Analyst calls: Merck upgraded
Exelon is downgraded to 'hold,' and Jabil Circuit is initiated with a 'buy.'
Tuesday's noteworthy upgrades include:
- Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies
- GlaxoSmithKline (GSK) upgraded to Buy from Hold at Deutsche Bank
- Johnson Controls (JCI) upgraded to Outperform from Market Perform at Wells Fargo
- Kansas City Southern (KSU) upgraded to Market Perform from Underperform at BMO Capital
- Merck (MRK) upgraded to Buy from Hold at Jefferies
- Novo Nordisk (NVO) upgraded to Hold from Sell at Deutsche Bank
- PSEG (PEG) upgraded to Neutral from Underperform at Credit Suisse
- Texas Instruments (TXN) upgraded to Buy from Hold at Drexel Hamilton
- Broadcom (BRCM) downgraded to Neutral from Positive at Susquehanna
- Exelon (EXC) downgraded to Hold from Buy at Deutsche Bank
- Lloyds Banking (LYG) downgraded to Neutral from Buy at Citigroup
- Royal Bank of Scotland (RBS) downgraded to Sell from Neutral at Citigroup
- St. Jude Medical (STJ) downgraded to Sell from Hold at Canaccord
- EnerNOC (ENOC) downgraded to Neutral from Outperform at Credit Suisse
- Exelixis (EXEL) downgraded to Hold from Buy at Maxim
- Flextronics (FLEX) downgraded to Market Perform from Outperform at Raymond James
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The company plans to close stores and lay off employees, and says it needs to make some deeper changes.
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