Parexel (PRXL) was downgraded at RBC Capital to buy from strong buy. Valuation call, as the stock is up 20% from its April lows, RBC Capital said.

Reynolds American (RAI) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $65. Estimates were also boosted, given favorable industry pricing trends, BofA/Merrill said.

Transocean (RIG) was upgraded to buy at TheStreet Ratings.

SanDisk (SNDK) was upgraded at Bank of America/Merrill Lynch to buy from underperform. Twelve-month price target is $125. Company has stronger earnings momentum and can afford a higher dividend, Bank of America/Merrill said.

Stryker (SYK) was upgraded at Argus to buy from hold. Twelve-month price target is $102. Company is generating solid growth outside of orthopedics, Argus said.

Molson Coors (TAP) was upgraded at Bank of America/Merrill Lynch to buy from underperform. Fundamentals are improving and the company will likely return more cash to investors, Bank of America/Merrill said.

TriState Capital (TSC) was initiated with a hold rating at TheStreet Ratings.

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This article was written by a staff member of TheStreet.

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