Comerica (CMA) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $70 price target. The company has strong earnings leverage to higher interest rates, analysts said.
Brinker (EAT) was downgraded to underperform at BMO Capital. The valuation is less attractive, based on a $45 price target.
Flowers Foods (FLO) was upgraded to equal-weight from sector weight at Keybanc. $23 price target. Expect more settlements and cost-cutting efforts from the company, Keybanc said.
General Mills (GIS) was downgraded to sector perform from outperform at RBC Capital. $69 price target. Earnings estimates were also cut, given accelerating volume declines, RBC said.
Heico (HEI) was upgraded to outperform from neutral at Credit Suisse. $86 price target. The company generates consistent free-cash flow, which should be augmented by recent acquisitions, Credit Suisse said.
Halyard (HYH) was downgraded to hold from buy at Deutsche Bank. $35 price target. 2017 will likely be another transitional year, Deutsche said.
MasterCard (MA) was upgraded to buy at Bank of America/Merrill Lynch. $120 price target. The company is a consistent grower and deserves a premium valuation, analysts said.
M&T Bank (MBT) was downgraded to underperform from neutral at Bank of America/Merrill Lynch. $155 price target. The company has limited relative earnings upside potential, analysts said.