NEW YORK (TheStreet) -- RATINGS CHANGES

Allete (ALE - Get Report) was downgraded to underweight from neutral by J.P Morgan, which set a $47 price target, saying that mining risk remains significant.

AT&T (T - Get Report) was upgraded to buy by Bank of America/Merrill Lynch, which set a $40 price target, saying AT&T should see a more stable wireless climate and benefits from the DirecTV (DTV - Get Report) merger.

Baxter International (BAX - Get Report) was upgraded to buy by TheStreet Ratings. You can view the full analysis from the report here: BAX Ratings Report.

CenturyLink (CTL - Get Report) was downgraded to neutral from overweight by J.P. Morgan, which set a $35 price target, saying the company is facing sales and margin headwinds.

Eli Lilly (LLY - Get Report) was upgraded to buy from neutral by Bank of America/Merrill Lynch, which set a $101 price target, noting that estimates have increased for several pipeline products.

Fitbit (FIT - Get Report) was started at outperform by Leerink Partners, which set a $44 price target, saying the company is leveraged to benefit from powerful secular trends.

Kulicke & Soffa (KLIC - Get Report) was downgraded to hold by TheStreet Ratings. You can view the full analysis from the report here: KLIC Ratings Report.

Laclede (LG) was downgraded to underweight from neutral by J.P. Morgan, which cited valuation, based on a $52 price target.

Marathon Oil (MRO - Get Report) was upgraded to neutral from sell by Citigroup, which cited valuation, based on a $27 price target.

Netflix (NFLX - Get Report) was downgraded to sell from buy by Societe Generale, which set a $585 price target. Netflix is highly sensitive to changes in investor "perceptions," as was dramatically demonstrated this year (+95% YTD), Societe Generale said. Analysts now estimate the current valuation discounts "very rosy" assumptions to 2025: 16.6% revenue CAGR to $29.7 billion, $8.9 billion EBIT (22x the 2014 level) and 140/170 million International subscriber additions, the firm said. Despite a raised target price, analysts consequently believe the shares' risk/reward has considerably deteriorated.

Netflix (NFLX - Get Report) was downgraded to neutral from buy and given a $722 price target by Citigroup, which cited valuation, as the stock is up 99% year-to-date.

Office Depot (ODP - Get Report) was upgraded to outperform from market perform by Telsey Advisory, which set an $11 price target, saying it expects a higher ultimate takeover price from the Staples (SPLS) deal.

Williams (WMB - Get Report) was downgraded from outperform by J.P. Morgan, which cited valuation, based on a $60 price target.

Zimmer (ZMH) was downgraded to hold from buy by Brean Capital, which said the company lacks near-term catalysts.