Analysts' Actions -- AthenaHealth, Pandora, PayPal, PulteGroup and More
RATINGS CHANGES
Alliance Data (ADS) - Get Report was downgraded to market perform at BMO Capital. The valuation is less attractive, based on a $235 price target, BMO said.
AthenaHealth (ATHN) - Get Report was downgraded to hold from buy at Deutsche Bank. $147 price target. Underlying performance metrics are disturbing, Deutsche said.
Eldorado (EGO) - Get Report was downgraded to neutral from outperform at Credit Suisse. $5.25 price target. The company is facing geopolitical headwinds, Credit Suisse said.
Harman (HAR) was downgraded to sector weight at Pacific Crest. Checks indicate a shift in demand toward low-end products, Pac Crest said.
IMS Health (IMS) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: IMS.
Nielsen (NLSN) - Get Report was downgraded to market perform from outperform at BMO Capital. The valuation is less attractive, based on a $56 price target, BMO said.
Nucor (NUE) - Get Report was downgraded to hold at Berenberg. The valuation is less attractive, based on a $57.50 price target, Berenberg said.
Pandora (P) was downgraded to underweight at Pacific Crest. Core economics have deteriorated, analysts said.
Proofpoint (PFPT) - Get Report was downgraded to sector weight at Pacific Crest. The valuation is less attractive since shares have surpassed the $70 price target.
PulteGroup (PHM) - Get Report was upgraded to overweight from neutral at JPMorgan. $26 price target. The company can delivery above-average earnings growth and expand return on equity, JPMorgan said.
Packaging Corp. (PKG) - Get Report was downgraded to hold from buy at Deutsche Bank. $75 price target. The company lacks near-term catalysts, Deutsche said.
Perrigo (PRGO) - Get Report was upgraded at Deutsche Bank. $115 price target. The valuation is more attractive, with shares down 50% from the 2015 highs, Deutsche said.
PayPal (PYPL) - Get Report was downgraded to market perform at Wells Fargo. Earnings estimates were also cut, as the Visa deal may pressure funding costs and operating margins, Wells said.
Qualcomm (QCOM) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: QCOM.
SVB Financial (SIVB) - Get Report was downgraded to neutral from buy at DA Davidson. $102 price target. The company has an uncertain intermediate-term outlook, Davidson said.
Southwestern Energy (SWN) - Get Report was upgraded to neutral from underweight at JPMorgan. $14 price target. The company is producing more and spending less, JPMorgan said.
This article was written by a staff member of TheStreet.