Chipotle Mexican Grill (CMG - Get Report) was downgraded to sell from hold by Maxim Group. $350 price target. Positive comp-store sales and margin expansion will likely not occur until 2017, Maxim said.
Cisco Systems (CSCO - Get Report) was initiated with an outperform rating at RBC Capital Markets. $31 price target. The company is a market leader with a solid balance sheet and can continue to grow, RBC said.
Legg Mason (LM - Get Report) was upgraded to outperform from neutral at Credit Suisse. $49 price target. The valuation is more attractive, as the company is trading at a 35% discount to its peers, Credit Suisse said.
Mead Johnson (MJN) was upgraded to outperform from neutral at Credit Suisse. $100 price target. The company is expanding margins and is also a potential takeover target, Credit Suisse said.
West (WSTC) was downgraded to underweight at Barclays. $21 price target. The legacy business issues will likely linger, Barclays said.