AK Steel (AKS) - Get AK Steel Holding Corporation Report was upgraded to buy from hold at Jefferies. $6.25 price target. Domestic steel prices have bottomed and the company has cleaned up its balance sheet, Jefferies said.
California Water (CWT) - Get California Water Service Group Report was downgraded to underweight at Barclays. $28 price target. Earnings estimates were also cut, given a reduction to the base rate, Barclays said.
GNC (GNC) - Get GNC Holdings, Inc. Class A Report was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $13 price target. Business trends continue to decline and the analysts see a lower chance of a takeout.
Level 3 Communications (LVLT) was upgraded to outperform at Oppenheimer. $60 price target. Possible CenturyLink deal would be attractive, Oppenheimer said.
McKesson was downgraded to hold from buy at Deutsche Bank. $153 price target. The company cut guidance and lacks near-term visibility, Deutsche said.
Mead Johnson (MJN) was downgraded to neutral from overweight at JPMorgan. $75 price target. Management has reduced guidance five times in the past six quarters, JPMorgan said.
Old Dominion (ODFL) - Get Old Dominion Freight Line, Inc. Report was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $73 price target. The valuation is less attractive, as the stock is trading at 18.5x expected 2017 earnings, analysts said.
Proto Labs (PRLB) - Get Proto Labs, Inc. Report was downgraded to hold from buy at Canaccord Genuity. $47 price target. Increased competition may delay a return to historical growth rates, Canaccord said.
Raymond James (RJF) - Get Raymond James Financial, Inc. Report was downgraded to market perform from outperform at JMP Securities. The valuation is less attractive, based on a $70 price target, JMP said.
World Wrestling (WWE) - Get World Wrestling Entertainment, Inc. Class A Report was downgraded to sector weight at Pacific Crest. The company will not likely be able to achieve long-term U.S. subscriber goals, Pac Crest said.
This article was written by a staff member of TheStreet.