Analysts' Actions -- CyberArk, Nordstrom, Netflix, Skyworks and More
RATINGS CHANGES
ConAgra Foods (CAG) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: CAG.
Cirrus Logic (CRUS) - Get Report was downgraded to sector weight at Pacific Crest. The company is leveraged to a much weaker expected iPhone ramp, Pac Crest said.
CyberArk Software (CYBR) - Get Report was upgraded to overweight at Barclays. $60 price target. The company can take share in an expanding PAM market in the coming quarters, Barclays said.
Fifth Third (FITB) - Get Report was downgraded to equal-weight at Morgan Stanley. $20 price target. The company lacks near-term catalysts, Morgan Stanley said.
Illumina (ILMN) - Get Report was downgraded to underweight at Morgan Stanley. $110 price target. The company is facing end-market pressures, Morgan Stanley said.
Nordstrom (JWN) - Get Report was upgraded to hold from sell at Miller Tabak. The valuation is more attractive, based on a $39.50 price target, Miller Tabak said.
Keybanc (KEY) - Get Report was upgraded to overweight at Morgan Stanley. $15 price target. Consensus expectations appear low, as management is cutting costs, Morgan Stanley said.
Netflix (NFLX) - Get Report was downgraded to hold from buy at Needham. Exposure to Europe should accelerate subscriber churn or slow subscriber growth, Needham said.
Skyworks Solutions (SWKS) - Get Report was downgraded to sector weight at Pacific Crest. Inventor is high in China and the company is leveraged to lower iPhone shipments, Pac Crest said.
Yandex (YNDX) - Get Report was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: YNDX.
This article was written by a staff member of TheStreet.