Ameris (ABCB) was downgraded to neutral from overweight at Piper Jaffray. The valuation is less attractive, based on a $31 price target, Piper said.
3D Systems (DDD) was downgraded to hold from buy at Needham. The valuation is less attractive, now that shares are up 110% year-to-date, Needham said.
Denbury (DNR) was downgraded to sector weight at Keybanc. The company will likely endure multiple years of declining production, Keybanc said.
Flextronics (FLEX) was initiated with an outperform rating at JPMorgan. $15 price target. The company is improving margins, but trades at a discount to its peers, JPMorgan said.
Liberty SiriusXM (LSXMA) was initiated with a buy rating at Bank of America/Merrill Lynch. $44 price target. The company has multiple ways to improve valuation closer to net asset value, analysts said.
Medidata (MDSO) was downgraded to underperform at Jefferies. $36 price target. The core market is more mature than expected, Jefferies said.
Newmont Mining (NEM) was upgraded to outperform from sector perform at RBC Capital. $40 price target. The company should see higher production growth, RBC said.
Perrigo (PRGO) was downgraded to hold at Jefferies. $112 price target. The valuation is less attractive, given the company's new guidance, Jefferies said.
Range Resources (RRC) was downgraded to sector weight at Keybanc, based on a less attractive valuation.
US Bancorp (USB) was downgraded to hold at Deutsche Bank. $46 price target. The valuation is less attractive, as the company is trading at a premium to its peers, Deutsche said.