Advisory Board (ABCO) was downgraded to neutral from overweight at Piper Jaffray. The valuation is less attractive, based on a $42 price target.
Actuant (ATU) was downgraded to sector perform from outperform at RBC Capital. $27 price target. The valuation is less attractive, as the company is trading at 20x expected 2018 earnings, RBC said.
Colfax (CFX) - Get Colfax Corporation Report was upgraded to outperform from sector perform at RBC Capital. $43 price target. The market demand is near the bottom and restructuring should boost future growth, RBC said.
Comcast (CMCSA) - Get Comcast Corporation Class A Report was upgraded to buy from hold at Deutsche Bank. $88 price target. Free cash flow growth should benefit from lower regulation and tax reform, Deutsche said.
Fortive (FTV) - Get Fortive Corp. Report was upgraded to outperform from neutral at Credit Suisse. $60 price target. Earnings estimates were also increased, given a recovery in organic growth, Credit Suisse said.
GrubHub (GRUB) - Get Grubhub, Inc. Report was upgraded to overweight from equal-weight at Morgan Stanley. $44 price target. The company is seeing user growth and higher incremental spending, Morgan Stanley said.
Nokia (NOK) - Get Nokia Oyj Sponsored ADR Report was downgraded to hold at Canaccord Genuity. $5 price target. The company is losing Apple business and the challenging macro environment should persist, Canaccord said.
This article was written by a staff member of TheStreet.