American Eagle Outfitters (AEO - Get Report) was downgraded to perform from outperform at Oppenheimer. $17 price target. With the stock up 35% over the past year, the valuation no longer looks as attractive, Oppenheimer said.
Lululemon Athletica (LULU - Get Report) was downgraded to market perform from outperform at FBR Capital Markets. $42 price target. The company is seeing higher clearance sales levels, which will likely pressure margins, FBR said.
New York Community Bancorp (NYCB - Get Report) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $18 price target. Growth should accelerate, driven by synergies from the Astoria Financial deal, analysts said.