Analysts' Actions -- Best Buy, GM, Square, Valeant and More

RATINGS CHANGES

Best Buy (BBY) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: BBY.

Dillard's (DDS) was downgraded to sell from hold at Deutsche Bank. The valuation is not as attractive following the stock's 30% year-to-date rally, Deutsche said. 

Graco (GGC) was upgraded to sector perform at RBC Capital. $81 price target. The company's earnings are proving to be more resilient, RBC said. 

General Motors (GM) was downgraded to hold from buy at Argus. U.S. auto sales appear to be near peak levels, Argus said. 

KBR (KBR) was upgraded to neutral at Citigroup. $15 price target. The valuation is more attractive now that the stock has fallen 20%, Citigroup said. 

Nucor (NUE) was downgraded to sector weight from overweight at Keybanc. Earnings estimates were also cut, given the company's new guidance, Keybanc said. 

R.R. Donnelley & Sons (RRD) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: RRD.

Square (SQ) was initiated with a sector weight rating at Pacific Crest. Investors have high expectations and analysts see fair value around $10 to $11, Pac Crest said. 

EW Scripps (SSP) was downgraded to market perform from outperform at Wells Fargo. Earnings estimates were also cut, given the company's new guidance, Wells said. 

Tri Pointe (TPH) was upgraded to outperform from market perform at JMP Securities. $12.50 price target. The company has strong earnings momentum, JMP said. 

Valeant Pharmaceuticals (VRX) was downgraded to hold from buy at TD Securities. $110 price target. The company has withdrawn its 2016 earnings guidance, TD said.

Western Gas Partners (WES) was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: WES.

This article was written by a staff member of TheStreet.

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