NEW YORK ( TheStreet) -- CHANGE IN RATINGSAbbvie (ABBV) was upgraded at Morgan Stanley to overweight from equal-weight. $49 price target. Expect higher Humira sales and the company has a solid pipeline, Morgan Stanley said.
Cabot Oil & Gas (COG - Get Report) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $75 price target, Deutsche said. First Horizon (FHN) was upgraded at Compass Point to neutral from sell. $10 price target. Stock is already pricing in expected net interest margin compression, Compass Point said. General Electric (GE - Get Report) was downgraded at J.P. Morgan to neutral. $22 price target. Company has less visibility and is losing its status as a safety stock, J.P. Morgan said.
Kimberly-Clark (KMB) was downgraded at Bank of America to neutral. Full valuation and outperformance vs. the sector, said Bank of America / Merrill Lynch. MDC (MDC) was upgraded at Credit Suisse to neutral from underperform. Checks show that industry demand remained strong through mid-April, Credit Suisse said. Newmont Mining (NEM - Get Report) was downgraded at Deutsche Bank to sell from hold. $24 price target. Expect a funding gap in the sector, given lower commodity prices, Deutsche Bank said. Netflix (NFLX - Get Report) was upgraded at B. Riley to neutral from sell. $165 price target. Stock has pulled back 17% over the past month, ahead of tonight's quarterly report, B. Riley said. Penn National (PENN) was downgraded at Morgan Stanley to equal-weight Valuation call, as the stock exceeded the previous target, Morgan Stanley said.