BB&T (BBT) - Get BB&T Corporation Report was downgraded to market perform from outperform at BMO Capital. $45 price target. The valuation is less attractive, as the company lacks near-term catalysts, BMO said.
Amplify Snack undefined was downgraded to neutral from outperform at Credit Suisse. $13 price target. Earnings estimates were cut, given the company's new guidance, Credit Suisse said.
Amplify Snack was downgraded to perform from outperform at Oppenheimer. Earnings potential is weaker than feared, Oppenheimer said.
Fortinet (FTNT) - Get Fortinet, Inc. (FTNT) Report was upgraded to overweight from equal-weight at Morgan Stanley. $39 price target. The company is expanding margins and faces easy comparisons, Morgan Stanley said.
Packaging Corp. (PKG) - Get Packaging Corporation of America Report was downgraded to market perform from outperform at BMO Capital. The valuation is less attractive, based on an $89 price target, BMO said.
Schlumberger (SLB) - Get Schlumberger NV Report was upgraded to buy from hold at Jefferies. $96 price target. Earnings estimates were also increased, given an expected margin recovery, Jefferies said.
Transdigm (TDG) - Get TransDigm Group Incorporated Report was upgraded to buy from hold at Deutsche Bank. $290 price target. The valuation is less attractive, following the recent selloff, Deutsche said.
Viacom (VIAB) - Get Viacom Inc. Class B Report was downgraded to market perform from outperform at FBR Capital. $44 price target. The analyst sees limited upside potential in a possible CBS deal, FBR said.
This article was written by a staff member of TheStreet.