Today's noteworthy downgrades include: American Residential Properties (ARPI) downgraded to Neutral at Sterne Agee CRT... Anglo American (AAUKY) downgraded to Underperform from Hold at Jefferies... CACI (CACI) downgraded to Hold from Buy at BB&T... Catalent (CTLT) downgraded to Market Perform from Outperform at Raymond James... CorEnergy (CORR) downgraded to Neutral from Buy at BofA/Merrill... Electrolux AB (ELUXY) downgraded to Underweight from Equal Weight at Barclays... F5 Networks (FFIV) downgraded to Reduce from Neutral at Nomura... Finish Line (FINL) downgraded to Neutral from Overweight at Piper Jaffray... Foresight Energy (FELP) downgraded to Market Perform from Outperform at Cowen... Hancock Holding (HBHC) downgraded to Equal Weight from Overweight at Stephens... Independent Bank (IBTX) downgraded to Equal Weight from Overweight at Stephens... Jabil Circuit (JBL) downgraded on valuation, results outlook at Stifel... Kinder Morgan (KMI) downgraded to Sector Perform from Outperform at RBC Capital... LegacyTexas Financial (LTXB) downgraded to Equal Weight from Overweight at Stephens... Manpower (MAN) downgraded to Hold from Buy at Deutsche Bank... Norwegian Cruise Line (NCLH) downgraded to Sell from Neutral at Goldman... On Assignment (ASGN) downgraded to Hold from Buy at Deutsche Bank... RAIT Financial (RAS) downgraded on dividend reduction at JMP Securities... Robert Half (RHI) downgraded to Hold from Buy at Deutsche Bank... SKF AB (SKFRY) downgraded to Equal Weight from Overweight at Barclays... Sandvik AB (SDVKY) downgraded to Underweight from Equal Weight at Barclays... Smith & Wesson (SWHC) downgraded on valuation at RBC Capital... SunCoke Energy Partners (SXCP) downgraded to Underperform from Buy at BofA/Merrill... SunCoke Energy (SXC) downgraded to Underperform at BofA/Merrill.

Truist raised the firm's price target on CACI to $450 from $410 and keeps a Buy rating on the shares after its Q3 earnings beat. The stock's discount valuation reflects the perception of CACI as a sub-par organic grower despite the best trailing-12-month book-to-bill in the group, the analyst tells investors in a research note. CACI is one of the most interesting capital deployment stories, with net leverage down to 2.0-times and a long history of M&A value creation, the firm added.

Reports Q1 revenue $1.48B, consensus $1.49B. "Client and candidate caution continues to impact hiring activity and new project starts on a global basis. However, the trend toward stabilization that began in the second half of last year continued into the first quarter of this year," said CEO M. Keith Waddell. "Q1 results were largely in line with expectations, and we are encouraged that second-quarter earnings guidance, led by Protiviti, anticipates higher sequential earnings for the first time in seven quarters. We'd like to extend our gratitude to our employees across the globe, whose efforts made possible a number of recent prestigious accolades. Robert Half was among an elite few companies - and the only in our industry - to be honored as a Fortune Most Admired Company for 27 consecutive years. We were also recognized as one of Fortune's 100 Best Companies to Work For, Forbes America's Best Large Employers and, just this week, one of Forbes' Best Employers for Diversity".

Baird raised the firm's price target on ASGN to $104 from $99 and keeps a Neutral rating on the shares. The firm said they continue to do an excellent job of managing elements within its control maintaining very solid margins in a tepid, though relatively stable environment.

Consensus $20.31. Raises FY24 revenue view to $7.5B-$7.6B from $7.3B-$7.5B, consensus $7.4B.

Reports Q3 revenue $1.94B, consensus $1.86B. "CACI's outstanding performance reflects the continued successful execution of our strategy. We're winning and delivering in the marketplace with differentiated capabilities, exceptional business development, and program execution," said John Mengucci, CEO. "Our third quarter results were strong across the board, including double-digit organic growth, margin expansion, $3.5 billion of awards, and record backlog. Our performance enables us to again raise fiscal year 2024 revenue and earnings guidance. We remain confident in our ability to drive long-term growth, increase free cash flow, and generate value for our customers and our shareholders."

Piper Sandler downgraded Independent Bank to Underweight from Neutral with a price target of $38, down from $48. The bank's deposit costs were up another 19 basis points in Q1 and the expected net interest margin inflection was pushed out another quarter, the analyst tells investors in a research note. The firm believes Independent Bank "looks poised to underperform peers" from an overall profitability perspective. It thinks the shares will lag over the next 12 months until investors get some certainty into a Q4 of 2025 run-rate and the 2026 earnings potential of the franchise.