Market Overview

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. (NASDAQ: 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 (NASDAQ: ARMH).

Goldman Sachs  downgraded shares of Canon ADR (NYSE: CAJ) from a buy rating to a neutral rating.

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

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

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

UBS AG  reiterated its buy rating on shares of Lam Research Co. (NASDAQ: LRCX).

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

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

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

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

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

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

Sterne Agee  initiated coverage on shares of Prospect Global Resources Inc (NASDAQ: 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. (NYSE: PH). They issued a market perform rating on the stock.

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

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

Nomura  reiterated its buy rating on shares of Varian Medical Systems (NYSE: VAR).

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Source: Equity Briefing via Thomson Reuters ONE

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