Analysts' Actions -- AbbVie, AstraZeneca, 3D Systems, Whirlpool and More
RATINGS CHANGES
AbbVie (ABBV) - Get AbbVie, Inc. Report was initiated with a hold rating at Deutsche Bank. $63 price target. The company remains highly levered to Humira, which has an uncertain amount of exclusivity, Deutsche said.
Axalta Coating Systems (AXTA) - Get Axalta Coating Systems Ltd. Report was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: AXTA.
AstraZeneca (AZN) - Get Astrazeneca PLC Sponsored ADR Report was downgraded to hold from buy at Jefferies. The company lacks near-term catalysts, Jefferies said.
Cohen & Steers (CNS) - Get Cohen & Steers, Inc. Report was upgraded to buy from underperform at Bank of America/Merrill Lynch. $37 price target. The company is delivering organic growth in a tough environment, analysts said.
3D Systems (DDD) - Get 3D Systems Corporation Report was downgraded to underweight from neutral at JPMorgan. $10 price target. The stock is up 68% year-to-date, but the company has limited sales visibility, JPMorgan said.
ITC (ITC) was downgraded to hold from buy at Deutsche Bank. The valuation isn't as attractive, based on a $43 price target, Deutsche said.
TheStreet Recommends
Mohawk (MHK) - Get Mohawk Industries, Inc. Report was downgraded to neutral from overweight at JPMorgan. The valuation isn't as attractive, based on a $215 price target, JPMorgan said.
Swift Transportation (SWFT) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: SWFT.
Tiffany (TIF) - Get Tiffany & Co. Report was downgraded to neutral from buy at Citigroup. $78 price target. The valuation isn't as attractive, as it is unclear when the business will rebound, Citigroup said.
T. Rowe Price (TROW) - Get T. Rowe Price Group Report was downgraded to neutral at Bank of America/Merrill Lynch, because the valuation isn't as attractive.
Whirlpool (WHR) - Get Whirlpool Corporation Report was upgraded to overweight from neutral at JPMorgan. $205 price target. The stock has lagged over the past year, but expect solid execution in 2016, JPMorgan said.
Whiting Petroleum (WLL) - Get Whiting Petroleum Corporation Report was downgraded to neutral from overweight at JPMorgan. The valuation isn't as attractive, as the stock is now up 140% from its February lows, JPMorgan said.
This article was written by a staff member of TheStreet.
