Analysts' Actions: C CVX DOW MON SJM


Citigroup (C) was downgraded at Sterne Agee to neutral from buy. Twelve-month price target is $52. Estimates were also cut, as the company is facing another transition year, Sterne Agee said.

CF Industries (CF) was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $267, Citi said.

Chevron (CVX) was initiated with a market perform rating at BMO Capital. Valuation call, based on a 12-month price target of $125, BMO Capital said.

Fortuna Silver Mines (FSM) was downgraded to sell at TheStreet Ratings.

G&K Services (GK) was downgraded at Robert Baird to neutral from outperform. Profitability will likely fall in-line with peers over the coming quarters, Baird said.

Monsanto (MON) was upgraded at J.P. Morgan to overweight. Company can increase balance sheet leverage and possibly break itself up to create value, J.P. Morgan said.

Newfield Exploration (NFX) was upgraded at UBS to buy from neutral. SCOOP and STAK plays driving the improvement of NFX's portfolio, UBS said. Twelve-month price target is $37.

National Retail Properties (NNN) was downgraded at UBS to sell from neutral. Sluggish internal growth on long-term leases will not allow dividends to grow enough in a rising interest rate environment, UBS said. Twelve-month price target is $30.

Opentable (OPEN) was upgraded at Citigroup to buy from neutral. Twelve-month price target is $90. Diners and restaurant adds are tracking to the upside, Citi said.

JM Smucker (SJM) was initiated with an equal-weight rating at Morgan Stanley. Twelve-month price target is $101. Company is facing accelerated K-Cup competition and commodity headwinds, Morgan Stanley said.

Suncor Energy (SU) was upgraded to buy at TheStreet Ratings.

ExxonMobil (XOM) was initiated with an underperform rating at BMO Capital. Twelve-month price target is $85. Company is the most expensive of the group, but the operations do not justify this premium, BMO Capital said.

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