Archer-Daniels (ADM) - Get Archer-Daniels-Midland Company Report was upgraded to outperform at BMO Capital. $48 price target. The company should reach an inflection point in the second quarter, BMO said.
CF Industries (CF) - Get CF Industries Holdings, Inc. Report was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $29 price target. Investors should be cautious about near-term fundamentals, analysts said.
Deere (DE) - Get Deere & Company Report was upgraded to outperform from market perform at BMO Capital. $96 price target. The company is under-owned and is attractively valued based on peak earnings, BMO said.
Forward Air (FWRD) - Get Forward Air Corporation Report was upgraded to outperform from sector perform at RBC Capital. $52 price target. The outlook has improved, following the integration of the Towne Air deal, RBC said.
Johnson Controls (JCI) - Get Johnson Controls International plc Report was upgraded to outperform from neutral at Credit Suisse. $50 price target. The valuation is more attractive, as the market is giving little value to an Adient spinoff and Tyco synergies, Credit Suisse said.
Western Digital (WDC) - Get Western Digital Corporation Report was upgraded to outperform from market perform at Cowen. $50 price target. Expectations are low and the company is expanding its total addressable market, Cowen said.
This article was written by a staff member of TheStreet.