BlackBerry (NASDAQ:BBRY): In the wake of the company’s annual meeting, William Blair believes that BlackBerry is focusing on investing in the business rather than breaking it up, and that management commentary points to more near-term challenges. It keeps a Market Perform rating on the shares.
Schlumberger Ltd. (NYSE:SLB): RBC Captial isn’t expecting estimates for Schlumberger to be cut significantly below current levels and believes that the company’s U.S. land business has bottomed while its international offshore business continues to grow. RBC keeps an $85 price target and an Outperform rating on the stock.
Cliffs Natural (NYSE:CLF): BB&T upgraded Cliffs Natural to Buy from Hold, as the analyst believes that all options are now available to the company following the management and board changes announced yesterday. BB&T expects iron ore volumes to result in a second-quarter beat, and notes that the company has additional room to cut capex. The price target is set at $22.
Greenbrier (NYSE:GBX): Bank of America Merrill Lynch has downgraded Greenbrier to Underperform from Neutral because of production delays, moderating crude tanker orders, and lowered manufacturing targets. The price target was also lowered, to $20 from $25.