Colgate-Palmolive (CL) - Get Colgate-Palmolive Company Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $80 price target. External business pressures have become more manageable, analysts said.
Edgewell (EPC) - Get Edgewell Personal Care Co. Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $84 price target. The valuation is less attractive, as the company is trading at 23x expected 2017 earnings, analysts said.
Marathon Oil (MRO) - Get Marathon Oil Corporation Report was downgraded to neutral from outperform at Credit Suisse. $19 price target. There appears to be more relative momentum in purer Permian Basin plays, Credit Suisse said.
Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report was downgraded to underweight from neutral at JPMorgan. The valuation is less attractive, based on a $78 price target, JPMorgan said.
Philip Morris (PM) - Get Philip Morris International Inc. Report was upgraded to buy from neutral at Goldman Sachs. The company was also placed on the Conviction List with a $114 price target. The company has accelerating earnings momentum and will likely increase the dividend later this month, Goldman said.
Reynolds American (RAI) was downgraded to neutral from buy at Goldman Sachs. $53 price target. The valuation is less attractive, as the stock has outperform the market by 26% over the past 15 months, Goldman said.
This article was written by a staff member of TheStreet.