Autoliv (ALV) was downgraded to hold at Jefferies. $120 price target. The valuation is more attractive, as the company has limited earnings upside.
Cerner (CERN) was downgraded to equal-weight from overweight at Barclays. $52 price target. The company will struggle to achieve long-term sales guidance, Barclays said.
Covanta (CVA) was downgraded to equal-weight from overweight at Barclays. The valuation is less attractive, based on a $16 price target.
Genuine Parts (GPC) was upgraded to neutral from sell at Goldman Sachs. $105 price target. Earnings growth is likely to resume, Goldman said.
Netscout (NTCT) was downgraded to sector perform at RBC Capital. $31 price target. The company will likely face lumpy service provider spending, RBC said.
Panera Bread (PNRA) was upgraded to buy from neutral at Goldman Sachs. Delivery growth should help offset other potential headwinds, Goldman said.
Target (TGT) was downgraded to sell from neutral at Goldman Sachs. $67 price target. The company is likely to see stagnant to lower earnings, which will weigh on valuation, Goldman said.
Tesla (TSLA) was upgraded to overweight from equal-weight at Morgan Stanley. $305 price target. Analysts are expecting a shorter delay for the Model 3, Morgan Stanley said.
U.S. Steel (X) was downgraded to neutral from buy at Citigroup. The sector has rallied 68% in the past three months and steel prices will likely decline in the second half of the year due to higher inventory, Citi said.