Ascena Retail was downgraded to perform at Oppenheimer. The company is seeing lower traffic across the board, Oppenheimer said.
Columbia Sportswear (COLM - Get Report) was upgraded to buy from hold at Canaccord Genuity. $72 price target. The company is set up well for the second half of the year and margins should recover, Canaccord said.
HD Supply (HDS - Get Report) was downgraded to sector perform from outperform at RBC Capital. $35 price target. It will likely take several quarters to fix the supply chain and restore investor confidence, RBC said.
IAC/InterActive (IACI) was upgraded to outperform from sector perform at Wells Fargo. The valuation is more attractive, as the market is discounting the Match holdings, Wells said.
Wells Fargo (WFC - Get Report) was upgraded to overweight from equal-weight at Morgan Stanley. $53 price target. The valuation is more attractive, as the stock is trading at 11x earnings and offers a 3.5% dividend yield, Morgan Stanley said.