NEW YORK (TheStreet) -- RATINGS CHANGES
Biogen (BIIB) - Get Report was upgraded to buy from neutral by Bank of America/Merrill Lynch, which set a $466 price target, saying that it sees upside from aducanumab and that Techdidera appears to be stabiliizing.
Fogo de Chão (FOGO) was started at neutral by J.P. Morgan, which set a $24 price target, saying that a unique labor model and unit growth opportunity is fairly reflected in valuation.
Primoris Services (PRIM) - Get Report was downgraded to sector weight from overweight by Keybanc, which said it is moving to the sidelines until it has comfort around Primoris' ability to deliver consistent operational performance under its new leadership, given the potentially more challenging energy construction macro environment.
Swift Energy (SFY) - Get Report was downgraded to sector weight from overweight by Keybanc, which cited valuation, following the reduction to price deck, as well as reduced long-term liquid-natural-gas assumption.
Urban Outfitters (URBN) - Get Report was upgraded to buy from hold by Jefferies, which set a $50 price target. The retailer is a story of high-quality and differentiated brands, solid management, square footage and global growth, ongoing category extensions and margin expansion opportunity combined with palatable valuation, Jefferies said.