Jefferies upgraded Vivus (NASDAQ: VVUS) from Underperform to Hold with a price target of $31.00 (from $9.00).Shares of Vivus closed at $26.46 yesterday, with a 52 week range of $6.13-$29.99.
Longbow Research downgraded Caterpillar (NYSE: CAT) from Buy to Neutral.Shares of Caterpillar closed at $81.91 yesterday, with a 52 week range of $67.54-$116.95.
Argus initiates coverage on Phillips 66 (NYSE: PSX) with a Buy. PT $43.00.Shares of Phillips 66 closed at $36.69 yesterday, with a 52 week range of $28.75-$36.80.
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