KLA-Tencor (KLAC - Get Report) was upgraded to outperform from neutral at Credit Suisse. $85 price target. The company should see higher foundry spending and deserves a higher multiple, Credit Suisse.
Liberty Media (LMCA) was upgraded to buy at Citigroup. $32 price target. Formula One purchase is a transformative deal, Citi said.
Under Armour (UA - Get Report) was initiated with a neutral trading at Nomura. $38 price target. The valuation isn't all that compelling, with shares valued at 50x expected 2017 earnings, Nomura said.
USG (USG) was upgraded to outperform at RBC Capital. The valuation is more attractive, based on a $34 price target, RBC said.