Analysts' Actions -- Archer Daniels Midland, ON Semiconductor, Sysco, Wendy's and More
RATINGS CHANGES
Archer Daniels Midland (ADM) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: ADM.
Columbia (COLM) - Get Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $52 price target. The analysts have a more cautious view for the industry, BofA/Merrill said.
Brinker (EAT) - Get Report was downgraded to neutral from buy at Goldman Sachs. $51 price target. Analysts see risks to the casual dining market, especially in Texas, said Goldman.
General Dynamics (GD) - Get Report was upgraded to buy from hold at Argus. $160 price target. The stock has pulled back to an attractive level, Argus said.
Newfield (NFX) was downgraded to neutral from buy at Goldman Sachs. This was a valuation call, based on a $41 price target, Goldman said.
ON Semiconductor (ON) - Get Report was upgraded to buy from neutral at Citigroup. $13 price target. Fairchild acquisition can add 32% to earnings, Citi said.
QEP Resources (QEP) - Get Report was upgraded to buy at Goldman Sachs. $19 price target. Improved oil assets should drive strong 2016 growth, said Goldman.
Sysco (SYY) - Get Report was initiated with an outperform rating at Wells Fargo. The company appears to be in the early stages of a multi-year turnaround, said Wells.
Wendy's (WEN) - Get Report was upgraded to buy from neutral at Goldman Sachs. The company also placed on the conviction buy list. $12.50 price target. Estimates were also increased. Company can generate a higher free cash flow yield.
Zayo (ZAYO) - Get Report was initiated with a sell rating at TheStreet Ratings. You can view the full analysis from the report here: ZAYO.
This article was written by a staff member of TheStreet.