Archer Daniels Midland (ADM) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $40 price target. The company lacks near-term catalysts, said BofA/Merrill.
C.H. Robinson (CHRW) was downgraded to market perform from outperform at BMO Capital. This was a valuation call, based on a $74 price target, BMO said.
Ingersoll-Rand (IR) was upgraded to buy from neutral at Nomura. $68 price target. Margin has compressed, but the company is expanding margins and improving productivity, said Nomura.
Grand Canyon (LOPE) was upgraded to outperform from neutral at Credit Suisse. This was a valuation call, based on a $62 price target, said Credit Suisse.
Micron Technology (MU) was downgraded to reduce from neutral at Nomura. $8 price target. The company will continue to face increased DRAM competition, said Nomura.
Stratasys (SSYS) was downgraded to underweight from neutral at JPMorgan. $22 price target. This was a valuation call, as the stock is up 47% in the past five trading sessions, JPMorgan said.