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.