AMC Entertainment (AMC) was upgraded to outperform at RBC Capital Markets. The valuation is attractive, based on a $27 price target, RBC said.
Delek U.S. (DK) was downgraded to neutral from buy at Goldman Sachs. The company is seeing weak inland refining margins, Goldman said.
Fortune Brands Home (FBHS) was downgraded to neutral from outperform at Credit Suisse. The industry is facing cyclical headwinds and the stronger dollar remains a drag, Credit Suisse said.
Fortinet (FTNT) was downgraded to hold from buy at Deutsche Bank. $34 price target. Checks suggest the fourth quarter was softer than expected, Deutsche said.
Netsuite (N) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $80 price target. The industry is leveraged to slower macro growth, analysts said.
O'Reilly Automotive (ORLY) was upgraded to buy from neutral at Sterne Agree. $300 price target. The stock is attractive following a 15% pullback, Sterne said.
Regal Entertainment (RGC) was downgraded to sector perform at RBC Capital Markets. The valuation is no longer as attractive, based on a $19 price target, RBC said.
Red Hat (RHT) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $80 price target. The U.S. business will not likely be strong enough to offset weakness in the rest of the world, analysts said.