Best Buy (BBY) - Get Best Buy Co., Inc. Report was downgraded to neutral from outperform at Credit Suisse. $31 price target. Earnings estimates were also cut, given lower expected mobile sales, Credit Suisse said.
Mattress Firm (MFRM) was downgraded to sector weight from overweight at Keybanc. The consumer landscape is choppy and the company is losing market share to e-commerce competitors, Keybanc said.
Procter & Gamble (PG) - Get Procter & Gamble Company Report was initiated with a buy rating at Jefferies. $95 price target. The company can return to 3%-plus organic sales growth in the coming years, Jefferies said.
Regal (RGC) was upgraded to outperform at RBC Capital. $23 price target. The company will likely return a large amount of excess cash to investors, RBC said.
Scana (SCG) was downgraded to underweight at Morgan Stanley. $67 price target. The financial outlook is weakening and the company can face further delays in nuclear construction, Morgan Stanley said.
Tesoro (TSO) was downgraded to neutral from outperform at Credit Suisse. $90 price target. Industry supply continues to outpace demand, Credit Suisse said.
US Steel (X) - Get United States Steel Corporation Report was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $18 price target. Expect higher sheet pricing and more stable earnings, analysts said.
This article was written by a staff member of TheStreet.