Anthem (ANTM) was upgraded to outperform from market perform at Wells Fargo, as the business outlook is improving.
BB&T (BBT) was downgraded to market perform from outperform at BMO Capital. $45 price target. The valuation is less attractive, as the company lacks near-term catalysts, BMO said.
Amplify Snack (BETR) was downgraded to neutral from outperform at Credit Suisse. $13 price target. Earnings estimates were cut, given the company's new guidance, Credit Suisse said.
Amplify Snack was downgraded to perform from outperform at Oppenheimer. Earnings potential is weaker than feared, Oppenheimer said.
Chico's FAS (CHS) was downgraded to sector weight at Keybanc. The valuation is less attractive, with the stock up 25% over the past two weeks, Keybanc said.
El Paso Electric (EE) was downgraded to hold from buy at Jefferies. The valuation is less attractive, based on a $46.50 price target, Jefferies said.
Fortinet (FTNT) was upgraded to overweight from equal-weight at Morgan Stanley. $39 price target. The company is expanding margins and faces easy comparisons, Morgan Stanley said.
Harley-Davidson (HOG) was upgraded to sector perform from underperform at RBC Capital. $57 price target. Growth potential looks improved, RBC said.
Hertz (HTZ) was downgraded to equal-weight from overweight at Morgan Stanley. $30 price target. Earnings visibility is declining, Morgan Stanley said.
Packaging Corp. (PKG) was downgraded to market perform from outperform at BMO Capital. The valuation is less attractive, based on an $89 price target, BMO said.
Schlumberger (SLB) was upgraded to buy from hold at Jefferies. $96 price target. Earnings estimates were also increased, given an expected margin recovery, Jefferies said.
Transdigm (TDG) was upgraded to buy from hold at Deutsche Bank. $290 price target. The valuation is less attractive, following the recent selloff, Deutsche said.
Triumph (TGI) was downgraded to hold at Deutsche Bank. $30 price target. Turnaround will likely take longer than expected, Deutsche said.
Viacom (VIAB) was downgraded to market perform from outperform at FBR Capital. $44 price target. The analyst sees limited upside potential in a possible CBS deal, FBR said.