FirstEnergy (FE - Get Report) was upgraded to overweight from equal-weight at Morgan Stanley. $41 price target. The valuation is more attractive, as the stock has lagged its peers by 12% year-to-date, Morgan Stanley said.
21st Century Fox (FOXA) was downgraded to equal-weight from overweight at Barclays. $29 price target. The company was also removed from the Top Picks list, given a lack of near-term catalysts, Barclays said.
Valley Nation (VLY - Get Report) was downgraded to neutral from overweight at Piper Jaffray. $9.50 price target. The company is facing higher costs, which is holding down margin expansion, Piper said.