AFLAC was upgraded to buy from neutral at Sterne Agee. $65 price target. Hedging, margin outlook and building free cash flow story, Sterne Agee said.
F5 Networks was downgraded from outperform to market perform, FBR Capital Markets said. $75 price target. Company may see lower demand from service provider and tech customers.
Raymond James Financial shares of RJF were downgraded to neutral from buy at Citi. Earnings drivers are more muted that previously anticipated, said Citigroup. Price target goes to $44.
Sunpower was upgraded from neutral to outperform at Baird. $16 price target. Analyst day should offer better transparency about the downstream business, Robert Baird said.
Windstream Windstream was downgraded to neutral at BofA/Merrill. $8 price target. Company lacks cash flow visibility, Bank of America/Merrill Lynch said.
AmerisourceBergen was downgraded from outperform to neutral at Baird. Valuation call, based on a $57 price target, Robert Baird said.
Alkermes was downgraded to underperform, Bank of America/Merrill Lynch said. Valuation call, based on a $29 price target.
Boston Scientific was upgraded from neutral to outperform at Credit Suisse. $8.75 price target. Estimates also boosted, as the company is returning to positive sales growth, Credit Suisse said.
Carpenter Technology Carpenter Technology was downgraded from overweight to neutral at JP Morgan. Valuation call, based on a $55 price target, JP Morgan said.
Greatbatch shares were downgraded to neutral given reduced revenue visibility, said Craig-Hallum. Price target is $31.
Hancock was downgraded from buy to hold, Wunderlich said. Core trends are bad across the board.
Lender Processing Lender Processing was upgraded from perform to outperform, Oppenheimer said. $36 price target. TD&A business can drive growth.
Petrologistics were downgraded to neutral/high risk from buy/high risk at Citigroup. Lower propylene prices are expected and valuation is fair on new estimates. Price target goes to $14.50.
PerkinElmer was downgraded from strong buy to buy at ISI. $36 price target. Company is seeing lower demand in environmental safety and industrial markets, in the EU and Japan.
Teradyne shares were upgraded to buy from neutral at UBS. The company is gaining share in the System on Chip test market due to its high exposure to mobility customers. Price target is $25.