OmniVision (OVTI), Manning & Napier (MN), Seadrill (SDRL), Amgen (AMGN), Clear Channel Outdoor (CCO) and Yandex (YNDX)were upgraded or downgraded by analysts.
Manning & Napier (MN) upgraded to Outperform from Market Perform at Keefe Bruyette.Keefe. Bruyette upgraded Manning & Napier with a $15.50 price target citing a more attractive risk/reward for shares.
Seadrill (SDRL) initiated with an Underperform at Bernstein.Bernstein believes Seadrill's valuation reflects unrealistic time expectations for the upcycle's duration. Target $33.
Amgen (AMGN) downgraded to Market Perform from Outperform at Bernstein.Bernstein downgraded Amgen based on valuation and looming competition in 2013. Price target is $76.
Clear Channel Outdoor (CCO) downgraded to Market Perform at Wells Fargo. Wells Fargo downgraded Clear Channel Outdoor to Market Perform from Outperform citing valuation and channel checks that indicate the outdoor business is stable but not improving. The firm lowered its price target range for shares to $14-$15 from $14-$16.
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