RATINGS CHANGES

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.

AMC Networks (AMCX - Get Report) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: AMCX.

Fitbit (FIT - Get Report) was upgraded to overweight from equal-weight at Barclays. $49 price target. With the stock down 26% over the past month, the valuation looks attractive, Barclays said.

Lockheed Martin (LMT - Get Report) was downgraded to underweight at Barclays. The company's new business segments will likely pressure margins, Barclays 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.

Prestige Brands (PBH - Get Report) was downgraded to underperform from hold at Jefferies. The valuation looks less attractive, based on a $44 price target, Jefferies said.

Paccar (PCAR - Get Report) was downgraded to sector perform at RBC Capital Markets. $57 price target. Expect the domestic Class 8 truck market to be near peak demand, RBC said.

Philip Morris (PM - Get Report) was upgraded to neutral from reduce at Nomura Securities. $88 price target. Industry volume trends are improving, Nomura said.

Raytheon (RTN - Get Report) was downgraded to equal-weight at Barclays. The stock looks attractive based on a $125 price target, Barclays said.

T-Mobile U.S. (TMUS - Get Report) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: TMUS.

 

This article was written by a staff member of TheStreet.