Analysts' Actions -- CBS, FedEx, Coca-Cola, P&G and More

RATINGS CHANGES

Agco (AGCO) was downgraded to hold at Jefferies. The valuation is less attractive, based on a $61 price target. 

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

Buffalo Wild Wings (BWLD) was downgraded to market perform at BMO Capital. The valuation is less attractive, based on a $185 price target, BMO said. 

CBS (CBS) was upgraded to outperform from market perform at BMO Capital. $70 price target. Lack of Viacom deal should let management focus on core growth, BMO said. 

Celanese (CE) was upgraded to outperform from sector perform at RBC Capital. The company should benefit from commodity price momentum, RBC said. 

FedEx (FDX) was initiated with an overweight rating at J.P. Morgan. $233 price target. The company is improving its ground network, J.P.Morgan said. 

Jacobs Engineering (JEC) was downgraded to hold from buy at Jefferies. The valuation is less attractive, based on a $64 price target. 

Coca-Cola (KO) was downgraded to hold from buy at Deutsche Bank. The valuation is less attractive, based on a $44 price target, Deutsche said. 

Procter & Gamble (PG) was downgraded to hold at Deutsche Bank. $90 price target. The company lacks near-term catalysts, Deutsche said. 

PPG (PPG) was downgraded to sector perform from outperform at RBC Capital. The company is facing currency and raw materials headwinds, RBC said. 

Viacom (VIAB) was downgraded to underperform at RBC Capital. $30 price target. There is no CBS deal and the company is facing significant earnings pressure, RBC said. 

This article was written by a staff member of TheStreet.

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