Analysts' Actions -- AK Steel, McKesson, Qualcomm, Twitter and More

RATINGS CHANGES

AK Steel (AKS) was upgraded to buy from hold at Jefferies. $6.25 price target. Domestic steel prices have bottomed and the company has cleaned up its balance sheet, Jefferies said. 

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

Bemis (BMS) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $54 price target. Earnings quality is declining, analysts said. 

Cardinal Health (CAH) was downgraded to neutral from outperform at Robert Baird. $82 price target. The company is facing increased competition, Baird said. 

California Water (CWT) was downgraded to underweight at Barclays. $28 price target. Earnings estimates were also cut, given a reduction to the base rate, Barclays said.  

GNC (GNC) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $13 price target. Business trends continue to decline and the analysts see a lower chance of a takeout. 

Coca-Cola (KO) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: KO.

L-3 Communications (LLL) was downgraded to hold at Drexel Hamilton. The valuation is less attractive, as growth is slowing, Drexel said. 

Level 3 Communications (LVLT) was upgraded to outperform at Oppenheimer. $60 price target. Possible CenturyLink deal would be attractive, Oppenheimer said. 

McKesson (MCK) was downgraded to market perform at Leerink Partners. $60 price target. Pricing is deflating because of increased competition, Leerink said. 

McKesson was downgraded to hold from buy at Deutsche Bank. $153 price target. The company cut guidance and lacks near-term visibility, Deutsche said. 

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