Cabot Oil & Gas (COG) was upgraded to overweight at Barclays. $26 price target. The stock is down, despite improving fundamentals in the natural gas market, Barclays said.
CSX (CSX) was upgraded to outperform from market perform at BMO Capital. $55 price target. Activists can drive a CEO change and unlock value, BMO said.
Dish Network (DISH) was upgraded to overweight at Morgan Stanley. $75 price target. Mobile data consumption trends support higher spectrum valuation, Morgan Stanley said.
Liberty SiriusXM (LSXMK) was downgraded to equal-weight at Morgan Stanley. $39 price target. Growth is decelerating and the company is facing a new cash tax bill, Morgan said.
MetLife (MET) was upgraded to buy from hold at Deutsche Bank. $65 price target. The stock has pulled back 5% and near-term earnings expectations appear too low, Deutsche said.
Qualcomm (QCOM) was downgraded to neutral from buy at Nomura. $70 price target. The company is facing increased legal scrutiny, which could affect the pending NXPI deal, Nomura said.
Southwestern Energy (SWN) was upgraded to equal-weight at Barclays. $11 price target. Production growth is set to rebound 11% this year, Barclays said.
Verizon (VZ) was downgraded to market perform from outperform at Wells Fargo. Recent outperformance is likely not sustainable, given growth headwinds, Wells said.
Williams (WMB) was upgraded to buy from hold at Jefferies. The valuation is more attractive, based on a $33 price target.