Analog Devices (ADI - Get Report) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $85 price target. The company is seeing faster organic sales growth, aided by accretion from the Linear deal, analysts said.
Abercrombie & Fitch (ANF - Get Report) was downgraded to sell from hold at Deutsche Bank. $13 price target. The valuation is less attractive, as the company is trading at a premium to American Eagle, Deutsche said.
Blackbaud (BLKB - Get Report) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $65 price target. The company is not likely to expand margins in the near term, analysts said.
Cognizant (CTSH - Get Report) was downgraded to market perform from outperform at William Blair. The company is facing sector headwinds and growth will likely continue to decelerate for the next couple of years, William Blair said.