Analysts' Actions -- Advanced Micro, Alnylam, Gap, Fifth Third and More

RATINGS CHANGES

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. 

Prudential Bancorp (PBIP) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: PBIP.

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. 

Twitter (TWTR) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: TWTR.
 

This article was written by a staff member of TheStreet.

 

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