Analysts' Actions: Coach, Harley-Davidson, Vertex, Walgreens

NEW YORK (TheStreet) -- RATINGS CHANGES

Brunswick (BC) was upgraded at Keybanc to buy from hold. Twelve-month price target is $55. Product refresh should help grow the business, Keybanc said.

Coach (COH) was downgraded at Bank of America/Merrill Lynch to underperform from neutral. Twelve-month price target was lowered to $31. Productivity is declining and consensus estimates appear as much as 23% too high, BofA/Merrill said.

Harley-Davidson (HOG) was initiated with a sector perform rating at RBC Capital. Valuation call, based on a 12-month price target of $74, RBC said.

Trinity Industries (TRN) was upgraded at UBS to buy from neutral. Reflects building momentum for railcar order with company best positioned to increase production. Twelve-month price target is $51.

Valmont (VMI) was downgraded at Wedbush to neutral from outperform. Twelve-month price target was lowered to $157. Estimates were also cut, because of low near-term visibility and new company guidance, Wedbush said.

Vertex (VRTX) was downgraded at HC Wainwright to neutral from buy. Twelve-month price target is $85. 809 drug still has scientific risks, HC Wainwright said.

Walgreens (WAG) was upgraded at Jefferies to buy from hold. Reflecting potential tax inversion, recap, and cost-cutting initiatives, Jefferies said. Twelve-month price target is $87.

Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes" which is available only to Real Money subscribers. To find out how to become a subscriber, please click here.

This article was written by a staff member of TheStreet.

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