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Friday's analyst upgrades and downgrades Add to ...

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Inside the Market’s roundup of some of today’s key analyst actions

The “glass is half empty” for Stantec Inc. (STN-T, STN-N) after weaker-than-expected fourth-quarter 2015 results, said Raymond James analyst Ben Cherniavksy.

He downgraded his rating for the stock to “market perform” from “outperform.”

On Thursday, the Edmonton-based company reported earnings per share of 27 cents, below Mr. Cherniavsky’s 43-cent forecast and the consensus projection of 44 cents. It was also a 13-cent decline from the same quarter in 2014.

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