Analyst Moves: IBM, AGO

Evercore Partners (EVR) was downgraded today to neutral from buy by Bank of America/Merrill Lynch (BAC) due to a reduced sales pipeline. A $31 price target was issued. Shares are lower by about five percent. Constellation Brands (STZ) today had its numbers lowered by UBS (UBS) due to increased spending, taxes, and interest expenses. A ...

IBM (IBM) was downgraded to neutral from buy by Bank of America/Merrill Lynch (BAC) with a $215 [...]

Groupon (GRPN) was downgraded today by Bank of America/Merrill Lynch (BAC) from buy to neutral with a price target of $20, following a restatement of Q4 earnings. Shares are lower by about 14.6 percent. Exelis (XLS) was downgraded today by JP Morgan (JPM) to neutral based on valuation. Shares are lower by about two percent.

Assurant (AIZ) was downgraded today by Bank of America/Merrill Lynch (BAC) from buy to neutral, as the company has been facing increasing regulatory risk. A $45 price target was issued for the stock. Shares are lower by about 1.3 percent. Allscripts (MDRX) was downgraded today by JP Morgan (JPM) from overweight to neutral due to ...

Cliffs Natural (CLF) was downgraded today by Bank of America/Merrill Lynch (BAC) to neutral from buy with a price target of $60, as the company is leveraged to lower prices from iron ore. Shares are lower by about 6.25 percent. DryShips (DRYS) today had its numbers lowered by Jefferies (JEF) due to increased operating expenses. ...

Macerich (MAC) was downgraded today by Bank of America/Merrill Lynch (BAC) from buy to neutral with a price target of $62, as consumers have become more cautious with their spending. Shares are lower by about 1.1 percent. ConocoPhillips (COP) today had its estimates lowered by Jefferies (JEF) as the firm does not [...]

Bemis (BMS) was upgraded today by Bank of America/Merrill Lynch (BAC) to buy from underperform with a $36 price target, as defense stocks are attractive given the current outlook. Shares are higher by about 1.6 percent. Frontier Communications (FTR) was upgraded today by Bank of America/Merrill Lynch (BAC) to neutral from underperform with a price ...

ConocoPhillips (COP) was downgraded today by Bank of America/Merrill Lynch (BAC) to underperform as the stock price is approaching the $63 price target set by the firm. Shares are lower by about 3.3 percent. Arch Coal (ACI) today had its estimates reduced by Credit Suisse (CS) numbers were reduced at Credit Suisse due to lower ...