NEW YORK ( TheStreet) -- RATINGS CHANGES
Citigroup (C) was downgraded to hold from buy by Deutsche Bank, which set a $56 price target. Deutsche said the downgrade is a valuation call, as the stock is up 21% since January.
Comerica (CMA) was upgraded to buy by Bank of America/Merrill Lynch, which set a $60 price target, saying that Comerica is leveraged to higher interest rates and should benefit from M&A activity.
Electronic Arts (EA) was upgraded to buy from hold by Jefferies, which set a $80 price target. EA looks well positioned against two multiyear tailwinds: faster-than-expected console sales and the transition to higher-margin digital revenue, Jefferies said.
Ford Motor (F) was upgraded to buy from neutral by Goldman Sachs, which set a $19 price target, saying Ford is seeing strong truck pricing and has limited exposure to China.
General Motors (GM) was downgraded to neutral from buy by Goldman Sachs, which set a $40 price target, saying truck pricing is soft and GM is leveraged to weakness in China.
Goldman Sachs (GS) was downgraded to hold from buy and given a $205 price target by Deutsche Bank, which cited valuation, as the stock is up 30% over the past year.
Take-Two Interactive Software (TTWO) was upgraded to buy from hold by Jefferies, which set a $35 price target, saying that analysts are more optimistic around the entire group. Over the next few years, Jefferies thinks the company has the opportunity to sell more games into an ever increasing console install base, which should grow about 69% year over year to 48 to 49 million units by December 2015. Combined with favorable digital revenue tailwinds, Jefferies said it expects continued margin expansion over time.