Array (ARRY - Get Report) was downgraded to market perform from outperform at Leerink Partners. $11 price target. The stock is up 246% since last June, but the company lacks near-term catalysts, Leerink said.
Disney (DIS - Get Report) was upgraded to overweight from equal-weight at Morgan Stanley. $124 price target. ESPN can accelerate revenue growth and management is keeping a tight lid on costs, Morgan said.
Madison Square Garden (MSG - Get Report) was upgraded to overweight from equal-weight at Morgan Stanley. $210 price target. The valuation is more attractive, as the company is trading at a 55% discount to private value, Morgan said.
Rowan (RDC) was downgraded to hold at Jefferies. $20 price target. The company will likely struggle to achieve consensus expectations in the coming quarters, Jefferies said.
WebMD (WBMD) was upgraded to buy at Citigroup. $65 price target. The company is leveraged to higher healthcare spending, Citi said.