Analysts’ upgrades for Thursday, September 14th:

American Airlines Group (NASDAQ:AAL) was upgraded by analysts at BidaskClub from a strong sell rating to a sell rating.

Applied Industrial Technologies (NYSE:AIT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $66.00 price target on the stock. According to Zacks, “Over the last year, Applied Industrial’s shares outperformed the industry. The company reported better-than-expected fourth-quarter fiscal 2017 results. Quarterly adjusted earnings of 78 cents per share surpassed the Zacks Consensus Estimate by a penny. The company believes that robust upstream business, sturdy performance of the U.S. fluid power business, and superior customer servicing skills will likely bolster its top-line performance in the quarters ahead. Moreover, sound restructuring moves, greater productivity and increased cost discipline are projected to strengthen the company’s near-term bottom-line performances. Notably, the company remains committed towards its shareholders. Over the last 60 days Zacks Consensus Estimate for the stock moved north for both fiscal 2018 and 2019.”

Anthem (NYSE:ANTM) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $212.00 target price on the stock. According to Zacks, “Anthem’s shares have outperformed the industry in last one year. The company’s diverse product portfolio has helped in improving underwriting results. Anthem’s strategic acquisitions, divestitures and ACO arrangements further pave the way for long-term growth. Its rising level of medical membership continues to boost the top line. The company’s strong capital position backs effective capital deployment. Its frequent share buyback programs and regular dividend payments primarily aim at enhancing shareholders’ value. The company has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 60 days. Followed by strong results in first half of 2017, the company has raised the earnings and revenue guidance for 2017.”

Arcos Dorados Holdings (NYSE:ARCO) was upgraded by analysts at BidaskClub from a buy rating to a strong-buy rating.

Banc of California (NYSE:BANC) was upgraded by analysts at BidaskClub from a strong sell rating to a sell rating.

Blackline (NYSE:BL) was upgraded by analysts at BidaskClub from a buy rating to a strong-buy rating.

Eldorado Resorts (NASDAQ:ERI) was upgraded by analysts at BidaskClub from a buy rating to a strong-buy rating.

Fidelity National Financial (NYSE:FNFV) was upgraded by analysts at BidaskClub from a hold rating to a buy rating.

Gigamon (NYSE:GIMO) was upgraded by analysts at BidaskClub from a hold rating to a buy rating.

Heritage Insurance Holdings (NYSE:HRTG) was upgraded by analysts at BidaskClub from a sell rating to a hold rating.

Imax Corp (NYSE:IMAX) was upgraded by analysts at BidaskClub from a strong sell rating to a sell rating.

Mattel (NASDAQ:MAT) was upgraded by analysts at BidaskClub from a strong sell rating to a sell rating.

Magna International (NYSE:MGA) (TSE:MG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $55.00 target price on the stock. According to Zacks, “Zacks Consensus Estimate for Magna International for the third quarter earnings have been going up of late. The company is well positioned to benefit from its leading position in the industry as well as its operational efficiency and diverse product portfolio. Moreover, its expansion strategies in emerging markets and focus on innovation for strong growth are expected to have a positive impact on its financials. Further, Magna International expects notable growth opportunities of its business through acquisitions and collaborations. The company also undertakes regular capital deployments in order to enhance shareholder value.”

Mettler-Toledo International (NYSE:MTD) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $705.00 target price on the stock. According to Zacks, “Mettler-Toledo is a worldwide analytical instruments provider. The company reported better-than-expected second-quarter 2017 results, surpassing the Zacks Consensus Estimate on earnings and revenues. The results were driven by strong growth across all product lines and regions. The company’s growth initiatives-Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches – continued to deliver positive results. We remain positive about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company is expected to benefit from strong growth prospects in product inspection and services. However, seasonality, volatility in emerging market growth, foreign exchange risk and business concentration in China remain overhangs. Year to date, the stock has outperformed the industry it belongs.”

Murphy USA (NYSE:MUSA) was upgraded by analysts at BidaskClub from a strong sell rating to a sell rating.

Public Service Enterprise Group (NYSE:PEG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $51.00 price target on the stock. According to Zacks, “Public Service Enterprise’s consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company is also expanding its renewable assets. Further, its share price outperformed the broader industry in past one year. However, environmental issues, such as restrictions on carbon dioxide emissions and other pollutants produced by Public Service Enterprise’s fossil units, may enhance compliance-related costs for the company.”

Raytheon (NYSE:RTN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $204.00 target price on the stock. According to Zacks, “Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. In particular, its Patriot missile-defense systems have been seeing increased number of buyers, lately.  Also, Raytheon’s stock outperformed the broader industry on a year-to-date basis. Moreover, the company is a strong cash generator, which allows it to pay attractive dividend per share to its shareholders. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon.”

Sage Group PLC (OTCMKTS:SGPYY) was upgraded by analysts at Barclays PLC from an underweight rating to an equal weight rating.

J.M. Smucker Company (The) (NYSE:SJM) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Smucker’s shares have underperformed the industry on a year-to-date basis, due to unfavorable coffee volumes. Smucker also posted disappointing first-quarter fiscal 2018 results and slashed its earnings guidance for fiscal 2018. Both earnings and sales declined on a year over year basis due to lower coffee volumes, planned increases in commodity costs and higher marketing expense. In fact, the quarter marked the fifth straight quarter of sales decline in its coffee business. Heightened competition in the pet food business also remains a cause of concern. Nevertheless, the company has resorted to cost cuts amid the tough industry conditions to uplift its performance. Strong organic sales growth, product innovation and improving its position in the mainstream dog food category is driving volumes and is expected to drive profits.”

Smart Sand (NYSE:SND) was upgraded by analysts at BidaskClub from a sell rating to a hold rating.

The Travelers Companies (NYSE:TRV) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Travelers boasts a strong market position as one of the leading writers of auto and homeowners’ insurance and commercial U.S. property-casualty insurance. Its inorganic growth story remains impressive. It has been generating sufficient capital, which it prudently deploys to enhance shareholders’ value. Solid retention and a positive renewal rate change are positives. However, competitive property and casualty insurance market can challenge Travelers' growth prospects. Low interest rate environment and adverse foreign currency movements continue to weigh on written premiums, while exposure to catastrophe losses pose headwind for underwriting results. Also, it estimates $15–$20 million lower after-tax net investment income on a quarterly basis. Moreover, shares of Travelers underperformed the industry year to date. The company witnessed its 2017 and 2018 estimates moving south over the last 60 days.”

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