Alnylam (ALNY) was downgraded to equal-weight from overweight at Morgan Stanley. $36 price target, given the failure of Revusiran, Morgan Stanley said.
Advanced Micro Devices (AMD) was initiated with an equal-weight rating at Barclays. $7 price target. It's a valuation call, with shares already up 142% on the year.
Fifth Third Bank (FITB) was downgraded to hold at Jefferies. The valuation is less attractive, based on a $22 price target.
Gap (GPS) was upgraded to hold from sell at Deutsche Bank. $24 price target. The company has a more favorable setup for the near- to medium-term, Deutsche said.
Blackhawk Network (HAWK) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $34 price target. Conversion to chip-based cards is taking longer than expected, analysts said.
IberiaBank (IBKC) was upgraded to overweight from neutral at Piper Jaffray. $78 price target. Earnings estimates were also upped, given higher expected mortgage growth, Piper said.
Range Resources (RRC) was upgraded to overweight from neutral at JPMorgan. $46 price target. The stock has lagged by 25% since May and has an attractive, low cost curve, JPMorgan said.