RATINGS CHANGES

Abercrombie & Fitch (ANF - Get Report) was downgraded to underperform from sector perform at RBC Capital. $12 price target. The company is seeing lower sales and facing higher international costs, RBC said. 

Burlington Stores (BURL - Get Report) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: BURL.

Foot Locker (FL - Get Report) was downgraded to neutral from overweight at Piper Jaffray. The valuation is less attractive, based on a $72 price target, Piper Jaffray said. 

Fossil (FOSL - Get Report) was upgraded to neutral from underweight at Piper Jaffray. $32 price target. The company is setting up well to turn the business around in the medium term, Piper said. 

Greif (GEF - Get Report) was downgraded to market perform from outperform at Wells Fargo. The valuation is less attractive, with the stock up 81% year-to-date, Wells said. 

Greif was downgraded to underperform from neutral at DA Davidson. The valuation is less attractive, based on a $47 price target, Davidson said. 

Illinois Tool Works (ITW - Get Report) was downgraded to neutral at Goldman Sachs. $125 price target. The valuation is less attractive, with the stock trading at 20x expected 2017 earnings, Goldman said. 

KBR (KBR - Get Report) was upgraded to buy from neutral at MKM Partners. The valuation is more attractive, based on a $21 price target, MKM said. 

Leidos (LDOS - Get Report) was upgraded to outperform from neutral at Credit Suisse. $57 price target. Earnings estimates were also increased, as the IS&GS acquisition should carry significant synergies, Credit Suisse said. 

Lincoln Electric (LECO - Get Report) was downgraded to sector weight from overweight at Keybanc due to valuation. 

Mellanox (MEOH - Get Report) was downgraded to underperform from hold at Jefferies. $37 price target. Earnings estimates were also cut, as the company is facing increased competition, Jefferies said. 

3M (MMM - Get Report) was downgraded to sell at Goldman Sachs. $159 price target. The company is facing growth challenges in electronics and rising commodity costs, Goldman said. 

Walmart (WMT - Get Report) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: WMT.

This article was written by a staff member of TheStreet.