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.
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