American Axle (AXL) was downgraded to neutral from buy at Citigroup. The valuation is less attractive, based on a $24 price target.
Carter's (CRI) was upgraded to overweight from neutral at Piper Jaffray. $100 price target. The valuation is more attractive, as the stock is down 25% since August, Piper said.
Exelon (EXC) was upgraded to overweight from sector weight at Keybanc. $41 price target. Nuclear subsidies should help place a floor under the merchant exposure, Keybanc said.
PulteGroup (PHM) was upgraded to outperform from market perform at FBR Capital Markets. $26 price target. The company can continue to post solid growth in 2017, FBR said.
Zillow (Z) was upgraded to buy from hold at Stifel. $43 price target. The company appears to be raising prices, which should boost margins, Stifel said.