Notable Analyst Rating Changes 8/23: (CF) (FBNC) (OA) Upgraded; (RMC) (FHN) (OAS) Downgraded

August 23, 2016 10:35 AM EDT

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UPGRADES
UBS upgrades CF Industries (NYSE: CF) from Neutral to Buy with a price target of $28. Click Here for more color.

Keefe, Bruyette & Woods moves First Bancorp (Nasdaq: FBNC) from Market Perform to Outperform with a price target of $24.

Wells Fargo lifts Orbital-ATK (NYSE: OA) from Market Perform to Outperform.

Nomura Securities raises Altisource Residential (NYSE: RESI) from Neutral to Buy and moves its price target from $11 to $15. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Jefferies downgrades ResMed (NYSE: RMD) from Hold to Underperform and moves its price target from $60 to $58. Click Here for more color.

Wells Fargo drops First Horizon National (NYSE: FHN) from Market Perform to Underperform.

BMO Capital lowers Oasis Petroleum (NYSE: OAS) from Outperform to Market Perform with a price target of $10.

Cleveland Research cuts Kroger (NYSE: KR) from Buy to Neutral.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Jefferies assumes coverage on Valero Energy (NYSE: VLO) with a Buy rating and a price target of $66. Click Here for more color.

Imperial Capital initiates United Continental (NYSE: UAL) with a Outperform rating and a price target of $57. Click Here for more color.

UBS starts Sealed Air (NYSE: SEE) with a Buy rating and a price target of $54. Click Here for more color.

Jefferies begins Phillips 66 (NYSE: PSX) with a Hold rating and a price target of $72. Click Here for more color.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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Keefe, Bruyette & Woods, UBS, Jefferies & Co, BMO Capital, Nomura, Notable Analyst Rating Changes, Dividend, Wells Fargo, Imperial Capital

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