NEW YORK (TheStreet) -- RATINGS CHANGES
Allergan (AGN) was downgraded at UBS to neutral from buy. Valuation call with Valeant offer pending, UBS said. Twelve-month price target is $180.
Chevron (CVX) was downgraded at Argus to hold from buy. Valuation call, as the stock is up 16% over the past three months, Argus said.
Quest Diagnostics (DGX) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Twelve-month price target is $58. Had positive meetings with management and the worst appears to be behind the company, Bank of America/Merrill said.(DUK) was downgraded at Barclays to equal weight from overweight. Driven by macro and operational factors, Barclays said. Twelve-month price target is $77. Electronic Arts (EA) was upgraded to buy at TheStreet Ratings. Extra Space Storage (EXR) was downgraded at Jefferies to hold from buy. Reaching inflection point and growth set to slow, Jefferies said. Twelve-month price target is $53. (FDX) was downgraded at Barclays to equal weight from overweight. Stagnant profitability and execution focused on near-term growth at expense of capital returns, Barclays said. Twelve-month price target is $140. Flextronics (FLEX) was upgraded at Argus to buy from hold. Company can post sustained sales growth, Argus said. Gulfport (GPOR) was downgraded at Wells Fargo to market perform from outperform. Company cut its production guidance by 30%, Wells Fargo said. Gulfport (GPOR) was downgraded at Stifel Nicolaus to hold from buy. Valuation call, based on a 12-month price target of $70. KB Home (KBH) was upgraded at UBS to neutral from sell. Valuation accurately reflects fundamentals, UBS said. Twelve-month price target is $15. Mondelez (MDLZ) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $42. Coffee business should create shareholder value, Credit Suisse said. Merck (MRK) was downgraded at BMO Capital to market perform from outperform. Twelve-month price target is $60. Company lacks near-term catalysts, BMO Capital said. OGE Energy (OGE) was upgraded at Jefferies to buy from hold. Valuation call with 12-month price target of $41, Jefferies said. Oneok (OKE) was downgraded at BMO Capital to market perform. Valuation call, as the stock is up 54% over the past year, BMO Capital said. Twelve-month price target is $66.
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