Analysts' Actions -- Fitbit, First Solar, Newmont Mining and More

RATINGS CHANGES

Amazon (AMZN) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: AMZN.

Arconic (ARNC) was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: ARNC.

Clear Channel Outdoor (CCO) was upgraded to hold from sell at Loop Capital. $5.50 price target. The valuation is more attractive, as the stock is down 16% since September, Loop said. 

Diplomat (DPLO) was downgraded to market perform from outperform at Leerink.$18 price target. The company is seeing higher PBM fees and lower Hepatitis C pricing, Leerink said. 

Fitbit (FIT) was downgraded to neutral from outperform at Wedbush. $10 price target. The company is seeing softer demand and lacks visibility, Wedbush said. 

Fitbit was downgraded to equal-weight at Morgan Stanley. $11 price target. Demand issues will take time to correct, Morgan Stanley said. 

Fitbit was downgraded to underweight from neutral at Piper Jaffray. $8 price target. Unit growth appears to have peaked, Piper said. 

First Solar (FSLR) was downgraded to perform from outperform at Oppenheimer. Analysts are moving to the sidelines until management completes its strategic review, Oppenheimer said. 

Itron (ITRI) was upgraded to outperform from perform at Oppenheimer. $60 price target. The company is seeing higher bookings and expanding margins, Oppenheimer said.  

Newmont Mining (NEM) was upgraded to overweight from neutral at JPMorgan. $43 price target. The company has lagged its peers and the sector is attractive given increased political uncertainty, JPMorgan said. 

Stericycle (SRCL) was downgraded to sell from neutral at Goldman Sachs. $60 price target. Consensus expectations remain too bullish, Goldman said. 

This article was written by a staff member of TheStreet.

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