AES (AES) was downgraded to equal-weight from overweight at Barclays. $12 price target. The company is facing increased competition, Barclays said.
CBOE (CBOE) was upgraded to outperform from market perform at Wells Fargo. The BATS acquisition should add 25% to earnings and create shareholder value, said Wells Fargo.
KBR (KBR) was upgraded to buy from hold at Deutsche Bank. $16 price target. A 10% selloff is overdone, despite a guidance cut, Deutsche said.
Las Vegas Sands (LVS) was upgraded to buy at Bank of America/Merrill Lynch. $63 price target. Consensus estimates will likely continue to move higher in the coming quarters, said BofA/Merrill.
PacWest Bancorp (PACW) was downgraded to market perform from outperform at Wells Fargo. This was a valuation call, following the recent run in the stock, Wells Fargo said.