AK Steel (AKS) - Get AK Steel Holding Corporation Report was upgraded to buy from underperform at Bank of America/Merrill Lynch. $8 price target. Earnings estimates have also increased, given cost-cutting and a focus on premium products, analysts said.
Allegheny (ATI) - Get Allegheny Technologies Incorporated Report was downgraded to hold at Deutsche Bank. $17 price target. The company is seeing weaker growth across the board, outside of aerospace, Deutsche said.
CR Bard undefined was upgraded to outperform from market perform at BMO Capital. The valuation is more attractive, based on a $240 price target, BMO said.
Baker Hughes (BHI) was upgraded to outperform from market perform at Cowen. $65 price target. The company is trading at a discount to its peers and can continue to cut costs, Cowen said.
Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report was downgraded to neutral from outperform at Credit Suisse. $375 price target. Sales recovery is taking longer than expected, Credit Suisse said.
General Motors (GM) - Get General Motors Company (GM) Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $37 price target. Sentiment is muted, as the domestic auto cycle is peaking, analysts said.
Greenbrier (GBX) - Get Greenbrier Companies, Inc. Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $36 price target. The company is seeing soft demand and declining margins, analysts said.
Lowe's (LOW) - Get Lowe's Companies, Inc. (LOW) Report was downgraded to neutral from overweight at JPMorgan. $72 price target. Earnings estimates were also cut, given a more difficult consumer environment, JPMorgan said.
Lowe's was downgraded to neutral from outperform at Wedbush. $73 price target. The housing cycle has likely already seen its best days, Wedbush said.
Pandora (P) was downgraded to underweight from overweight at Albert Fried. $8 price target. The company is facing increased operating costs and competition.
Team Health (TMH) was downgraded to market perform at Leerink Partners. $43 price target. The company is facing operating challenges and is already factoring in a potential takeover, Leerink said.
Under Armour (UA) - Get Under Armour, Inc. Class C Report was downgraded to hold at Deutsche Bank. $32 price target. Profit is being hurt by future investments and the company is valued at 48x expected 2017 earnings, Deutsche said.
This article was written by a staff member of TheStreet.