Change in Ratings
Avis(CAR) - Get Report was downgraded from Overweight to Neutral at JP Morgan. $49 price target. Industry pricing remains muted.
DSW(DSW) - Get Report was downgraded from Buy to Neutral at MKM Partners. $23 price target. Company cut guidance and the CEO change is a surprise.
Frank's(FI) - Get Report was downgraded from Outperform to Neutral at Credit Suisse. $18 price target. Estimates also cut, as management suggests 2016 will be another down year.
Groupon(GRPN) - Get Report was downgraded to Underperform at Bank of America/Merrill Lynch. $2.75 price target. Company is investing more in future growth.
HP(HPQ) - Get Report was downgraded from Overweight to Neutral at JP Morgan. $14 price target. Company is facing macro headwinds and lower end-market demand.
HP HPQ was upgraded to Equal-weight at Barclays. $14 price target. Company has attractive cash flow and yield prospects.
Kellogg(K) - Get Report rating was raised to Neutral from Underperform at Credit Suisse. $72 price target. Business appears to be stabilizing and management is taking more urgent action to improve results.
Louisiana-Pacific(LPX) - Get Report was upgraded from Outperform to Top Pick at RBC Capital. $22 price target. Company should benefit from higher OSB prices.
Mannkind(MNKD) - Get Report was downgraded to Underperform at RBC Capital. $1 price target. Survey suggests sluggish Afrezza growth.
Metaldyne Performance (MPG) was downgraded from Buy to Hold at Deutsche Bank. Valuation call, based on a $22 price target.
Nokia(NOK) - Get Report was upgraded from Market Perform to Outperform at BMO Capital. Company can continue to expand margins. $10 price target.
RealPage(RP) - Get Report was upgraded from Hold to Buy at Deutsche Bank. $25 price target. Company boosted guidance and is seeing higher sales across the board.
Range Resources(RRC) - Get Report was upgraded at Citi to Buy. $40 price target. Company is seeing assets to reduce leverage.
WebMD (WBMD) was upgraded at Stifel from Hold to Buy. $52 price target. Company should benefit from a strong pricing environment and improving product mix.
US Steel(X) - Get Report was downgraded at Deutsche to Hold. $25 price target. Company lowered its earnings guidance.
Stock Comments / EPS Changes
McKesson(MCK) - Get Report was cut from Conviction Buy List at Goldman. $210 price target. Sector growth outlook is muted.