Analysts' Actions -- First Solar, Qualcomm, Red Hat, Zions and More

RATINGS CHANGES

Anchillion (ACHN) was upgraded to outperform from market perform at JMP Securities. $13 price target. Factor D program could drive significant upside, JMP said.

Endologix (ELGX) was upgraded to outperform from market perform at BMO Capital. $16 price target. TRIV integration is progressing well, BMO said.

First Solar (FSLR) was downgraded to hold from buy at Deutsche Bank. $44 price target. Earnings estimates were also cut, given a slower bookings ramp, Deutsche said.

Knight Transportation (KNX) was downgraded to neutral from outperform at Credit Suisse. $26 price target. Supply is high and there is increased uncertainty around consumer demand, Credit Suisse said.

Qualcomm (QCOM) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: QCOM.

Regions Financial (RF) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: RF.

Red Hat (RHT) was downgraded to equal-weight from overweight at Morgan Stanley. The valuation is less attractive, based on an $80 price target, Morgan Stanley said.

Zions (ZION) was upgraded to overweight from neutral at Piper Jaffray. $29 price target. The valuation is more attractive, as the company is trading at just 85% of its tangible book value, Piper said.

This article was written by a staff member of TheStreet.

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