RATINGS CHANGES

Analog Devices (ADI - Get Report) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $85 price target. The company is seeing faster organic sales growth, aided by accretion from the Linear deal, analysts said. 

Abercrombie & Fitch (ANF - Get Report) was downgraded to sell from hold at Deutsche Bank. $13 price target. The valuation is less attractive, as the company is trading at a premium to American Eagle, Deutsche said. 

Blackbaud (BLKB - Get Report) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $65 price target. The company is not likely to expand margins in the near term, analysts said. 

CBS (CBS - Get Report) was downgraded to market perform at BMO Capital. $63 price target. The valuation is less attractive, ahead of a potential deal with Viacom, BMO said. 

Cognizant (CTSH - Get Report) was downgraded to market perform from outperform at William Blair. The company is facing sector headwinds and growth will likely continue to decelerate for the next couple of years, William Blair said. 

Twenty-First Century Fox (FOX) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: FOX.

McKesson (MCK - Get Report) was downgraded to underperform from neutral at Credit Suisse. $131 price target. The company is seeing relatively low capital efficiency, Credit Suisse said. 

Tegna (TGNA - Get Report) was downgraded to neutral from overweight at JPMorgan. $23 price target. The valuation is less attractive, with shares up 21% since the election, JPMorgan said. 

This article was written by a staff member of TheStreet.