NEW YORK (TheStreet) -- RATINGS CHANGES
American International Group (AIG) was downgraded to hold from buy by Deutsche Bank, which cited valuation, based on a 12-month price target of $64.
Avalanche (AAVL) was downgraded to market perform by William Blair, which set a 12-month price target of $24, saying the company had lower secondary efficacy with its Phase II-a trial.
Corning (GLW) was upgraded to outperform by RBC Capital, which set a 12-month price target of $26, saying the company is leveraged to the upcoming 4K television upgrade cycle.
Laboratory Corp. (LH) was started at overweight by Keybanc, which set a 12-month price target of $143, saying the company is attractively valued, relative to its accelerating growth.
Methode Electronics (MEI) was downgraded to neutral from outperform by Robert Baird, which said the stock has performed well, but to expect growth to decelerate in the coming quarters.