Walmart Downgraded, Procter & Gamble Upgraded, New Start for Alcoa

Walmart (WMT) downgraded, Procter & Gamble (PG) upgraded and Alcoa (AA) initiated in Thursday's Analysts' Actions. Walmart was downgraded at UBS to NEUTRAL from BUY. The price target was left unchanged at $91. The analysts at UBS note that shares rose 11% last month and says 'at this level, we think shares present equal upside and downside.' Alcoa is getting a strong start at Wells Fargo with an OUTPERFORM rating. The firm initiated coverage with a $23 price target. Wells Fargo thinks operations can continue to drive growth on midstream and downstream. Procter & Gamble was upgraded at Credit Suisse to OUTPERFORM from NEUTRAL. The price target was also increased to $105 from $90. The firm says the upgrade stems from its views Alcoa is 'improving operating efficiency in the face of currency and commodity headwinds.'