Analysts' Actions -- Freeport, First Solar, Lowe's, Urban Outfitters and More

RATINGS CHANGES

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. 

Prosperity (PB) was downgraded to junderperform from neutral at Wedbush. The valuation is less attractive, based on a $58 price target, Wedbush said. 

QVC (QVCA) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $25 price target. The company can turn its sales around and deserves a higher multiple, analysts said. 

Range Resources (RRC) was upgraded to outperform at BMO. $44 price target The valuation is more attractive, as business fundamentals are improving, BMO said. 

Timken (TKR) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $40 price target. The valuation is less attractive, as the stock is up 35% year-to-date, analysts said. 

Urban Outfitters (URBN) was downgraded to equal-weight from overweight at Morgan Stanley. The valuation is less attractive, based on a $39 price target, Morgan Stanley said. 

This article was written by a staff member of TheStreet.

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