Alcatel-Lucent (ALU) , SandRidge Energy (SD), Pinnacle Financial (PNFP), Lockheed Martin (LMT), HEICO (HEI), NetApp (NTAP), InvenSense (INVN), Andersons (ANDE), Constellation Energy (CEG), FirstEnergy (FE) were upgraded or downgraded by analysts.
Alcatel-Lucent (ALU) downgraded to Neutral from Buy at Natixis.
SandRidge Energy (SD) downgraded to Sector Perform from Outperform at RBC Capital.RBC Capital downgraded SandRidge citing relative valuation. Price target is $10.
Pinnacle Financial (PNFP) downgraded to Hold from Buy at Wunderlich.Wunderlich downgraded Pinnacle Financial citing valuation and maintains a $17 price target for shares.
Lockheed Martin (LMT) downgraded to Underperform from Sector Perform at RBC Capital.RBC Capital downgraded Lockheed citing declining Department of Defense budget outlook and lack of visibility. Price target raised to $80 from $74.
HEICO (HEI) downgraded to Sector Perform from Outperform at RBC Capital.RBC Capital downgraded HEICO citing relative valuation and concerns the company will make an acquisition outside the PMA area. Price target lowered to $62 from $67.
NetApp (NTAP) downgraded to Neutral from Outperform at Credit Suisse.Credit Suisse downgraded NetApp citing its recent survey that indicates expectations for slower growth in the mid-range and changing competitive dynamics. Price target lowered to $42 from $50.
InvenSense (INVN) initiated with an Outperform at Oppenheimer Target $13.
Andersons (ANDE) downgraded to Hold from Buy at BB&T BB&T downgraded Andersons based on valuation.
Constellation Energy (CEG) downgraded to Hold from Buy at ISI Group.
FirstEnergy (FE) downgraded to Hold from Buy at ISI Group.
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