AmerisourceBergen (ABC) was upgraded to overweight from equal-weight at Morgan Stanley. $89 price target. The industry should benefit from the election, Morgan said.
Franklin Resources (BEN) was downgraded to sell from hold at Deutsche Bank. The valuation is less attractive, based on a $35 price target, Deutsche said.
Chesapeake (CHK) was upgraded to hold from underperform at Jefferies. $5 price target. The company is on firmer financial footing, Jefferies said.
CSX (CSX) was downgraded to market perform at BMO Capital. $35 price target. There is excess capacity in the truck market and cost savings are likely to decelerate, BMO said.
Humana (HUM) was upgraded to overweight from neutral at JPMorgan. $202 price target. Underlying earnings power is improving, JPMorgan said.
IBM (IBM) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $185 price target. The company has multiple potential earnings levers, analysts said.
Northrop Grumman (NOC) was upgraded to overweight from equal-weight at Barclays. $270 price target. The company is leveraged to higher overall spending, Barclays said.
Oasis (OAS) was upgraded to buy from hold at Deutsche Bank. $16 price target. The company can benefit from lower crude oil prices, Deutsche said.