Citizens Financial (CFG) was downgraded to neutral from outperform at Wedbush. The valuation is less attractive, based on a $31 price target, Wedbush said.
Ellie Mae (ELLI) was downgraded to sector perform from outperform at RBC Capital. $90 price target. The company is leveraged to lower expected refinance activity, RBC said.
Freeport McMoRan (FCX) was downgraded to hold from buy at Deutsche Bank. The valuation is less attractive, based on a $12.50 price target, Deutsche said.
First Solar (FSLR) was upgraded to market perform from underperform at JMP Securities. The company is cutting costs to address lower revenue and downside potential is likely limited, JMP said.
KBR (KBR) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $20 price target. The company is leveraged to higher defense spending and is attractively valued, analysts said.
Lowe's (LOW) was downgraded to market perform from outperform at Telsey Advisory. $75 price target. The company is losing momentum to Home Depot, Telsey said.
NetApp (NTAP) was upgraded to buy from hold at Drexel Hamilton. $52 price target. The company continues to execute a successful business transition, Drexel said.
Oshkosh (OSK) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $62 price target. The valuation is less attractive, as the stock is trading at 21x expected 2017 earnings, analysts said.