NEW YORK (TheStreet) -- RATINGS CHANGES
Blue Buffalo (BUFF) was upgraded to overweight from equal-weight at Morgan Stanley. $24 price target. The stock is down 40% from summer highs and not giving the company enough credit for its growth potential, Morgan Stanley said.
Charles River (CRL - Get Report) was upgraded to market perform from underperform at Wells Fargo. Recent checks show that business is stable and the company will continue to benefit from a weaker Canadian dollar, Wells said.
EMC (EMC) was downgraded to hold at Jefferies. This was a valuation call, based on a $29 price target.
Halyard Health (HYH) was downgraded to underweight at Morgan Stanley. $27 price target. The company looks ready for double-digit declines to 2016 consensus estimates, Morgan said.
Ruckus Wireless (RKUS) was downgraded to neutral from overweight at Piper Jaffray. This was a valuation call, based on a $13 price target, Piper said.
Ralph Lauren (RL - Get Report) was initiated with an outperform rating at Telsey Advisory. $142 price target. The company is seeing lower currency pressures and will continue to expand internationally, said Telsey.
Exxon Mobil (XOM - Get Report) was upgraded to overweight from underweight at Barclays. $85 price target. The company has a relatively high dividend yield, which has historically led to outperformance, Barclays said.