CF Industries (CF - Get Report) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $29 price target. Investors should be cautious about near-term fundamentals, analysts said.
Johnson Controls (JCI - Get Report) was upgraded to outperform from neutral at Credit Suisse. $50 price target. The valuation is more attractive, as the market is giving little value to an Adient spinoff and Tyco synergies, Credit Suisse said.
Western Digital (WDC - Get Report) was upgraded to outperform from market perform at Cowen. $50 price target. Expectations are low and the company is expanding its total addressable market, Cowen said.