Automatic Data Processing (ADP) was upgraded to buy from neutral at Goldman Sachs. The company was also placed on the Conviction List. $114 price target. The industry has multiple growth tailwinds, Goldman said.
Apache (APA) was downgraded to market perform from outperform at Wells Fargo. The industry is facing higher service costs and slower efficiency gains, Wells said.
Charles River (CRL) was upgraded to neutral from sell at Goldman Sachs. The valuation is attractive, based on a $77 price target.
Diamond Offshore (DO) was downgraded to underperform from sector perform at RBC Capital. $22 price target. Drilling sector should continue to lag through 2017, RBC said.
Darden Restaurants (DRI) was downgraded to hold from buy at Deutsche Bank. $76 price target. Fundamentals have yet to catch up with the valuation, Deutsche said.
Duke Energy (DUK) was downgraded to underweight from neutral at J.P. Morgan. $77 price target. The company is facing multiple growth headwinds, J.P. Morgan said.
General Electric (GE) was upgraded to outperform at Bernstein. $40 price target. Expect more powerful growth with a simpler portfolio, Bernstein said.
Nordstrom (JWN) was downgraded to underweight from neutral at J.P. Morgan. $48 price target. Sales trends remain flattish and the company lacks near-term catalysts, J.P. Morgan said.
Coca-Cola (KO) was downgraded to equal-weight from overweight at Morgan Stanley. $45 price target. The company is facing sales growth headwinds both at home and abroad, Morgan said.
Eli Lilly (LLY) was upgraded to overweight from equal-weight at Morgan Stanley. $82 price target. The stock is not factoring in the company's margin potential, Morgan said.
MSG Networks (MSG) was downgraded to sell from hold at Loop Capital. $18 price target. The valuation is less attractive, following recent takeover speculation, Loop said.
Regeneron (REGN) was upgraded to buy from neutral at BTIG. $460 price target. Expect favorable outcomes for Wet AMD and DME, BTIG said.
Saia (SAIA) was upgraded to overweight at Keybanc. $55 price target. Northeast expansion could had $0.75 to $1 per share in earnings, Keybanc said.
Veeva (VEEV) was upgraded to outperform from market perform at JMP Securities. $51 price target. The stock has pulled back 11% and the Vault business can drive growth, JMP said.