RATINGS CHANGES

Evercore (EVR - Get Report) was downgraded to neutral from buy at Nomura. $85 price target. The valuation is less attractive, as the company lacks near-term catalysts, Nomura said. 

Hasbro (HAS - Get Report) was initiated with a buy rating at Goldman Sachs. $110 price target. Film and TV content can fortify earnings growth, Goldman said. 

J.C. Penney (JCP - Get Report) was upgraded to equal-weight at Morgan Stanley. $7 price target. The stock is down 14% year-to-date, but has potential catalysts ahead, Morgan said. 

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

Reynolds American (RAI) was downgraded to sector perform at RBC Capital. $60 price target. The valuation is less attractive, as the stock has gained 200% over the last five years, RBC said. 

Regeneron (REGN - Get Report) was upgraded to overweight from neutral at Piper Jaffray. $446 price target. New drug approvals should drive growth, Piper said. 

Travelers (TRV - Get Report) was downgraded to market perform from outperform at FBR Capital Markets. $119 price target. The company is facing pricing pressure in the auto segment, FBR said. 

Williams-Sonoma (WSM - Get Report) was downgraded to market perform from outperform at Telsey Advisory. $51 price target. Promotional activity is increasing and it will likely take longer for a turnaround at Pottery Barn, Telsey said. 

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

This article was written by a staff member of TheStreet.