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Analysts' Actions: RHT, ADTN, CVX, DAL, DIS

RHT ChartRHT data by YCharts

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Archer-Daniels-Midland (ADM) downgraded at Morgan Stanley from Overweight to Equal-weight, Morgan Stanley said. Crop situation could worsen from consensus expectations.

Adtran (ADTN) downgraded at Mizuho from Neutral to Underperform, Mizuho said. $20 price target. Service providers are shifting capex spending away from wireline.

Adtran downgraded at Stifel from Buy to Hold, Stifel Nicolaus said. Guidance is shy of expectations.

BroadSoft (BSFT) downgraded to sell at TheStreet Ratings.

Sierra Bancorp (BSRR) upgraded to buy at TheStreet Ratings.

Chevron (CVX) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. $120 price target. Risk/reward is improving at current levels.

Delta Air Lines (DAL) rated new Sell at Goldman. $9.30 price target. Legacy carriers are more vulnerable to earnings pressure.

Walt Disney (DIS) upgraded at Wells from Market Perform with Outperform, Wells Fargo said. Company is firing on all cylinders and can generate solid free cash flow growth.

El Paso Electric (EE) downgraded at Jefferies to Hold from Buy, Jefferies said. $34.50 price target. Lower rate base.

Family Dollar (FDO) downgraded at BofA/Merrill from Neutral to Underperform, Bank of America/Merrill Lynch said. $60 price target. Estimates also cut, given lower expected margins.

Merck (MRK) upgraded at Citigroup to Buy from Neutral, Citigroup said. $50 price target. Troika of new products.

ONEOK (OKE) upgraded at BMO to Outperform from Market Perform, BMO Capital Markets said. $51 price target. Incrementally more positive on NGL prices.

Perrigo (PRGO) downgraded at Canaccord from Buy to Hold, Canaccord Genuity said. Valuation call, based on a $125 price target.

Red Hat (RHT) downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. Waiting for new product strategy.

Smithfield Foods (SFD) downgraded at BofA/Merrill from Buy to Underperform, Bank of America/Merrill Lynch said. $19 price target. Strong dollar and rising feed costs will cut into earnings.

Supervalu (SVU) upgraded at UBS to Neutral from Sell, UBS said. $4 price target. Covenant risk is removed.

Supervalu downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Save-a-Lot brand proving to be not worth as much as expected.

Trinity Industries (TRN) rated new Buy at Stifel. $31 price target. Valuation call, following the recent price correction.

Stock quotes in this article: RHT, OKE, ADM, CVX, DAL, DIS, EE, FDO 

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