Analysts' Actions -- Chipotle, TripAdvisor, Duke Energy, Men's Wearhouse
Change in Ratings
Chipotle (CMG) - Get Report was downgraded from Outperform to Neutral at Robert Baird. $675 price target. E. coli outbreak is taking longer to resolve.
Duke Energy (DUK) - Get Report was downgraded from Outperform to Market Perform to BMO Capital. $74 price target. International earnings have been cut in half.
Huntington Ingalls (HII) - Get Report was upgraded at Wells Fargo to Outperform. Valuation call, relative to its peers, ahead of next week's investor day.
Men's Wearhouse (MW) was downgraded from Buy to Neutral at Goldman Sachs. $35 price target. Jos A Bank is seeing an accelerated rate of profit decline.
Men's Wearhouse was downgraded to Hold at Jefferies. $32 price target. Estimates also cut, given lower visibility for a turnaround at Jos A Bank.
Nvidia (NVDA) - Get Report was upgraded from Neutral to Buy at MKM Partners. $36 price target. Company offers growth at a reasonable price.
Progressive (PGR) - Get Report was downgraded from Neutral to Underperform at Credit Suisse. $29 price target. Company is seeing a higher accident trend.
SBA Communications (SBAC) - Get Report was downgraded to Sector Weight at Pacific Crest. Management cut guidance, becuase of slower growth and currency.
Treehouse (THS) - Get Report was downgraded from Outperform to Market Perform at BMO Capital. Valuation call, based on a $90 price target.
TripAdvisor (TRIP) - Get Report was downgraded from Outperform to Perform at Oppenheimer. $97 price target. Company is seeing decelerating growth.
Westrock (WRK) - Get Report was upgraded from Neutral to Buy at DA Davidson. Stock has pulled back over the past three months. $66 price target.
Stock Comments / EPS Changes
Concho (CXO) - Get Report was placed on the US Focus List at Credit Suisse. Company is a core Permian play and posted strong quarterly results. Outperform rating and $135 price target.
This article was written by a staff member of TheStreet.