Juniper Networks (JNPR) was downgraded to sell from hold at Deutsche Bank. $21 price target. The valuation is less attractive, as the company faces structural headwinds, Deutsche said.
Noble (NBL) was upgraded to outperform from market perform at BMO Capital. $50 price target. The stock has lagged its peers, even though management is executing relatively well, BMO said.
Occidental Petroleum (OXY) was downgraded to market perform from outperform at BMO Capital. The valuation is less attractive, based on a $70 price target, BMO said.
AT&T (T) was downgraded to hold from buy at Deutsche Bank. $43 price target. Fundamental headwinds are increasing, Deutsche said.
Exxon Mobil (XOM) was downgraded to market perform from outperform at Wells Fargo. The company trades at a premium valuation and will likely struggle to find attractively valued assets to acquire, Wells said.