Here are Tuesday's top research calls, including new views on AthenaHealth, Chesapeake Energy, Urban Outfitters, William-Sonoma and more.
Airgas (ARG was downgraded from Overweight to Sector Weight at Keybanc. Stock has been strong, but the industrials are facing growth challenges.
AthenaHealth (ATHN was downgraded to Underweight at Barclays. $110 price target. Company's growth rate is likely unsustainable.
Chesapeake Energy (CHK - Get Report) was downgraded from Buy to Neutral at Sterne Agee CRT. Company is leveraged to lower gas prices.
Cooper (COO - Get Report) was downgraded from Outperform to Market Perform at Wells Fargo. Company has made some missteps and is facing currency pressure.
Fitbit (FIT - Get Report) was upgraded to Buy at Bank of America/Merrill Lynch. The company's platform play is beginning to pick up steam. $36 price target.
Five Below (FIVE - Get Report) was downgraded from Buy to Neutral at Sterne Agee. $30 price target. Company is seeing lower traffic and is not positioned well for the holiday season.
Hess (HES - Get Report) was downgraded from Outperform to Perform at Oppenheimer. Company will likely continue to spend more than it's earning.
Polaris (PII - Get Report) was downgraded to Neutral at Wedbush. $117 price target. Company is seeing lower sales demand.
Southwestern Energy (SWN - Get Report) downgraded from Neutral to Underperform at Sterne Agee CRT. $8 price target. Estimates also cut, given lower natural gas prices.
Urban Outfitters (URBN - Get Report) downgraded to Hold at Cantor Fitzgerald. $22 price target. Sales trends are worsening.
Urban Outfitters was downgraded to Sector Perform at RBC Capital. $23 price target. Company lacks sales and earnings visibility.
Darden (DRI - Get Report) estimates, target cut at BTIG. Shares now seen reaching $70. Estimates also reduced, given the real estate separation. Buy rating.
William-Sonoma (WSM - Get Report) numbers reduced at Wedbush. Shares of WSM now seen reaching $70. Estimates also cut, given higher promotional activity. Outperform rating.