RATINGS CHANGES

Allergan (AGN - Get Report) was upgraded to buy from neutral at Mizuho. $318 price target. Consensus earnings estimates appear more reasonable and the company can deliver margin upside, Mizuho said. 

Emerson Electric  (EMR - Get Report) was downgraded to neutral from outperform at Credit Suisse. $57 price target. The valuation is less attractive, as the company lacks near-term catalysts, Credit Suisse said. 

Hormel (HRL - Get Report) was upgraded to outperform at BMO Capital. $44 price target. Internal growth should accelerate over the next several quarters, BMO said. 

L Brands (LB - Get Report) was upgraded to outperform from perform at Oppenheimer. $90 price target. The company is seeing better sales as it transitions the business, Oppenheimer said. 

Mentor Graphics (MENT) was downgraded to neutral from buy at DA Davidson. The valuation is less attractive, based on a $24 price target, Davidson said. 

NiSource (NI - Get Report) was downgraded to underperform from neutral at Credit Suisse. $25 price target. The valuation is less attractive, as the stock is trading at 22x expected 2017 earnings, Credit Suisse said. 

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

Staples (SPLS) was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: SPLS.

TFS Financial (TFSL - Get Report) was downgraded to neutral from overweight at Piper Jaffray. $19 price target. The valuation is less attractive, as the stock is trading around tangible book value. 

U.S. Steel (X - Get Report) was downgraded to underweight from sector weight at Keybanc. Analysts have a more cautious outlook for the domestic carbon sheet market, Keybanc. 

This article was written by a staff member of TheStreet.