Anadarko Petroleum (APC) was initiated with a buy rating at Drexel Hamilton. $108 price target. Deep-water expertise can create long-term growth, Drexel said.
Biogen (BIIB) was downgraded to neutral at Citigroup. $295 price target. Removing Lingo from the model, given poor clinical trials, Citi said.
Capital One (COF) was downgraded to underperform from neutral at Sterne Agee. $67.50 price target. All business lines are challenged and the company is exposed to energy lending, Sterne said.
Dover (DOV) was upgraded to outperform from neutral at Robert Baird. $86 price target. The energy business is showing signs of stabilization, Robert Baird said.
Liberty Media (LMCA) was downgraded to hold from buy at Deutsche Bank. The valuation is less attractive, based on a $23 price target, Deutsche said.
VeriFone (PAY) was downgraded to equal-weight from overweight at Barclays. $23 price target. The company lacks near-term visibility, Barclays said.
VeriFone was downgraded to sector-weight at Pacific Crest. The company cut guidance and is facing pricing and macro pressures in emerging markets, Pac Crest said.