US Top Rating Updates on 8/22: UPS, FL, DOCU, ELV and more

Morgan Stanley upgraded $Foot Locker(FL.US)$ to an Equal-Weight rating after having it slotted at Underweight. Analyst Alex Stratton said newly-announced CEO Mary Dillon is credible and respected. The halo of her potential strategic changes is seen as making it more likely that investors forgive any performance shortfalls by the retailer in the near-term.

$DocuSign(DOCU.US)$ shares dropped on Monday as investment firm RBC Capital Markets downgraded the software company, noting it needs to "build credibility with investors," something that is making it difficult to get behind the company's long-term prospects.

$Coupa Software(COUP.US)$ shares slipped on Monday after investment firm RBC downgraded the business spend software company on worries the company is "disproportionately recession-prone."Analyst Rishi Jaluaria noted that in addition to worries about a recession, the company's financial profile is "unattractive" and has limited success expanding outside of its core market.