Alkermes (ALKS) - Get Report was upgraded to overweight from neutral at JPMorgan. $78 price target. The company announced positive clinical data for major depressive order treatment earlier than expected, JPMorgan said.
Chesapeake Energy (CHK) - Get Report was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $10 price target. The company should see a business and profit inflection in the second quarter of 2017, analysts said.
Chesapeake was upgraded to neutral from reduce at Nomura Securities. $7.50 price. The company will likely cut debt by more than $2 billion and boost oil production in the coming quarters, Nomura said.
Ubiquiti (UBNT) was upgraded to market perform from underperform at JMP Securities. Momentum appears to be growing across a number of product lines, JMP said.
Union Pacific (UNP) - Get Report was downgraded to sector perform at RBC Capital. $98 price target. Fundamental trends are deteriorating, which will keep a lid on potential multiple expansion, RBC said.
Yahoo! (YHOO) was downgraded to hold from buy at Jefferies. $48 price target. The valuation is less attractive, based on a sum-of-the-parts valuation, Jefferies said.
This article was written by a staff member of TheStreet.