Accuray Inc. (NASDAQ: ARAY) was downgraded to Neutral from Overweight with a $6 price target (versus a $5.15 close) at JPMorgan.
Akamai Technologies Inc. (NASDAQ: AKAM) was raised to Outperform from Perform with an $80 price target (versus a $65.14 close) at Oppenheimer.
Crestwood Midstream Partners L.P. (NYSE: CEQP) was started with a Buy rating and assigned a $30 price target (versus a $23.50 close) at Goldman Sachs. The company has one of the 10% or so payout rates on a distribution yield equivalent, but it also has just a $21.29 consensus price target.
Kaiser Aluminum Corp. (NASDAQ: KALU) was downgraded to Neutral from Outperform at Macquarie.
Lazard Ltd. (NYSE: LAZ) was started as Underperform and given a $40 price objective (versus a $42.40 close) at Merrill Lynch. The firm sees a challenging near-term outlook and earnings in 2017 at 10% below consensus.
Marathon Oil Corp. (NYSE: MRO) was raised to Buy from Hold at Argus.
Moelis & Co. (NYSE: MC) was started with a Buy rating and assigned a $37 price objective (versus a $30.15 close) at Merrill Lynch.
NextEra Energy Partners L.P. (NYSE: NEP) was reinstated with a Buy rating and assigned a $27 price objective (versus a $24.96 close) at Merrill Lynch.
Omega Protein Corp. (NYSE: OME) was started with a Buy rating and assigned a $29 price target (versus $a 25.65 close) at Deutsche Bank.
OneMain Holdings Inc. (NYSE: OMF) was started as Buy and assigned a $29 price target (versus a $21.57 close) at Deutsche Bank.
PetroChina Co. Ltd. (NYSE: PTR) was raised to Neutral from Underperform at Credit Suisse.
Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) was raised to Neutral from Underperform and the price objective was raised to $54 from $45 at Merrill Lynch. The call is after a new chief financial officer announcement.
Sage Therapeutics Inc. (NASDAQ: SAGE) was raised to Strong Buy from Outperform with an $84 price target (versus a $48.07 close) at Raymond James.
Sarepta Therapeutics Inc. (NASDAQ: SRPT) was maintained as Hold at Jefferies, but the target was cut to $32 from $46 (versus a $31.82 close). The call was based on stronger payer pushback and slower uptake and launch for Exondys 51.
Universal Health Services Inc. (NYSE: UHS) was downgraded to Market Perform from Outperform at Raymond James.
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Merrill Lynch has raised its targets on steel stocks again.
Tuesday’s top analyst upgrades and downgrades included Amgen, Coca-Cola, IBM, Procter & Gamble, Viacom, SeaWorld, NovoCure and over a dozen more.