -- Alibaba, Diamond Offshore, Lennar, Philip Morris and More

NEW YORK (TheStreet) -- RATINGS CHANGES

Aerie Pharmaceuticals (AERI) was upgraded at Cantor Fitzgerald to buy from hold. Twelve-month price target is $15. On the first-quarter earnings call, AERI delineated a path forward for Rhopressa, its first glaucoma drug candidate, which missed a Phase III primary endpoint in April, and pointed to another (approved) glaucoma drug where primary endpoints were altered, Cantor Fitzgerald said.

Alibaba (BABA) was upgraded at Goldman Sachs to buy from neutral. Twelve-month price target is $98. Stock has lagged, but visibility is improving, Goldman Sachs said.

Choice Hotels (CHH) was upgraded at Bank of America/Merrill Lynch to buy from underperform. Twelve-month price target is $65. Low-price chain should outperform toward the end of the cycle, Bank of America/Merrill Lynch said.

Chesapeake Energy (CHK) was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: CHK Ratings Report.

Consolidated Communications (CNSL) was upgraded at Drexel Hamilton to buy from hold. Twelve-month price target is $24. Stock has pulled back to an attractive yield, given the solid payout, Drexel Hamilton said.

Diamond Offshore (DO) was downgraded at FBR Capital Markets to market perform. Twelve-month price target is $24. Estimates were also cut, given continued weakness in the offshore market, FBR Capital Markets said.

Globe Specialty Metals (GSM) was upgraded at J.P. Morgan to overweight from neutral. Twelve-month price target is $25. Upgrade reflects the increasing benefits associated with its pending merger with FerroAtlantica, J.P. Morgan said. GSM increased the expected operating cost and working capital synergies associated with the transaction, and J.P. Morgan said its analysts think the numbers could ultimately prove to be conservative.

Lennar (LEN) was upgraded at Barclays to overweight from equal weight. Twelve-month price target is $53. Barclays said it's upgrading the shares because Lennar's FivePoint subsidiary is currently undervalued by Wall Street. Barclays also said its bullish view of LEN is company-specific, against the backdrop of a neutral rating on the homebuilding industry.

Marathon Oil (MRO) was upgraded at Wells Fargo to outperform from market perform. Estimates were also increased, as the company is keeping a tight lid on costs, Wells Fargo said.

Monster (MNST) was downgraded at Goldman Sachs to neutral from buy. Company was also cut from the Conviction List. Valuation call, based on a $150 price target, Goldman said.

Nvidia (NVDA) was downgraded at Roth to neutral from buy. Twelve-month price target is $22. Company is facing weak PC demand and currency issues, Roth said.

Philip Morris (PM) was upgraded at Goldman Sachs to neutral from sell. Twelve-month price target is $87. Underlying business trends are improving, Goldman Sachs said.

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

Treehouse (THS) was downgraded at Bank of America/Merill Lynch to neutral from buy. Twelve-month price target is $77. Company is seeing decelerating growth, Bank of America/Merrill Lynch said.

Whirlpool (WHR) was initiated with an outperform rating at RBC Capital. Twelve-month price target is $210. Demand is improving and the company can double free cash flow in the coming years, RBC Capital said.

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This article was written by a staff member of TheStreet.

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