RATINGS CHANGES

Ciena (CIEN - Get Report) was downgraded to equal-weight at Morgan Stanley. The valuation is less attractive, based on a $23 price target, Morgan Stanley said. 

Ciena was also downgraded to hold from buy at Drexel Hamilton. The valuation is less attractive, based on a $22 price target, Drexel said. 

Genesco (GCO - Get Report) was downgraded to neutral from outperform at Robert Baird. $53 price target. Journeys comp-store sales have seen a stunning fallout, Baird said. 

Palo Alto Networks (PANW - Get Report) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: PANW.

VeriFone (PAY) was downgraded to neutral from outperform at Wedbush. $20 price target. Myriad headwinds will likely persist, Wedbush said. 

Smith & Wesson (SWHC) was downgraded to hold from buy at Craig Hallum. $33 price target. The industry has likely seen peak demand, Hallum said. 

Zillow (Z - Get Report) was initiated with a hold rating at TheStreet Ratings. You can view the full analysis from the report here: Z.

This article was written by a staff member of TheStreet.