Optical Cable ( OCC) was upgraded to buy at TheStreet Ratings. OGE Energy ( OGE) was upgraded at Jefferies to buy from hold. Higher environmental spending and more growth projects are expected to be announced, said Jefferies. Price target is $76. Signature Bank ( SBNY) was upgraded at BMO Capital Markets to outperform from market perform. Competitive concerns should subside, and the bank will benefit from rising long rates, BMO Capital Markets said. Price target is $90.
SolarCity ( SCTY) was upgraded at Credit Suisse to outperform from neutral. There is increased confidence California will continue to support solar generation, Credit Suisse said. Price target is now $52. Southern Company ( SO) was downgraded at Jefferies to hold from buy. Regulatory overhang, Jefferies said. Price target is $46. Wells Fargo ( WFC) was downgraded at Sterne Agee to neutral from buy. $42 price target. Although outlook remains constructive, earnings growth is moderating, Sterne Agee said.