Citrix (CTXS) - Get Report was downgraded from buy to neutral, Merrill Lynch said. The stock is exploring a potential sale and this was a valuation call, although Merrill Lynch raised its price target to $91 from $87.
Occidental Petroleum (OXY) - Get Report was upgraded from neutral to buy, Merrill Lynch said. The stock's "disproportionate underperformance compared to other yield-oriented names leaves it as the only name trading below February 2016 levels, and there are signs of a tightening of global oil markets.
Neff (NEFF) was upgraded by two notches from underperform to buy, Merrill Lynch said. The stock now has a $20 price target. The pricing in the rental market is improving, state fiscal stimulus measures in the Sunbelt region are supportive and its free cash flow generation is reassuring.