Equity Briefing: Upgrades and Downgrades for July 26th: AMAG, ARMH, CAJ, CAT, CSH, JOY, LRCX, MIDD, MMP, MT, M

A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/arndailyr) and Equity Briefing:

Ladenburg Thalmann  raised its price target on shares of AMAG Pharmaceuticals, Inc. AMAG from $15.00 to $17.50. They have a buy rating on the stock.

Nomura  reiterated its neutral rating on shares of ARM Holdings plc ARMH.

Goldman Sachs  downgraded shares of Canon ADR CAJ from a buy rating to a neutral rating.

BMO Capital Markets  initiated coverage on shares of Caterpillar Inc. CAT. They issued a market perform rating on the stock.

Wells Fargo & Co.  downgraded shares of Cash America CSH from an outperform rating to a market perform rating.

BMO Capital Markets  downgraded shares of Joy Global Inc. JOY from an outperform rating to an underperform rating.

UBS AG  reiterated its buy rating on shares of Lam Research Co. LRCX.

BMO Capital Markets  initiated coverage on shares of The Middleby Corporation MIDD. They issued a market perform rating on the stock.

Credit Suisse  upgraded shares of Magellan Midstream MMP from a neutral rating to an outperform rating.

Credit Suisse  lowered its price target on shares of ArcelorMittal ADR MT to $21.00.

ISI Group  upgraded shares of Meritage Homes Co. MTH from a sell rating to a hold rating.

BMO Capital Markets  initiated coverage on shares of Navistar NAV. They issued an underperform rating on the stock.

Standpoint Research  downgraded shares of National-Oilwell Varco, Inc. NOV from a buy rating to a hold rating.

Sterne Agee  initiated coverage on shares of Prospect Global Resources Inc PGRX. They issued a buy rating on the stock and set a $5.00 price target.

BMO Capital Markets  initiated coverage on shares of Parker-Hannifin Co. PH. They issued a market perform rating on the stock.

Zacks  reiterated its neutral rating on shares of Rockwell Automation Inc ROK. They have a $66.00 price target on the stock.

BMO Capital Markets  initiated coverage on shares of Terex Co. TEX. They issued an outperform rating on the stock.

Nomura  reiterated its buy rating on shares of Varian Medical Systems VAR.

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