Analysts' Actions -- Activision, Garmin, Match, Sirius and More

Here are Thursday's top research calls, including a downgrade for Activision and upgrades for Garmin, Match and Sirius XM.

Author:: TheStreet Staff
Publish date:: Jul 28, 2016 8:05 AM EDT

RATINGS CHANGES

Ashland (ASH) - Get Report was downgraded to neutral from outperform at Credit Suisse. $119 price target. Earnings estimates were also cut, given continued weakness in ASI, Credit Suisse said.

Activision (ATVI) - Get Report was downgraded to neutral from buy at MKM Partners. The valuation is less attractive, based on a $42 price target, MKM said.

DuPont (DD) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: DD.

Garmin (GRMN) - Get Report was upgraded to neutral from underweight at JPMorgan. $47 price target. The company beat low expectations and offers an attractive dividend yield, JPMorgan said.

Infinera (INFN) - Get Report was downgraded to neutral from buy at Nomura. $9 price target. The company erased hope of a recovery with its guidance, Nomura said.

Level 3 (LVLT) was downgraded to neutral from overweight at JPMorgan. $60 price target. Revenue growth is decelerating on rising churn, JPMorgan said.

Match (MTCH) - Get Report was upgraded to overweight from neutral at JPMorgan. $19 price target. Tinder business is strong and Match domestic business is more stable, JPMorgan said.

Sirius XM (SIRI) - Get Report was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: SIRI.

Reliance Steel (RS) - Get Report was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $84 price target. The company is in an attractive defensive position, analysts said.

U.S. Steel (X) - Get Report was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $21 price target. The company is leveraged to lower steel prices, analysts reasoned.

This article was written by a staff member of TheStreet.