BOK Financial (BOKF) was downgraded to underperform at Wells Fargo. Earnings estimates were also cut, given higher credit costs, Wells said.
FirstEnergy (FE) was downgraded to sector perform at RBC Capital. $33 price target. The company is facing stiff regulatory pressure and will likely have to sell $2 billion of new equity, RBC said.
FirstEnergy was also downgraded by Jefferies, to hold from buy. $35 price target. The company is facing regulatory issues and may need to issue more equity, Jefferies said.
Hess (HES) was downgraded to neutral from outperform at Credit Suisse. The valuation is less attractive, based on a $65 price target, Credit Suisse said.
Infinera (INFN) was downgraded to neutral from buy at MKM Partners. $15 price target. The company's acquisition of Transmode is not performing as well as expected, MKM said.
Mantech (MANT) was downgraded to neutral from underperform at Credit Suisse. $26 price target. Organic growth has resumed at the company, Credit Suisse said.