In Wednesday's Analysts' Actions, Morgan Stanley gets downgraded, State Street is initiated with a BUY and CarMax's price target is lowered. Morgan Stanley (MS) was downgraded to NEUTRAL from OVERWEIGHT at JPMorgan Chase. The price target of $34 is being kept but JPMorgan says Morgan Stanley's fixed income and commodities unit's returns are still inadequate. Citigroup is now covering State Street (STT) with a BUY rating and the price target set at $90. Citi says the company has potential operating leverage after lagging behind its peers. CarMax (KMX) had its price target lowered at Bank of America by 2 bucks to $65, that's still a potential upside of about 35% from the current price. BofA also reiterated its BUY rating for the stock. The analysts there think consumers are looking more to buy new cars over used cars.