Netflix (NFLX) , ADP (ADP), Meadowbrook (MIG), Valeant (VRX), E-Trade (ETFC) , Thomson Reuters (TRI) and Public Storage (PSA) were upgraded or downgraded by analysts.
ADP (ADP) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Automatic Data Processing citing valuation and keeps a $60-$62 target range for shares.
Meadowbrook (MIG) downgraded to Market Perform from Outperform at Keefe Bruyette.Keefe Bruyette downgraded Meadowbrook Insurance with an $11 price target citing valuation.
Valeant (VRX) downgraded to Neutral from Overweight at Piper Jaffray.Piper Jaffray downgraded Valeant Pharmaceuticals citing valuation and maintains a $54 price target for shares.
E-Trade (ETFC) downgraded to Neutral from Buy at Goldman
Goldman downgraded E-Trade following weaker than expected Q4 earnings, NIM pressure, and muted trading activity. Price target lowered to $9 from $10.
Thomson Reuters (TRI) downgraded to Sell from Neutral at Goldman.Goldman downgraded Thomson Reuters citing continued unfavorable end market trends in financial services and European exposure. Price target lowered to $25 from $28.
Public Storage (PSA) downgraded to Neutral from Buy at Citigroup.Citigroup downgraded Public Storage citing valuation and the playing out of catalysts. The firm raised its price target for shares to $133 from $124.
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