Updated from 8:56 a.m. EDT to include more ratings and earnings changes.
Change in Ratings
BE/Aerospace (BEAV) was upgraded from Hold to Buy at Canaccord Genuity. $60 price target. Earnings visibility is improving through 2017.
Borg Warner (BWA) was downgraded to Sector Perform at RBC Capital. $45 price target. Valuation call, as the company's growth is decelerating.
DreamWorks (DWA) was downgraded to Underperform at Bank of America/Merrill Lynch. $16 price target. Estimates also cut, with few major film releases expected.
Everbank (EVER) was downgraded from Buy to Underperform at Bank of America/Merrill Lynch. $19 price target. Company has above-average earnings volatility.
Imperva (IMPV) was upgraded from Hold to Buy at Topeka Capital. Company has robust earnings momentum. $80 price target.LinkedIn ( LNKD) was upgraded from Neutral to Buy at Sterne Agee. $300 price target. Company is seeing higher growth and deserves a premium valuation.
Olin (OLN) was upgraded from Sector Perform to Outperform at RBC Capital. $23 price target. Company has multiple potential catalysts.
ON Semiconductor (ON) was upgraded from Neutral to Outperform at Wedbush. $14 price target. Company should see higher demand in the coming quarters and is buying back more stock.
Pilgrims Pride (PPC) was upgraded to Outperform. $23 price target. Stock is down 35% year-to-date, but the company can continue to expand margins.
PPL (PPL) was upgraded from Hold to Buy at Deutsche Bank. $36 price target. Company boosted its earnings growth guidance.
Papa John's (PZZA) was downgraded to Sector Weight at Keybanc. Valuation call, as the stock has gained 31% year-to-date.
SolarCity (SCTY) was downgraded from Buy to Neutral at Goldman Sachs. Company was also removed from the Conviction List. $41 price target. Company lacks near-term visibility.
Vertex (VRTX) upgraded at HC Wainwright to Buy. $155 price target. Company has a sound strategy and should continue to execute well.
Stock Comments / EPS Changes
Borg Warner (BWA) was removed from the Priority Stock list at Wells Fargo. Company slashed its earnings expectations and will likely trade at a discount.
Expedia (EXPE) estimates, target raised at JMP Securities. Shares now seen reaching $165. Estimates also increased, given higher Orbitz synergies. Outperform rating.
Gap (GPS) estimates, target cut at Oppenheimer. Shares of GPS now seen reaching $28, according to Oppenheimer. Estimates also reduced, given higher forex pressures. Perform rating.
Starbucks (SBUX) estimates, target boosted at Credit Suisse. Shares of SBUX now seen reaching $61, according to Credit Suisse. Estimates also upped, given strong earnings momentum. Neutral rating.
Whole Foods (WFM) numbers cut at Jefferies. Shares of WFM now seen reaching $33, according to Jefferies. Estimates also reduced, given increased price competition. Hold rating.