On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Applied Micro Circuits (AMCC) downgraded to Market Perform at FBR Capital... CSX (CSX) downgraded to Neutral from Outperform at Macquarie... Southwestern Energy (SWN) downgraded to Market Perform from Outperform at BMO Capital... Steven Madden (SHOO) downgraded to Neutral from Buy at Citigroup... Teck Resources (TCK) downgraded to Sell from Neutral at Goldman... United Technologies (UTX) downgraded at Cowen... Walter Investment (WAC) downgraded to Market Perform from Outperform at FBR Capital... Whiting USA Trust (WHX) downgraded to Underperform at Raymond James... magicJack (CALL) downgraded to Hold from Buy at Canaccord.
Whiting USA Trust downgraded at Raymond James As previously reported, Raymond James downgraded Whiting USA Trust to Underperform from Market Perform. The firm downgraded shares based on rich valuation and a reduced distribution forecast.
CenturyLink price target raised to $42-$44 from $37-$39 at Wells Fargo Wells Fargo hiked its price target on CenturyLink after the company reported stronger than expected results. The firm thinks the company's results were solid, and it is upbeat about its free cash flow outlook. The firm keeps an Outperform rating on the shares.