Analysts' Actions -- First Solar, Qualcomm, Red Hat, Zions and More
RATINGS CHANGES
Anchillion (ACHN) - Get Report was upgraded to outperform from market perform at JMP Securities. $13 price target. Factor D program could drive significant upside, JMP said.
Endologix (ELGX) - Get Report was upgraded to outperform from market perform at BMO Capital. $16 price target. TRIV integration is progressing well, BMO said.
First Solar (FSLR) - Get Report was downgraded to hold from buy at Deutsche Bank. $44 price target. Earnings estimates were also cut, given a slower bookings ramp, Deutsche said.
Knight Transportation (KNX) - Get Report was downgraded to neutral from outperform at Credit Suisse. $26 price target. Supply is high and there is increased uncertainty around consumer demand, Credit Suisse said.
Qualcomm (QCOM) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: QCOM.
Regions Financial (RF) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: RF.
Red Hat (RHT) - Get Report was downgraded to equal-weight from overweight at Morgan Stanley. The valuation is less attractive, based on an $80 price target, Morgan Stanley said.
Zions (ZION) - Get Report was upgraded to overweight from neutral at Piper Jaffray. $29 price target. The valuation is more attractive, as the company is trading at just 85% of its tangible book value, Piper said.
This article was written by a staff member of TheStreet.