RATINGS CHANGES

American Airlines ( AAL) was downgraded from overweight to equal weight, said Morgan Stanley. American is among the most leveraged, cyclical names in the group and has weak margins and a high debt profile. It is also facing pricing pressure from rising capacity in key U.S. domestic and Latin American markets and there is little room for valuation expansion. The stock has a price target of $44. 
 
Affiliated Managers ( AMG - Get Report) was upgraded to buy at TheStreet ratings. You can view the full analysis from the report here: AMG
 
L Brands ( LB - Get Report) was downgraded to underweight, KeyBanc said. It has high C-mail exposure and emerging headwinds in both its Victoria's Secret and Bed and Body Works brands. The stock has a $40 price target. 

Shenandoah Telecommunications (SHEN - Get Report) was upgraded to buy at TheStreet ratings. You can view the full analysis from the report here: SHEN

Tandy Leather Factory (TLF - Get Report) was upgraded to buy at TheStreet ratings. You can view the full analysis from the report here: TLF

Urban Outfitters ( URBN - Get Report) was upgraded to overweight, KeyBanc said. The company focuses on non-mail locations and has a highly differentiated product offering, and it has made significant investments to capture e-commerce share. The stock has a $28 price target. 
 

G Willi-Food International (WILC - Get Report) was downgraded to hold at TheStreet ratings. You can view the full analysis from the report here: WILC