Acadia (ACAD) was downgraded to market perform from outperform at Leerink Partners. $35 price target. The company will likely fall short of consensus revenue expectations, Leerink said.
CenturyLink (CTL) was downgraded to market perform from outperform at Wells Fargo. Legacy revenues are declining and the company lacks near-term catalysts, Wells said.
Community Health (CYH) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $14 price target. Earnings estimates were also cut, as the company is realizing lower margins, analysts said.
Edgewell Personal Care (EPC) was downgraded to hold from buy at Jefferies. $87 price target. Change in the chairman position adds near-term uncertainty to the thesis, Jefferies said.
International Paper (IP) was downgraded to hold at Jefferies. $47 price target. The company will likely be hurt by lower fluff pulp prices, Jefferies said.
SBA Communications (SBAC) was downgraded to neutral from overweight at JPMorgan. $115 price target. Domestic and international growth is slowing, JPMorgan said.
United Technologies (UTX) was downgraded to sector perform from outperform at RBC Capital. The valuation is less attractive, based on a $108 price target, RBC said.
Visteon (VC) was downgraded to equal weight at Barclays. $85 price target. The valuation is less attractive, with shares up 19% year-to-date, Barclays said.
Walmart (WMT) was initiated with an underperform rating at RBC Capital. $66 price target. The company is facing increased competition, especially online, RBC said.