Coach (COH) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $44 price target. Margin expectations have been reset and the outlet business is stabilizing, analysts said.
Denbury (DNR) - Get Report was downgraded to underweight at Barclays. $2.50 price target. Earnings estimates were also cut, as tertiary oil requires a longer lead time to react to increased capital spending, Barclays said.
Medivation (MDVN) was downgraded to market perform from outperform at JMP Securities. The valuation is less attractive, with the company trading at 29 times expected 2017 earnings, JMP said.
Myriad was downgraded to equal-weight from overweight at Barclays. $24 price target. The company is losing market share faster than expected, Barclays said.
SunPower (SPWR) - Get Report was downgraded to hold at Deutsche Bank. $11 price target. The company is facing a challenging outlook for the U.S. utility market and a security decline in the international power plant segment, Deutsche said.
SunPower was downgraded to neutral from overweight at JPMorgan. $17 price target. Earnings estimates were also reduced, given the company's new guidance, JPMorgan said.
SunPower was downgraded to perform from outperform at Oppenheimer. The company lowered guidance and lacks near-term catalysts, Oppenheimer said.
SunPower was downgraded to neutral from outperform at Credit Suisse. $12 price target. The company lacks stability in its core business and management is losing credibility with investors, Credit Suisse said.
This article was written by a staff member of TheStreet.