CHANGE IN RATINGS
Agco (AGCO) was downgraded at Goldman Sachs to sell. $53 price target. Estimates were also cut, given lower expected Americas ag equipment spending, Goldman said.
Energizer (ENR) was upgraded at Morgan Stanley to overweight from equal-weight. $117 price target. Company has strong earnings visibility and deserves a higher multiple, Morgan Stanley said.
Hill-Rom (HRC) was downgraded at Morgan Stanley to underweight from equal-weight. $36 price target. Valuation call, as the stock is up 46% year to date, Morgan Stanley said.
LPL Financial (LPL) was upgraded at UBS to neutral from sell. Margin pressure has subsided and underlying growth metrics remain strong, UBS said. Estimates raised with $42 price target.Mueller Water (MWA) was upgraded at Goldman Sachs to neutral from sell. $9 price target. Company is executing better and is leveraged to higher spending, Goldman said.
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