Cliffs Natural (CLF), Juniper (JNPR), Healthcare Realty Trust (HR), Ericsson (ERIC), J.C. Penney (JCP) , Wendy's (WEN) and Nucor (NUE) were upgraded or downgraded by analysts.
Juniper (JNPR) downgraded to Market Perform from Outperform at Morgan Keegan.Morgan Keegan downgraded Juniper citing disappointing guidance due to slowing service provider spending and the challenging macro environment. Price target lowered to $20 from $25.
Healthcare Realty Trust (HR) downgraded to Neutral from Outperform at RW Baird.Baird downgraded Healthcare Realty Trust based on valuation. Price target remains $22.
Ericsson (ERIC) upgraded to Buy from Hold at RBS.
J.C. Penney (JCP) upgraded to Overweight from Neutral at Piper Jaffray.Piper Jaffray upgraded J.C. Penney citing expectations for annual earnings growth of 30%-plus over the next three-to-five years. The firm raised its price target for shares to $50 from $29 following the company's analyst event.
Wendy's (WEN) downgraded to Neutral from Buy at UBS.UBS downgraded Wendy's citing slowing sales momentum and hamburger inflation. Price target lowered to $5.50 from $6.30.
Nucor (NUE) downgraded to Hold from Buy at Deutsche Bank.Deutsche Bank downgraded Nucor citing valuation and its view that steel prices are nearing a peak. The firm keeps a $47 price target for shares
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