NEW YORK (TheStreet) -- RATINGS CHANGESAkamai ( AKAM) was downgraded at Oppenheimer to perform from outperform. Valuation call, as the stock reached the previous 12-month price target of $77, Oppenheimer said.
Ascena Retail Group (ASNA) was upgraded at FBR Capital to outperform from market perform. Twelve-month price target is $20. Ann Taylor (ANN) acquisition makes strategic sense and should be accretive to earnings, FBR Capital said.
Huntington Ingalls (HII) was downgraded at Bank of America/Merrill Lynch to neutral. Valuation call, based on a $135 price target, Bank of America/Merrill Lynch said.
Lumber Liquidators (LL) was downgraded at Cantor Fitzgerald to hold from buy. Twelve-month price target is $26. Near-term view has become much cloudier, as LL faces uncertain outcomes from multiple regulatory and legal issues, Cantor Fitzgerald said. Overall negative PR continues to gain momentum, making it extremely difficult to gauge customers' willingness to shift into other product categories now that the company has discontinued the sale of Chinese laminates, Cantor Fitzgerald said.
Mastercard (MA) was upgraded at Pacific Crest to overweight from sector perform. Twelve-month price target is $110. A more constructive bias on the EU, incremental wins such as Citi (C) and Itau (ITUB), a diminished relative valuation gap and prospects for improving fundamentals prompt an upgrade, Pacific Crest said.
Royal Caribbean (RCL) was upgraded at J.P. Morgan to overweight. Twelve-month price target is $90. Company was also added to the Analyst Focus list. New ships should drive growth in China and the Asia Pacific region, J.P. Morgan said.
Sysco (SYY) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $43. Company is attractively valued and has multiple ways to win, Credit Suisse said.
THL Credit (TCRD) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $14.50. The company has stable returns on equity, with net interest income continuing to cover dividend, Deutsche Bank said. It also has an attractive valuation relative to the price target, Deutsche Bank also said.
Take-Two (TTWO) was upgraded at Sterne Agee to buy from neutral. Twelve-month price target is $32. Guidance appears conservative and the stock is attractively valued, Sterne Agee said.
Urban Outfitters (URBN) was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $34. Growth is decelerating and the company may struggle to achieve margin targets, J.P. Morgan said.
Urban Outfitters was downgraded at Piper Jaffray to neutral from overweight. Twelve-month price target is $36. Company is seeing management transition and could take time to turn the business around, Piper Jaffray said.
Urban Outfitters was downgraded at Oppenheimer to perform from outperform. Twelve-month price target is $35. Company is facing increased competition and likely discounting more, Oppenheimer said.
Xilinx (XLNX) was upgraded at Pacific Crest to overweight from sector weight. Twelve-month price target is $60. The breakdown in Dennard scaling and Dark Silicon is an underappreciated positive for field-programmable gate array makers. Despite XLNX being late to acceleration, there is no reason why it should not benefit from this market opportunity over the longer term, Pacific Crest said.
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