Research Calls

FSLRNew York, August 2nd (TradersHuddle.com) – Following are some of the upgrades and downgrades before the market open.

 

Abercrombie & Fitch (NYSE: ANF) was downgraded to a Neutral from Outperform at Robert W. Baird. The firm slashed its target price to $32 from $55. A&F was also downgraded to a Neutral from Overweight at Piper Jaffray.

 

ArcelorMittal (NYSE: MT) was downgraded to a Neutral from Buy at Bank of America Merrill.

 

Devon Energy (NYSE: DVN) was downgraded to a Neutral from Outperform at Macquarie.

 

DryShips (NASDAQ: DRYS) was downgraded to a Hold from Buy at Deutsche Bank.

 

First Solar (NASDAQ: FSLR) was upgraded to Outperform from Neutral at Robert W. Baird. The firm bumped its target price to $30 from $25.

 

Fresenius Medical (NYSE: FMS) was downgraded to a Neutral at HSBC Securities.

 

Garmin (NASDAQ: GRMN) was upgraded to Outperform from Neutral at Wedbush.

 

Halozyme Therapeutics (NASDAQ: HALO) was downgraded to Underperform from Hold at Jefferies.

 

Hill-Rom (NYSE: HRC) was downgraded to a Neutral from Overweight at Piper Jaffray.

 

MGM Resorts (NYSE: MGM) was downgraded to a Neutral from Buy at Bank of America Merrill.

 

Owens Corning (NYSE: OC) was downgraded to Sector Perform from Outperform at RBC Capital.

 

PacWest Bancorp (NASDAQ: PACW) was upgraded to a Buy from Neutral at Sterne Agee. The firm set its target price at $28. 

 

Red Lion Hotels (NYSE: RLH) was upgraded to a Neutral from Underperform at Robert W. Baird. The firm set its target price at $7.

 

RenaissanceRe (NYSE: RE) was upgraded to a Hold from Sell at Deutsche Bank.

 

Resolute Forest Products (NYSE: RFP) was upgraded to a Hold from Reduce at TD Securities.

 

Veolia Environnement (NYSE: VE) was downgraded to a Neutral from Buy at Bank of America Merrill.

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