Best Buy (BBY) was downgraded to neutral from outperform at Credit Suisse. $31 price target. Earnings estimates were also cut, given lower expected mobile sales, Credit Suisse said.
Compass Minerals (CMP) was downgraded to sector weight from overweight at Keybanc. The company is facing multiple growth headwinds, Keybanc said.
Salesforce (CRM) was initiated with an outperform rating at BMO Capital. $98 price target. The company should benefit from increased scale, BMO said.
Cisco Systems (CSCO) was downgraded to neutral from buy at Goldman Sachs. $32 price target. The company lacks near-term catalysts, Goldman said.
Mattress Firm (MFRM) was downgraded to sector weight from overweight at Keybanc. The consumer landscape is choppy and the company is losing market share to e-commerce competitors, Keybanc said.
Procter & Gamble (PG) was initiated with a buy rating at Jefferies. $95 price target. The company can return to 3%-plus organic sales growth in the coming years, Jefferies said.
Regal (RGC) was upgraded to outperform at RBC Capital. $23 price target. The company will likely return a large amount of excess cash to investors, RBC said.
Scana (SCG) was downgraded to underweight at Morgan Stanley. $67 price target. The financial outlook is weakening and the company can face further delays in nuclear construction, Morgan Stanley said.
Tesoro (TSO) was downgraded to neutral from outperform at Credit Suisse. $90 price target. Industry supply continues to outpace demand, Credit Suisse said.
US Steel (X) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $18 price target. Expect higher sheet pricing and more stable earnings, analysts said.