Amarin Corp. PLC (NASDAQ: AMRN) is getting crushed by about 60% after confirming that an FDA panel voted nine to two against its Vascepa. Shares have been downgraded at Canaccord Genuity, SunTrust, J.P. Morgan and other firms.
ASML Holding N.V. (NASDAQ: ASML) was downgraded to Neutral from Overweight by HSBC.
Best Buy Co. Inc. (NYSE: BBY) was raised to Outperform from Perform with a $50 price target (versus a $41.60 close) at Oppenheimer.
Cliffs Natural Resources Inc. (NYSE: CLF) was raised to Market Perform from Underperform and with a price target of $20.00 from $11.00 (versus a $22.48 close) at Cowen & Co.
Clorox Co. (NYSE: CLX) was downgraded to Underweight from Equal Weight at Morgan Stanley.
International Business Machines Corp. (NYSE: IBM) posted poor earnings and sales, and it is hitting a new 52-week low. Big Blue was downgraded to Neutral from Buy at UBS, and it was maintained as Underperform with a target price drop to $160 from $175 at Credit Suisse.
Jinko Solar Holding Co. Ltd. (NYSE: JKS) was raised to Outperform from Neutral and the price target was raised to $32 from $22 (versus a $23.29 close) at Credit Suisse.
Nexstar Broadcasting Group Inc. (NASDAQ: NXST) was reinstated as Outperform with a $52 price target (versus a $46.05 close) at Credit Suisse.
Omnicom Group Inc. (NYSE: OMC) was downgraded to Hold from Buy at Argus.
Pier 1 Imports Inc. (NYSE: PIR) was reiterated Buy with a $26 price target (versus a $20.15 close), based on attractive valuations, at Argus.
Salesforce.com Inc. (NYSE: CRM) was started with a Buy rating and a $63 target price at Argus.
SolarCity Corp. (NASDAQ: SCTY) was started as Overweight at J.P. Morgan.
Select Comfort Corp. (NASDAQ: SCSS) is down 25% after a weak forecast. The stock was downgraded to Neutral from Overweight at Piper Jaffray.
Stanley Black & Decker Inc. (NYSE: SWK) was downgraded to Neutral from Outperform at Credit Suisse and downgraded to Equal Weight from Overweight at Morgan Stanley.
Synalloy Corp. (NASDAQ: SYNL) was started with a Buy rating and $22 price target at Sterne Agee.
Xilinx Inc. (NASDAQ: XLNX) shares are lower by more than 4% after an earnings beat, but guidance disappointed. We have seen downgrades so far from Piper Jaffray and Raymond James, with a lower price target from Jefferies as well.
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Merrill Lynch has raised its targets on top oil and energy stocks, some significantly.
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