Facebook was upgraded at BMO Capital to outperform from market perform. $33 price target. Estimates were also boosted, given an expected upgraded video ad offering, BMO Capital said. First Solar ( FSLR) was upgraded at Goldman Sachs to buy from neutral. $64 price target. Earnings visibility is improving, Goldman Sachs said. Ironwood ( IRWD) was upgraded at Wedbush to neutral from underperform. $12 price target. Linzess prescriptions are growing, Wedbush said. Lockheed Martin ( LMT) was upgraded at Goldman Sachs to buy. The stock was also placed on the Conviction List, given improving industry fundamentals, Goldman said. $127 price target.
Northrop Grumman ( NOC) was upgraded at Goldman Sachs to buy. Expect upside to consensus expectations, Goldman said. $95 price target. Pinnacle Entertainment ( PNK) was downgraded at Nomura to neutral. Valuation call, based on a $21 price target, Nomura said. Qlik Technologies ( QLIK) was downgraded at Drexel Hamilton to hold from buy. Valuation call, as the stock exceeded the $30 price target, Drexel Hamilton said. Republic Services ( RSG) was upgraded at Wedbush to outperform from neutral. $40 price target. Cyclical catalyst should drive margin expansion, Wedbush said. Raytheon ( RTN) was upgraded at Goldman Sachs to neutral. Cash metrics are solid, Goldman said. $70 price target.
Sunpower ( SPWR) was upgraded at Goldman Sachs to neutral from sell. Valuation call, based on an $18 price target, Goldman said. AT&T ( T) was initiated with a market perform rating at BMO Capital. $34 price target. Company is facing increased competition, BMO Capital said.