Exxon Mobil (NYSE:XOM) was downgraded to "neutral" from "buy" by brokers at Goldman Sachs and removed from the "Conviction Buy" list on Monday.
Meanwhile, Chevron (NYSE:CVX) was added to the list and upgraded to "buy" from "neutral." Both reported quarterly earnings Friday, prompting a sell-off in Exxon Mobil and a jump in Chevron shares.
Exxon Mobil shares closed down 1.7% at $83.32 on Monday, while Chevron gained 0.9% to $104.75.
Department store standard bearer Macy's (NYSE:M) was upgraded to "buy" from "hold" by brokers at Deutsche Bank, which thinks the retailer has an opportunity to boost profit margins between now and the end of 2017. At the same time, Deutsche Bank downgraded rival retailer Nordstrom (NYSE:JWN), citing several factors including valuation.
Macy’s closed up 2.6% at $36.49 while Nordstrom ended down 1.3% at $52.00.
Analysts at Baird upgraded the heavy equipment maker Deere & Co (NYSE:DE) to "outperform" from "neutral," amid signs of improving demand and the view that results in the industry are likely to bottom out soon.
Deere shares ended up 1.3% at $88.30.
Walgreens Boots Alliance (NASDAQ:WBA) was rated "outperform" in new coverage by brokers at Wells Fargo, who think the drug store operator's increasing presence in prescription drugs will be helped by favorable demographic trends.
Walgreens shares closed up 2% at $82.73.