AMEC Foster Wheeler PLC (NYSE: AMFW) was raised to Buy from Neutral at Citigroup.

Biogen Inc. (NASDAQ: BIIB) was started with a Sell rating and assigned a $260 price target (versus a $291.10 close) at UBS.

Callon Petroleum Co. (NYSE: CPE) was raised to Buy from Neutral at Citigroup.

Canadian Natural Resources Ltd. (NYSE: CNQ) was started as Buy with a $47 price target (versus a $29.22 close) at Canaccord Genuity.

Celgene Corp. (NASDAQ: CELG) was started with a Buy rating and assigned a $140 price target (versus a $122.08 close) at UBS.

Embraer S.A. (NYSE: ERJ) was reiterated as Buy with a $27 target on its American depositary shares (versus a $23.76 close) at Merrill Lynch. The call was after the Brazilian plane-maker beat earnings and gave stronger than expected revenue guidance for 2017.

Guess Inc. (NYSE: GES) was downgraded to Underperform from Neutral at Mizuho.

Mercury Systems Inc. (NASDAQ: MRCY) was started as Overweight and the price target was set at $48 (versus a $37.37 close) at JPMorgan.

Orbital ATK Inc. (NYSE: OA) was raised to Outperform from Market Perform with a $108 price target (versus a $96.82 close) at Cowen.

Owens Corning (NYSE: OC) was reiterated as Buy and the price target was raised to $71 from $65 (versus a $59.99 close) at Jefferies.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was started as Buy with a $435 price target (versus a $381.37 close) at UBS.

Suncor Energy Inc. (NYSE: SU) was started as Buy with a $52 price target (versus a $30.00 close) at Canaccord Genuity.

Tech Data Corp. (NASDAQ: TECD) was raised to Buy from Hold with a $107 price target (versus an $89.87 close) at Needham.

Telefonica S.A. (NYSE: TEF) was raised to Buy from Hold at Deutsche Bank.

Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) was last seen trading higher after it reportedly has been raised to Buy from Neutral at Goldman Sachs. Investors should use caution here on the reversal because Goldman Sachs had cut its rating to Sell from Neutral back on January 19.

Travelport Worldwide Ltd. (NYSE: TVPT) was downgraded to Neutral from Buy and the target price was cut to $13 from $18 (versus a $12.10 close) at UBS.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Jefferies has increased its expectations for inflation. The firm said that the U.S. inflation picture has escalated in relatively short period from dormant to a state of “semi-perkiness” and its is calling for the Consumer Price Index to peak at 3.2% in the third quarter and hover near 3% thereafter. The firm warned that higher inflation has not been a good thing in the past for equity markets, as performance generally weakens as inflation rises. A faster pace of rising inflation could bring about more rate hikes, which also weakens returns.