Facebook was upgraded at BMO Capital to outperform from market perform. $33 price target. Estimates were also boosted, given an expected upgraded video ad offering, BMO Capital said. First Solar (FSLR) was upgraded at Goldman Sachs to buy from neutral. $64 price target. Earnings visibility is improving, Goldman Sachs said. Ironwood (IRWD) was upgraded at Wedbush to neutral from underperform. $12 price target. Linzess prescriptions are growing, Wedbush said. Lockheed Martin (LMT) was upgraded at Goldman Sachs to buy. The stock was also placed on the Conviction List, given improving industry fundamentals, Goldman said. $127 price target.
Northrop Grumman (NOC) was upgraded at Goldman Sachs to buy. Expect upside to consensus expectations, Goldman said. $95 price target. Pinnacle Entertainment (PNK) was downgraded at Nomura to neutral. Valuation call, based on a $21 price target, Nomura said. Qlik Technologies (QLIK - Get Report) was downgraded at Drexel Hamilton to hold from buy. Valuation call, as the stock exceeded the $30 price target, Drexel Hamilton said. Republic Services (RSG) was upgraded at Wedbush to outperform from neutral. $40 price target. Cyclical catalyst should drive margin expansion, Wedbush said. Raytheon (RTN) was upgraded at Goldman Sachs to neutral. Cash metrics are solid, Goldman said. $70 price target.
Sunpower (SPWR) was upgraded at Goldman Sachs to neutral from sell. Valuation call, based on an $18 price target, Goldman said. AT&T (T - Get Report) was initiated with a market perform rating at BMO Capital. $34 price target. Company is facing increased competition, BMO Capital said.