Analysts' Actions -- AthenaHealth, Pandora, PayPal, PulteGroup and More

RATINGS CHANGES

Alliance Data (ADS) was downgraded to market perform at BMO Capital. The valuation is less attractive, based on a $235 price target, BMO said. 

AthenaHealth (ATHN) was downgraded to hold from buy at Deutsche Bank. $147 price target. Underlying performance metrics are disturbing, Deutsche said. 

Eldorado (EGO) was downgraded to neutral from outperform at Credit Suisse. $5.25 price target. The company is facing geopolitical headwinds, Credit Suisse said. 

Harman (HAR) was downgraded to sector weight at Pacific Crest. Checks indicate a shift in demand toward low-end products, Pac Crest said. 

IMS Health (IMS) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: IMS.

Nielsen (NLSN) was downgraded to market perform from outperform at BMO Capital. The valuation is less attractive, based on a $56 price target, BMO said. 

Nucor (NUE) was downgraded to hold at Berenberg. The valuation is less attractive, based on a $57.50 price target, Berenberg said. 

Pandora (P) was downgraded to underweight at Pacific Crest. Core economics have deteriorated, analysts said. 

Proofpoint (PFPT) was downgraded to sector weight at Pacific Crest. The valuation is less attractive since shares have surpassed the $70 price target.

PulteGroup (PHM) was upgraded to overweight from neutral at JPMorgan. $26 price target. The company can delivery above-average earnings growth and expand return on equity, JPMorgan said. 

Packaging Corp. (PKG) was downgraded to hold from buy at Deutsche Bank. $75 price target. The company lacks near-term catalysts, Deutsche said. 

Perrigo (PRGO) was upgraded at Deutsche Bank. $115 price target. The valuation is more attractive, with shares down 50% from the 2015 highs, Deutsche said. 

PayPal (PYPL) was downgraded to market perform at Wells Fargo. Earnings estimates were also cut, as the Visa deal may pressure funding costs and operating margins, Wells said. 

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

SVB Financial (SIVB) was downgraded to neutral from buy at DA Davidson. $102 price target. The company has an uncertain intermediate-term outlook, Davidson said. 

Southwestern Energy (SWN) was upgraded to neutral from underweight at JPMorgan. $14 price target. The company is producing more and spending less, JPMorgan said. 

This article was written by a staff member of TheStreet.

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