NEW YORK ( TheStreet) -- CHANGE IN RATINGSAbbvie ( ABBV) was upgraded at Morgan Stanley to overweight from equal-weight. $49 price target. Expect higher Humira sales and the company has a solid pipeline, Morgan Stanley said. Barrick Gold ( ABX) was downgraded at Deutsche Bank to hold from buy. $22.50 price target. Earnings will likely fall, along with the underlying price of gold, Deutsche Bank said. Alkermes ( ALKS) was downgraded at Lazard Capital Markets to neutral from buy. Valuation call, as the stock gained 25% last week, Lazard Capital Markets said. Baker Hughes ( BHI) was downgraded at Argus Research to sell from hold. Accounts receivables and inventory have continued to deteriorate, Argus Research said. Carnival ( CCL) was downgraded at Nomura to neutral from buy. $37.50 price target. Valuation call, as yield pricing remains soft, Nomura said.
Cabot Oil & Gas ( COG) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $75 price target, Deutsche said. First Horizon ( FHN) was upgraded at Compass Point to neutral from sell. $10 price target. Stock is already pricing in expected net interest margin compression, Compass Point said. General Electric ( GE) was downgraded at J.P. Morgan to neutral. $22 price target. Company has less visibility and is losing its status as a safety stock, J.P. Morgan said.
Kimberly-Clark ( KMB) was downgraded at Bank of America to neutral. Full valuation and outperformance vs. the sector, said Bank of America / Merrill Lynch. MDC ( MDC) was upgraded at Credit Suisse to neutral from underperform. Checks show that industry demand remained strong through mid-April, Credit Suisse said. Newmont Mining ( NEM) was downgraded at Deutsche Bank to sell from hold. $24 price target. Expect a funding gap in the sector, given lower commodity prices, Deutsche Bank said. Netflix ( NFLX) was upgraded at B. Riley to neutral from sell. $165 price target. Stock has pulled back 17% over the past month, ahead of tonight's quarterly report, B. Riley said. Penn National ( PENN) was downgraded at Morgan Stanley to equal-weight Valuation call, as the stock exceeded the previous target, Morgan Stanley said.