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.
Newmont Mining (NEM - Get Report) 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.