Brown-Forman (BF.B) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $100 price target. The company is facing challenges in emerging markets, BofA/Merrill said.
Burlington Stores (BURL) was downgraded to neutral from buy at Citigroup. $58 price target. This was a valuation call, as the stock is up 30% year to date, Citi said.
DSW (DSW) was downgraded to neutral from outperform at Credit Suisse. A new analyst has a $26 price target. The current brand portfolio is missing fashion trends, said Credit Suisse.
H&R Block (HRB) was downgraded to neutral from outperform at Wedbush. $32 price target. Do not expect volume growth this tax season, Wedbush said.
H&R Block was downgraded to market perform from outperform at BMO Capital. $32 price target. Estimates were also cut, as the company is seeing a slow start to the tax season, said BMO.
Papa John's (PZZA) was downgraded to sector weight from overweight at Keybanc. Domestic sales may remain weak for longer, Keybanc said.
Qualcomm (QCOM) was downgraded to perform at Oppenheimer. A new analyst believes the company has structural challenges and lacks near-term catalysts, Oppenheimer said.
SBA Communications (SBAC) was downgraded to outperform from market perform at Wells Fargo. This was a valuation call, following market checks, Wells Fargo said.
Zimmer Biomet (ZBH) was downgraded to hold from buy at Argus. Sluggish orthopedics sales may carry into 2016, said Argus.