J.C. Penney (JCP - Get Report) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $12 price target. The company can improve the balance sheet with higher free cash flow, analysts said.
Minerals Technology (MTX - Get Report) was downgraded to neutral from overweight at JPMorgan. $76 price target. The company was also cut from the Analyst Focus list, as the valuation is less attractive with the stock now up 73% on the year.
Quintiles (Q) was downgraded to neutral from buy at Bank of America/Merrill Lynch. $89 price target. Its merger has increased execution risks, analysts said.