RATINGS CHANGES

American Eagle (AEO - Get Report) was upgraded to outperform at BMO Capital. $21 price target. The stock has pulled back, but the company has a solid outlook for the next couple of quarters, BMO said. 

Cadence Design (CDNS - Get Report) was upgraded to buy from neutral at DA Davidson. $30 price target. Investor interest and cash flow are both improving, Davidson said. 

CVR Refining (CVRR) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: CVRR.

Fifth Third (FITB - Get Report) was downgraded to reduce from neutral at Nomura Securities. Disappointing loan growth and reinvestment risk could drive lower earnings, Nomura said. 

Mattel (MAT - Get Report) was upgraded to buy from neutral at MKM Partners. $36 price target. Turnaround efforts are progressing, MKM said. 

Mentor Graphics (MENT) was upgraded to buy at DA Davidson. $32 price target. Industry fundamentals are solid and an activist investor can unlock value, Davidson said. 

Netflix (NFLX - Get Report) was initiated with a sell rating at Deutsche Bank. The valuation isn't attractive, based on a $90 price target, Deutsche said. 

PNC Financial (PNC - Get Report) was downgraded to neutral from buy at Nomura. The valuation is less attractive, as the stock has outperform relative to M&T Bank in the past few months, Nomura said. 

Tesaro (TSRO) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $123 price target. See higher chance of approval and penetration for niraparib, analysts said. 

Titan Pharmaceuticals (TTNP - Get Report) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: TTNP.

Zions (ZION - Get Report) was downgraded to neutral from overweight at Piper Jaffray. $32 price target. The valuation is less attractive, as the stock trade at a 10% premium to its peers, Piper said. 

This article was written by a staff member of TheStreet.