Ellie Mae (ELLI) was downgraded to sector perform from outperform at RBC Capital. $90 price target. The company is leveraged to lower expected refinance activity, RBC said.
First Solar (FSLR) - Get Report was upgraded to market perform from underperform at JMP Securities. The company is cutting costs to address lower revenue and downside potential is likely limited, JMP said.
KBR (KBR) - Get Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $20 price target. The company is leveraged to higher defense spending and is attractively valued, analysts said.
Oshkosh (OSK) - Get Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $62 price target. The valuation is less attractive, as the stock is trading at 21x expected 2017 earnings, analysts said.
QVC (QVCA) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $25 price target. The company can turn its sales around and deserves a higher multiple, analysts said.
This article was written by a staff member of TheStreet.