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.
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.