Assurant (AIZ) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $87 price target. The company is seeing a weaker outlook for its Solutions business, analysts said.
AMC Networks (AMCX) was downgraded to sector weight from overweight at Pacific Crest. The company is leveraged to secular advertising pressures, Pac Crest said.
American Express (AXP) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $68 price target. The company is seeing better billings and loan growth, in addition to premium card fees, analysts said.
Dynegy (DYN) was downgraded to sector perform at RBC Capital. $15 price target. Consensus expectations appear too high over the next several quarters, RBC said.
Expedia (EXPE) was upgraded to overweight at Pacific Crest. $160 price target. HomeAway is driving growth and the company has multiple potential earnings levers, Pac Crest said.
Kinder Morgan (KMI) was upgraded to outperform from neutral at Credit Suisse. $26 price target. The stock has pulled back, but the dividend will likely increase by mid-2018, Credit Suisse said.
Vail Resorts (MTN) was upgraded to outperform at Wells Fargo. The Whistler Blackcomb purchase should add materially to earnings, Wells said.
Select Comfort (SCSS) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $16 price target. The company posted another disappointing quarter and continues to face earnings risks, analysts said.