NEW YORK (TheStreet) -- RATINGS CHANGES
Boise Cascade (BCC) was downgraded at BMO Capital to market perform. Valuation call, based on a 12-month price target of $40, BMO Capital said.
Clean Harbors (CLH) was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $60. Fundamentals are improving and the company is cutting costs, Wedbush said.
Denbury (DNR) was downgraded at Stifel Nicolaus to neutral. Twelve-month price target is $18. Company cut its earnings and dividend outlook, Stifel Nicolaus said.
Denbury was downgraded at Credit Suisse to neutral from outperform. Investment thesis invalidated due to lower oil prices, Credit Suisse said. Twelve-month price target was lowered to $16 from $19. Recent resignation of two top officers signals that a quick turnaround is unlikely, Credit Suisse said.
Hertz (HTZ) was downgraded at Wells Fargo to market perform from outperform. Estimates were also cut, given higher expected depreciation costs, Wells Fargo said.
Carmax (KMX) was downgraded at Morgan Stanley to equal-weight from overweight. Twelve-month price target is $56. Company faces multiple growth headwinds, Morgan Stanley said.
McGraw Hill (MHFI) was upgraded to buy at Benchmark. Twelve-month price target is $106. Outlook is improved, following the business restructuring, Benchmark said.
Mastec (MTZ) was upgraded at DA Davidson to buy from neutral. Valuation call, based on a 12-month price target of $32, DA Davidson said.
Office Depot (ODP) was downgraded at Goldman Sachs to neutral from buy. Supplies and paper sales should continue to erode, Goldman said.
Pinnacle Foods (PF) was upgraded at Deutsche Bank to buy. Twelve-month price target is $37. Company is gaining share, improving productivity and trades at an attractive valuation, Deutsche said.
Procter & Gamble (PG) was downgraded at Canaccord Genuity to hold. Valuation call, based on a 12-month price target of $89.
Phillips 66 (PSX) was upgraded at Credit Suisse to outperform from neutral. Oil weakness creates entry point as lower prices do not affect longer-term forecasts, or management's ability to build a larger and higher multiple business in a few years, Credit Suisse said.