RATINGS CHANGES

KLX (KLXI) was upgraded to overweight from sector weight at Keybanc. $40 price target. The ESG unit has bottomed and the company is facing easier comps in the second half of the year, Keybanc said.

Owens-Illinois (OI - Get Report) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: OI.

PayPal (PYPL - Get Report) was initiated with an outperform rating at Oppenheimer. $43 price target. The company has strong growth prospects and is reasonably valued, Oppenheimer said.

Viacom (VIAB - Get Report) was upgraded to sector perform at RBC Capital. $45 price target. A management change seems inevitable, which will lift an overhang, RBC said.

This article was written by a staff member of TheStreet.