NEW YORK (TheStreet) -- RATINGS CHANGES
CSX (CSX) - Get Report was initiated with an overweight rating at J.P. Morgan. $41 12-month price target. This was a valuation call, as the company is better positioned than Norfolk in the coal market, J.P. Morgan said.
Quest Diagnostics (DGX) - Get Report was downgraded to underperform by Bank of America/Merrill Lynch. $68 12-month price target. The company appears to be growing slower than LabCorp, its top competitor, BofA/Merrill said.
Precision Castparts (PCP) was downgraded to neutral from buy at Goldman Sachs. $223 12-month price target. Organic growth is decelerating and the company has energy exposure, Goldman said.
Penn National (PENN) - Get Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $20 12-month price target. Company is leveraged to a recovery in the regional gaming markets, BofA/Merrill said.
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This article was written by a staff member of TheStreet.