Analysts' Actions -- Aflac, Tesla, Under Armour, Urban Outfitters and More

RATINGS CHANGES

Aflac (AFL) was upgraded to overweight from neutral at JPMorgan. $75 price target. Consensus estimates have come down to a reasonable level and business in Japan remains strong, JPMorgan said. 

Lumentum (LITE) was downgraded to neutral from buy at MKM Partners. $50 price target. The company appears to be losing market share in China, MKM said. 

Universal Display (OLED) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: OLED.

Sunoco (SUN) was downgraded to sell at TheStreet Ratings. You can view the full analysis from the report here: SUN.

Terex (TEX) was upgraded to buy at Deutsche Bank. $37 price target. A pullback has created an attractive entry point, Deutsche said. 

Tri Pointe (TPH) was downgraded to hold at Deutsche Bank. $13 price target. The company has yet to monetize WRECO assets, Deutsche said. 

Tesla (TSLA) was downgraded to sell from neutral at Goldman Sachs. $185 price target. The Model 3 launch will likely be delayed, leading to higher free cash flow burn, Goldman said. 

Under Armour (UAA) was downgraded to reduce from neutral at Nomura. $16 price target. The valuation is unattractive, as growth is maturing, Nomura said. 

Urban Outfitters (URBN) was downgraded to sell at MKM Partners. $20 price target. Expect sales and margins to deteriorate at Anthropologie, MKM said. 

This article was written by a staff member of TheStreet.

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