Top Analyst Upgrades and Downgrades for Tuesday: Baker Hughes, Brocade, CenturyLink, Chevron, Juniper, National Oilwell Varco and Many More
Amec Foster Wheeler PLC (NYSE: AMFW) was downgraded to Equal Weight from Overweight at Barclays, and shares were last seen indicated down over 3% at $5.23 on Tuesday morning.
Bank of Montreal (NYSE: BMO) was started with a Neutral rating at Merrill Lynch.
L Brands Inc. (NYSE: LB) was downgraded to Neutral from Buy with a $70 price target (versus a $72.19 close) at Mizuho.
Level 3 Communications Inc. (NASDAQ: LVLT) is being acquired and so analysts are downgrading the stock. It was downgraded to Hold from Buy at Jefferies, to Sector Perform from Outperform at RBC and to Neutral from Buy at Goldman Sachs.
Mastercard Inc. (NYSE: MA) was downgraded to Neutral from Buy at Guggenheim.
Republic Services Inc. (NYSE: RSG) was started with a Neutral rating and was assigned a $52 price target (versus a $52.63 close) at Goldman Sachs.
Sangamo BioSciences Inc. (NASDAQ: SGMO) was downgraded to Neutral from Outperform with a $4 price target (versus a $3.55 close) at Wedbush Securities. The firm said that management’s overhaul solidifies its foundation but creates a pipeline gap and a lack of catalysts until 2018.
SVB Financial Group (NASDAQ: SIVB) was downgraded to Equal Weight from Overweight with a $130 price target (versus a $122.27 close) at Barclays.
Team Health Holdings Inc. (NYSE: TMH) was downgraded to Sector Perform from Outperform at RBC Capital Markets after news of it being acquired. It was cut to Hold at SunTrust Robinson Humphrey, and Wells Fargo downgraded it to Market Perform from Outperform.
Vale S.A. (NYSE: VALE) was raised to Neutral from Sell at Citigroup.
Waste Connections Inc. (NYSE: WCN) was started as Buy at Goldman Sachs.
Waste Management Inc. (NYSE: WM) was started with a Sell rating and assigned a $63 price target (versus a $65.66 close) at Goldman Sachs.
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