Qlik (QLIK) was downgraded to sector weight at Pacific Crest. Consensus expectations appear too optimistic, Pacific Crest said.
Smith & Wesson (SWHC) was downgraded to neutral from outperform at Wedbush Securities. The valuation looks less attractive, based on a $26 price target, Wedbush said.
Tyco (TYC) was downgraded to sector perform from outperform at RBC Capital Markets. $34 price target. The company has high cyclical exposure, said RBC.