CHANGE IN RATINGS
Allegheny Technologies(ATI) - Get Report was downgraded from buy to hold at Deutsche Bank said. $15 price target. Company is being hurt by stainless steel pricing and lower demand for flat rolled products.
Coach (COH) was upgraded from Underweight to Equal-weight at Morgan Stanley said. $27 price target. Valuation call, as the stock is down 20% year-to-date.
Cepheid (CPHD) downgraded at Canaccord to Hold. $34 price target. Company will likely struggle to meet its 2017 goals.
Dollar General(DG) - Get Report was upgraded from Underperform to Neutral at Bank of America/Merrill Lynch. $73 price target. Earnings outlook is improving.
Harley-Davidson(HOG) - Get Report was downgraded from Overweight to Neutral, JP Morgan said. $50 price target. Fundamental headwinds remains strong.
Harley-Davidson was downgraded from Outperform to Market Perform, BMO Capital said. $54 price target. Company cut its shipment guidance.
Memorial Resource (MRD) was upgraded from Neutral to Buy, Goldman Sachs said. $23 price target. Company is attractively valued and has multiple potential catalysts.
Micron(MU) - Get Report was downgraded from Neutral to Underperform at Bank of America/Merrill Lynch. $12.50 price target. Company is leveraged to lower spending from Intel.
Micron was downgraded from Strong Buy to Hold at Needham. Company will be hurt by Intel's expansion into the NAND market.
Twitter(TWTR) - Get Report was downgraded to Underweight, Morgan Stanley said. $24 price target. See limited user growth and declining engagement.
VMWare(VMW) - Get Report was downgraded at Nomura from Buy to Neutral. $70 price target. Company is seeing lower billing growth and cut its sales guidance.
VMWare was downgraded from Buy to Neutral at Bank of America/Merrill Lynch. $69 price target. Company cut guidance across the board.
VMWare was downgraded at Sterne Agee to Neutral. $75 price target. Company is guiding toward lower margins.
Waste Management(WM) - Get Report was upgraded at Stifel from Hold to Buy. $60 price target. Company can deliver consistent annual free cash flow growth.
Wolverine World Wide(WWW) - Get Report was downgraded at Sterne Agee to Underperform. $16 price target. Estimates also cut, as the company's outlook is far worse than expected.
Stock Comments / EPS Changes
Chipotle(CMG) - Get Report estimates, target reduced at Jefferies. CMG estimates were cut through 2016, Jefferies said. Company is facing higher labor costs. Hold rating and new $680 price target.
Kohl's(KSS) - Get Report estimates, target cut at Jefferies. Shares of KSS now seen reaching $61, according to Jefferies. Estimates also reduced, given challenging weather trends. Buy rating.
Qualcomm(QCOM) - Get Report estimates, target cut at Canaccord. Shares of QCOM now seen reaching $72. Estimates also reduced, given slowing global smartphone sales. Buy rating.
Verizon(VZ) - Get Report estimates, target raised at Goldman. Shares of VZ now seen reaching $49, according to Goldman Sachs. Estimates also increased, given better wireless metrics. Neutral rating and new $49 price target.
Yahoo! (YHOO) estimates, target cut at Credit Suisse. Shares of YHOO now seen reaching $53, according to Credit Suisse. Estimates also reduced, given lower sales. Neutral rating.
This article was written by a staff member of TheStreet.