Deere (DE) downgraded to Market Perform from Outperform at Wells Fargo.Wells Fargo downgraded Deere citing row crop farmer cash flow concerns. The firm lowered its target range for shares to $90-$93 from $93-$96.
Teekay Tankers (TNK) upgraded to Outperform from Market Perform at Wells Fargo.Wells Fargo upgraded Teekay Tankers on expectations the company's follow-on offering positions it to complete a transformative transaction. The firm has a $5-$6 target range for shares.
Masco (MAS) downgraded to Neutral from Buy at Citigroup.Citigroup downgraded Masco citing the company's weak Paints division results in Q4 and management’s commentary about increased competition. The firm lowered its price target for shares to $12 from $14
Cimarex Energy (XEC) downgraded to Hold from Buy at Canaccord.Canaccord downgraded Cimarex based on valuation and rising drilling costs. Price target lowered to $84 from $85
Watsco (WSO) downgraded to Neutral from Buy at SunTrust.SunTrust downgraded Watsco based on valuation and reduced accretion from its Carrier JVs going forward.
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