eBay (EBAY) was upgraded to buy from hold, Deutsche Bank said. $40 price target. The company is transitioning its platform, which historically has been a good time to buy an Internet stock, according to Deutsche.
Fitbit (FIT) was downgraded to underweight from sector weight Pacific Crest said. Checks indicate the company's new Charge 2 is seeing weaker initial sales, said Pacific Crest.
Intra-Cellular (ITCI) was downgraded to market perform from outperform JMP Securities said. Schizophrenia drug failed to prove effective in a Phase 3 trial.
Mantech (MANT) was downgraded to underperform from neutral, Credit Suisse said. This is a valuation call, based on a $36 price target, according to Credit Suisse.
Texas Roadhouse (TXRH) was downgraded to sector weight from overweight, Keybanc said. Labor costs are rising and the industry will likely struggle to raise interest rates in the coming months, according to Keybanc.