Automatic Data Processing (ADP) - Get Automatic Data Processing Inc. Report was upgraded to buy from neutral at Goldman Sachs. The company was also placed on the Conviction List. $114 price target. The industry has multiple growth tailwinds, Goldman said.
Charles River (CRL) - Get Charles River Laboratories International Inc. Report was upgraded to neutral from sell at Goldman Sachs. The valuation is attractive, based on a $77 price target.
Diamond Offshore (DO) - Get Diamond Offshore Drilling Inc. Report was downgraded to underperform from sector perform at RBC Capital. $22 price target. Drilling sector should continue to lag through 2017, RBC said.
Duke Energy (DUK) - Get Duke Energy Corporation (Holding Company) Report was downgraded to underweight from neutral at J.P. Morgan. $77 price target. The company is facing multiple growth headwinds, J.P. Morgan said.
Nordstrom (JWN) - Get Nordstrom Inc. Report was downgraded to underweight from neutral at J.P. Morgan. $48 price target. Sales trends remain flattish and the company lacks near-term catalysts, J.P. Morgan said.
Coca-Cola (KO) - Get Coca-Cola Company (The) Report was downgraded to equal-weight from overweight at Morgan Stanley. $45 price target. The company is facing sales growth headwinds both at home and abroad, Morgan said.
Eli Lilly (LLY) - Get Eli Lilly and Company Report was upgraded to overweight from equal-weight at Morgan Stanley. $82 price target. The stock is not factoring in the company's margin potential, Morgan said.
MSG Networks (MSG) - Get The Madison Square Garden Co. Report was downgraded to sell from hold at Loop Capital. $18 price target. The valuation is less attractive, following recent takeover speculation, Loop said.
Veeva (VEEV) - Get Veeva Systems Inc. Class A Report was upgraded to outperform from market perform at JMP Securities. $51 price target. The stock has pulled back 11% and the Vault business can drive growth, JMP said.
This article was written by a staff member of TheStreet.