Analysts' Actions: STI, LULU, PLL, NAV, HAL

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Air Products (APD) downgraded at Baird from Outperform to Neutral, Robert Baird said. $95 price target. End-market exposure remains challenging and long-term growth targets may need to be lowered.

Bemis (BMS) upgraded at BofA/Merrill from Underperform to Buy, Bank of America/Merrill Lynch said. $36 price target. Macro outlook makes defensive stocks more attractive.

Cypress Semiconductor (CY) rated new Sell at Cantor Fitzgerald. $11 price target. Company trades at a premium to its peers, but faces long-term competitive issues.

Dick's Sporting (DKS) rated new Equal-weight at Morgan Stanley. Valuation call.

Frontier Communications (FTR) upgraded at BofA/Merrill from Underperform to Neutral, Bank of America/Merrill Lynch said. $3.50 price target. Company has softened its leverage outlook, which should help support the dividend.

WW Grainger (GWW) upgraded at UBS to Buy from Neutral, UBS said. $225 price target. Pullback on Amazon anxiety enables entry into high quality growth stock.

Jack in the Box (JACK) upgraded at Jefferies to Buy from Hold, Jeffeies said. $31 price target. Unlocking value and growth.

Kinder-Morgan (KMI) upgraded at Morgan Stanley from Equal-weight to Overweight, Morgan Stanley said. $42 price target. Recent pullback has created a buying opportunity. Company can post double-digit dividend growth and is yielding 4%.

Navistar (NAV) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $35 price target. Company posted a surprise loss and has limited near-term visibility.

Onyx Pharmaceuticals (ONXX) upgraded at BofA/Merrill from Neutral to Buy. $57 price target. More bullish on Krypolis prospects, following ASCO.

Pall (PLL) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. Valuation call, based on a $55 price target.

Praxair (PX) upgraded at Baird from Neutral to Outperform, Robert Baird said. $124 price target. Growth should accelerate in the second half of the year.