Equity Briefing: Upgrades and Downgrades for July 23rd: GDI, GDI, GEN, HXL, ILMN, IMAX, KBH, KGC, LGND, LHO, L

A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:

Janney Montgomery Scott downgraded shares of Gardner Denver GDI from a buy rating to a neutral rating.

Credit Suisse upgraded shares of Gardner Denver GDI from a neutral rating to an outperform rating.

Macquarie upgraded shares of RRI Energy, Inc. GEN from a neutral rating to an outperform rating.

RBC Capital downgraded shares of Hexcel Co. HXL from an outperform rating to a sector perform rating.

Leerink Swann upgraded shares of Illumina, Inc. ILMN from a market perform rating to an outperform rating.

Goldman Sachs initiated coverage on shares of Imax Corporation IMAX. They issued a buy rating on the stock.

Goldman Sachs upgraded shares of KB Home KBH from a neutral rating to a buy rating.

Macquarie downgraded shares of Kinross Gold Corp KGC from an outperform rating to a neutral rating.

Cantor Fitzgerald raised its price target on shares of Ligand Pharmaceutica LGND from $19.00 to $24.00. They have a buy rating on the stock.

Goldman Sachs downgraded shares of LaSalle Hotel Properties LHO from a buy rating to a neutral rating.

Leerink Swann upgraded shares of Luminex LMNX from a market perform rating to an outperform rating.

Citigroup upgraded shares of The Mosaic Company MOS from a neutral rating to a buy rating. Citigroup now has a $66.00 price target on the stock, up previously from $62.00.

Tudor Pickering initiated coverage on shares of Marathon Petroleum MPC. They issued a buy rating on the stock.

Barclays Capital upgraded shares of NRG Energy, Inc. NRG from an equalweight rating to an overweight rating.

Goldman Sachs downgraded shares of NVR, Inc. NVR from a neutral rating to a sell rating.

Sanford C. Bernstein downgraded shares of Onyx Pharmaceuticals, Inc. ONXX from an outperform rating to a market perform rating.

Deutsche Bank reiterated its buy rating on shares of Onyx Pharmaceuticals, Inc. ONXX.

Jefferies Group upgraded shares of Onyx Pharmaceuticals, Inc. ONXX from a hold rating to a buy rating.

KeyBanc downgraded shares of Penn National Gaming PENN from a buy rating to a hold rating.

B. Riley downgraded shares of Pervasive Software Incorporated PVSW from a buy rating to a neutral rating.

Leerink Swann initiated coverage on shares of Questcor Pharmaceuticals, Inc. QCOR. They issued an outperform rating on the stock.

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