NEW YORK (TheStreet) -- RATINGS CHANGES

Allete (ALE) 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) 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) merger.

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

CenturyLink (CTL) 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) 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) 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) 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) was upgraded to neutral from sell by Citigroup, which cited valuation, based on a $27 price target.

Netflix (NFLX) 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) 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) 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) 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.

More from Stocks

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever