Columbia (COLM) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $52 price target. The analysts have a more cautious view for the industry, BofA/Merrill said.
Brinker (EAT) was downgraded to neutral from buy at Goldman Sachs. $51 price target. Analysts see risks to the casual dining market, especially in Texas, said Goldman.
General Dynamics (GD) was upgraded to buy from hold at Argus. $160 price target. The stock has pulled back to an attractive level, Argus said.
Newfield (NFX) was downgraded to neutral from buy at Goldman Sachs. This was a valuation call, based on a $41 price target, Goldman said.
ON Semiconductor (ON) was upgraded to buy from neutral at Citigroup. $13 price target. Fairchild acquisition can add 32% to earnings, Citi said.
QEP Resources (QEP) was upgraded to buy at Goldman Sachs. $19 price target. Improved oil assets should drive strong 2016 growth, said Goldman.
Sysco (SYY) was initiated with an outperform rating at Wells Fargo. The company appears to be in the early stages of a multi-year turnaround, said Wells.
Wendy's (WEN) was upgraded to buy from neutral at Goldman Sachs. The company also placed on the conviction buy list. $12.50 price target. Estimates were also increased. Company can generate a higher free cash flow yield.