Kennametal ( KMT) was downgraded at J.P. Morgan to neutral. Lazard ( LAZ) was upgraded at UBS to neutral from sell and given a $38 price target. Signs of a turnaround are becoming clear as execution improves, UBS said. L-3 Communications ( LLL) was upgraded at Bank of America/Merrill Lynch to neutral from outperform. $97 price target. Navigating challenging defense budget backdrop better than expected, BofA/Merrill said. Methanex ( MEOH) was upgraded at UBS to buy from neutral and given a $52 price target, said UBS. Pricing is stabilized and operating rates have improved, UBS said.
Motorola Solutions ( MSI) was downgraded at Argus Research to hold from buy. Enterprise segment continues to underperform, Argus said. Maxim Integrated ( MXIM) was downgraded at UBS to neutral from buy. Reflects a $27 price target given slowdown in high-end smartphone sales, said UBS. Netgear ( NTGR) was downgraded at RBC Capital to underperform from sector perform. $27 price target. Core business appears to be deteriorating, RBC Capital said. Nidec ( NJ) was upgraded to buy at TheStreet Ratings. Owens-Illinois ( OI) was upgraded to buy at TheStreet Ratings. Pinnacle Entertainment ( PNK) was upgraded at BofA/Merrill to buy from underperform. $30 price target. Divesting Lake Charles has removed multiple overhangs, BofA/Merrill said. Precision Castparts ( PCP) was downgraded at Deutsche Bank to hold from buy. Price target is $245. Lower metal prices and stagnant organic growth leaves limited upside to price target, Deutsche Bank said. Pulte ( PHM) was upgraded at Credit Suisse to outperform from neutral. $21 price target. Volatility in the stock creates an attractive buying opportunity, Credit Suisse said. Qlik Technologies ( QLIK) was downgraded at Drexel Hamilton to sell. $24 price target. Company will struggle to achieve full-year earnings targets, Drexel Hamilton said. Quality Systems ( QSII) was downgraded at Lazard Capital Markets to sell from neutral. $18 price target. Company continues to see lower sales, Lazard Capital Markets said. Revlon ( REV) was downgraded at BMO Capital to market perform from outperform. Price target increased to $27. Shares are up 75% on the year and it no longer trades at a favorable discount, BMO Capital said.