Analysts' Actions -- Danaher, Goldman Sachs, Goodyear, Wendy's and More

RATINGS CHANGES

Franklin Resources (BEN) was upgraded to hold from sell at Deutsche Bank. The valuation is more attractive, based on a $14 price target, Deutsche said. 

California Water (CWT) was downgraded to underperform from market perform at Wells Fargo. The valuation is less attractive, as earnings estimates are below consensus, Wells said. 

Danaher (DHR) was upgraded to buy from neutral at Citigroup. $98 price target. The company has strong operational momentum, Citi said. 

Goldman Sachs (GS) was downgraded to sell from hold at Berenberg. $190 price target. The valuation is less attractive, as the company is valued at 3x sales and 1.4x tangible book value, Berenberg said. 

Goodyear Tire (GT) was downgraded to hold at Jefferies. $38 price target. The company is facing margin headwinds, Jefferies said. 

Hewlett Packard Enterprise (HPE) was downgraded to market perform from outperform at BMO Capital. $24 price target. The company lacks near-term catalysts, BMO said. 

Intuit (INTU) was upgraded to outperform from neutral at Credit Suisse. $140 price target. Expect strong growth in the small business segment, Credit Suisse said. 

Lloyds Banking Group (LYG) was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: LYG.

Methanex (MEOH) was upgraded to outperform from market perform at Raymond James. $60 price target. The company is leveraged to higher methanol prices, RayJay said. 

Portola Pharma (PTLA) was upgraded to outperform at Oppenheimer. $40 price target. Sales forecasts are increasing for two key products, Oppenheimer said. 

Wendy's (WEN)  was upgraded to overweight from neutral at JPMorgan. $15 price target. Management is cutting costs across the board, JPM said. 

Wolverine World Wide (WWW) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: WWW.

This article was written by a staff member of TheStreet.

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