AmerisourceBergen (ABC) was downgraded to market perform at Leerink Partners. $75 price target. The company will continue to face significant earnings risk into 2017, Leerink said.
Akorn (AKRX) was downgraded to sector perform at RBC Capital. $24 price target. The company lacks near-term visibility, RBC said.
Brown & Brown (BRO) was downgraded to underperform at BMO Capital. $37 price target. Margin contraction is weighing on earnings growth, BMO said.
Consolidated Communications (CNSL) was upgraded to buy at Drexel Hamilton. $26 price target. The stock has been weak following a strong quarter and the company offers an attractive 7% yield, Drexel said.
Cornerstone OnDemand (CSOD) was downgraded to underweight from neutral at JPMorgan. $25 price target. Revenue guidance will likely disappoint, given a shift in buyer habits, JPMorgan said.
Cornerstone OnDemand was also downgraded at Credit Suisse, to neutral from outperform. $35 price target. Earnings estimates were also cut, given the company's new guidance, Credit Suisse said.
Express Scripts (ESRX) was upgraded to hold from sell at Deutsche Bank. The valuation is more attractive, based on a $70 price target, Deutsche said.
Fluor (FLR) was downgraded to neutral from buy at DA Davidson. $52 price target. Higher project charges led to sharp earnings shortfall, Davidson said.
FMC (FMC) was upgraded to outperform from neutral at Credit Suisse. $57 price target. Earnings estimates were also increased, given lithium growth, Credit Suisse said.