Today's noteworthy downgrades include: Abengoa (ABGB) downgraded to Underperform from Neutral at Exane BNP Paribas... Arch Coal (ACI) downgraded to Market Perform from Outperform at Cowen... Berry Plastics (BERY) downgraded to Neutral from Conviction Buy at Goldman... Coach (COH) downgraded to Neutral from Overweight at JPMorgan... Demandware (DWRE) downgraded to Neutral from Buy at Mizuho... Diana Shipping (DSX) downgraded to Hold from Buy at Stifel... F5 Networks (FFIV) downgraded to Neutral from Buy at Buckingham... GP Strategies (GPX) downgraded on currency headinds, difficult comps at Roth Capital... ImmunoGen (IMGN) downgraded to Hold from Buy at Cantor... LINN Energy (LINE) downgraded on distribution suspension at RBC Capital... LinnCo (LNCO) downgraded to Sector Perform from Outperform at RBC Capital... Realogy (RLGY) downgraded to Neutral from Conviction Buy at Goldman... Sanmina (SANM) downgraded to Neutral from Buy at Goldman... Starz (STRZA) downgraded to Equal Weight following share strength at Morgan Stanley.

JPMorgan analyst Ken Goldman added Albertsons (ACI) to the firm's Analyst Focus List as a value idea and placed the stock on "Positive Catalyst Watch" following the fiscal Q4 earnings release. The "gap between the current share price and fair value is too wide," the analyst tells investors in a research note. The firm says its trimming of out-year estimates does not impair Albertsons' standalone value, which it estimates at $24 per share. JPMorgan continues to believe the stock's valuation discount to Kroger (KR) is too wide given the companies similarities. It also believes the probability that Albertsons gets bought has increased, given yesterday's announcement that additional stores and services will be sent C&S's way. The firm says the risk/reward for Albertsons stock "is becoming too appealing to ignore." It keeps an Overweight rating on the name with a $27 price target.