Analysts' Actions -- Adobe, Macy's, Roper, Under Armour and More

RATINGS CHANGES

Adobe (ADBE) was upgraded to outperform from neutral at Credit Suisse. $150 price target. Expect continued momentum in the Creative Cloud business, Credit Suisse said. 

Autoliv (ALV) was upgraded to sector perform from underperform at RBC Capital. $99 price target. Expect the passive safety ramp to improve margins, RBC said. 

Ally Financial (ALLY) was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: ALLY.

Frank's (FII) was upgraded to hold from underperform at Jefferies. $11 price target. Deepwater concerns have passed and entry into the international market can boost revenue, Jefferies said. 

Fortive (FTV) was upgraded to outperform from neutral at JPMorgan. $66 price target. The company can continue to grow faster than its peers organically, JPMorgan said. 

Knight Transportation (KNX) was downgraded to underweight at Barclays. The valuation is less attractive, based on a $30 price target, Barclays said. 

Macy's (M) was downgraded to neutral from buy at Citigroup. $30 price target. There's limited confidence in a potential near-term turnaround in the business, Citi said. 

Minerals Technologies (MTX) was upgraded to overweight from neutral at JPMorgan. $80 price target. The valuation is more attractive, as the company is valued at a 7% free cash flow yield, JPMorgan said. 

Ellis Perry (PERY) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: PERY.

Planet Fitness (PLNT) was downgraded to neutral from outperform at Wedbush. $22 price target. The new analyst believes the company is facing moderating growth trends, Wedbush said. 

PVH Corp. (PVH) was upgraded to buy from neutral at Citigroup. $115 price target. The company can accelerate sales growth and is valued at just 12x expected 2019 earnings, Citi said. 

Roper (ROP) was downgraded to neutral from overweight at JPMorgan. $219 price target. The valuation is less attractive, as the company has outperformed its peers by 7% over the past three months, JPMorgan said. 

Swift (SWFT) was downgraded to equal-weight at Barclays. The valuation is less attractive, based on a $24 price target, Barclays said. 

Under Armour (UAA) was upgraded to buy at Jefferies. The company was also added to the Franchise Picks list. $27 price target. The brand has strengthened over time and industry demand is robust, Jefferies said. 

This article was written by a staff member of TheStreet.

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