Genesco (GCO - Get Report) was upgraded to overweight from equal weight at Morgan Stanley. $81 price target. The company is turning its inventory over better, which should boost margins, Morgan Stanley said.
General Motors (GM - Get Report) was upgraded to outperform from neutral at Credit Suisse. $38 price target. Earnings estimates were also increased, as the company likely has more earnings power, Credit Suisse said.
Mead Johnson (MJN) was downgraded neutral from overweight at JPMorgan. $77 price target. Risks continue to build and management will likely have to lower guidance, JPMorgan said.
Newfield Exploration (NFX) was upgraded to outperform from market perform at Wells Fargo. The company has a strong balance sheet and continues to execute well, Wells said.
Pinnacle Foods (PF) was upgraded to outperform at BMO Capital. $50 price target. Focus is shifting toward future earnings power and is the top pick in the space, BMO said.
Syntel (SYNT) was upgraded to neutral from underweight at JPMorgan. The company is attractively valued and facing easier sales comps, JPMorgan said.
Under Armour (UA - Get Report) was downgraded to underweight at Morgan Stanley. $62 price target. The company appears to be losing market share with women and facing lower shoe pricing, Morgan Stanley said.
VF Corp. (VFC) was downgraded to underweight from equal weight at Morgan Stanley. $58 price target. The company is facing strong earnings headwinds, Morgan Stanley said.
Wyndham (WYN) was upgraded to hold from sell at Deutsche Bank. The valuation looks attractive, based on a $71 price target, Deutsche said.