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Analysts' Actions:, Best Buy, Caterpillar, GameStop

Stocks in this article: AMZN


AmerisourceBergen (ABC) was downgraded at FBR Capital Markets to market perform from outperform. Valuation call, as McKesson (MCK) and Cardinal Health (CAH) appear more attractive at current levels, FBR Capital Markets said.

Automatic Data Processing (ADP) was initiated with a sell rating at Topeka. Twelve-month price target is $73. Valuation call, as the company should struggle to meet consensus expectations, Topeka said.

Must Read: Warren Buffett's Top 10 Dividend Stocks (AMZN) was initiated with a buy rating at Nomura. Twelve-month price target is $410. Stock is attractive, following an 18% decline this year, Nomura said.

Best Buy (BBY) was upgraded at Telsey Advisory to outperform from market perform. Twelve-month price target is $45. Company is seeing higher sales, Telsey said.

Caterpillar (CAT) was initiated with a buy rating at Stifel Nicolaus. Twelve-month price target is $122. Company has both cyclical and seasonal drivers that should boost growth, Stifel Nicolaus said.

Cyberonics (CYBX) was downgraded at Sterne Agee to neutral. Domestic sales have stalled and growth headwinds remain, Sterne Agee said.

Devon Energy (DVN) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: DVN Ratings Report.

Dillard's (DDS) was downgraded at Bank of America/Merrill Lynch to neutral from buy. Valuation call, based on a 12-month price target of $125. REIT strategy is unlikely, BofA/Merrill said.

Fiserv (FISV) was downgraded at Barclays to equal-weight from overweight. Company has performed well, but stock is fully valued at current levels, Barclays said.

FMC Tech (FTI) was initiated at Citigroup with a buy rating. Company is most attractive in its group given product exposure, subsea services strategy, improving execution, customer relationships and technology development, Citigroup said. Twelve-month price target is $68.

GameStop (GME) was downgraded at Telsey Advisory to market perform from outperform. Twelve-month price target is $45. New gaming cycle is not driving growth as expected, Telsey said.

Hormel Foods (HRL) was initiated at Deutsche Bank with a hold rating. Company has a strong track record, commitment to innovation, experienced management team and potential for balance sheet optimization, but current valuation is reasonable, thus not providing an ideal entry point, Deutsche Bank said.

Must Read: Delta Order Affirms the Age of the Airbus A350 Is Approaching

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