Analysts' Actions -- AthenaHealth, Chesapeake Energy, Urban Outfitters, William-Sonoma
CHANGE IN RATINGS
Airgas (ARG) was downgraded from Overweight to Sector Weight at Keybanc. Stock has been strong, but the industrials are facing growth challenges.
AthenaHealth (ATHN) - Get Report was downgraded to Underweight at Barclays. $110 price target. Company's growth rate is likely unsustainable.
Chesapeake Energy (CHK) - Get Report was downgraded from Buy to Neutral at Sterne Agee CRT. Company is leveraged to lower gas prices.
Cooper (COO) - Get Report was downgraded from Outperform to Market Perform at Wells Fargo. Company has made some missteps and is facing currency pressure.
Fitbit (FIT) - Get Report was upgraded to Buy at Bank of America/Merrill Lynch. The company's platform play is beginning to pick up steam. $36 price target.
Five Below (FIVE) - Get Report was downgraded from Buy to Neutral at Sterne Agee. $30 price target. Company is seeing lower traffic and is not positioned well for the holiday season.
Hess (HES) - Get Report was downgraded from Outperform to Perform at Oppenheimer. Company will likely continue to spend more than it's earning.
Polaris (PII) - Get Report was downgraded to Neutral at Wedbush. $117 price target. Company is seeing lower sales demand.
Southwestern Energy (SWN) - Get Report downgraded from Neutral to Underperform at Sterne Agee CRT. $8 price target. Estimates also cut, given lower natural gas prices.
Urban Outfitters (URBN) - Get Report downgraded to Hold at Cantor Fitzgerald. $22 price target. Sales trends are worsening.
Urban Outfitters was downgraded to Sector Perform at RBC Capital. $23 price target. Company lacks sales and earnings visibility.
STOCK COMMENTS / EPS CHANGES
Darden (DRI) - Get Report estimates, target cut at BTIG. Shares now seen reaching $70. Estimates also reduced, given the real estate separation. Buy rating.
William-Sonoma (WSM) - Get Report numbers reduced at Wedbush. Shares of WSM now seen reaching $70. Estimates also cut, given higher promotional activity. Outperform rating.