RATINGS CHANGES

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.

Safety Insurance (SAFT) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: SAFT Ratings Report.

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.

U.S. Concrete (USCR) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: USCR Ratings Report.

 

This article was written by a staff member of TheStreet.