RATINGS CHANGES

TD Ameritrade (AMTD - Get Report) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $29 price target. Earnings estimates were also cut, given weaker trading trends, analysts said. 

Dow Chemical (DOW) was downgraded to neutral from overweight at JPMorgan. $50 price target. The global economy is likely to contract in the coming quarters, JPMorgan said. 

L Brands (LB - Get Report) was downgraded to underperform from buy at Bank of America/Merrill Lynch. $57 price target. Earnings estimates were also cut, given exposure to the U.K.

Magna (MGA - Get Report) was downgraded to market perform from outperform at BMO Capital. $36 price target. U.S. vehicle demand will likely remain rangebound for the next few years, BMO said. 

Penske Automotive (PAG - Get Report) was downgraded to sector weight at Keybanc. Earnings estimates were also cut, as about 35% of the company's revenue is exposed to the U.K.

Trimble (TRMB - Get Report) was downgraded to neutral from overweight at JPMorgan. $27 price target. Earnings estimates were also cut, given the company's leverage to slower expected growth in Europe, JPMorgan said. 

Travelers (TRV - Get Report) was upgraded to buy from neutral at Bank of America/Merrill Lynch. The valuation is more attractive, based on a $127 price target, analysts said. 

Wabco (WBC - Get Report) was downgraded to neutral from overweight at Piper Jaffray. $94 price target. The company has 55% of its revenue exposed to Europe, Piper Jaffray said. 

This article was written by a staff member of TheStreet.