Equity Briefing: Upgrades and Downgrades for August 7th: LEAP, LEAP, LFL, LMNX, LSI, N, NGLS, NTAP, OIS, PCYC

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:

Robert W. Baird  downgraded shares of Leap Wireless LEAP from a neutral rating to an underperform rating. Their analysts now have a $3.00 price target on the stock, down previously from $6.00.

Hudson Square Research  downgraded shares of Leap Wireless LEAP from a buy rating to a hold rating. Their analysts now have a $5.00 price target on the stock, down previously from $15.00.

Bank of America  downgraded shares of Lan Airlines S.A. LFL from a neutral rating to an underperform rating.

Cowen  upgraded shares of Luminex LMNX from an underperform rating to a neutral rating.

Goldman Sachs  upgraded shares of LSI Co. LSI from a neutral rating to a buy rating. Goldman Sachs now has a $9.00 price target on the stock.

Nomura  initiated coverage on shares of NetSuite Inc. N. They issued a neutral rating on the stock.

Robert W. Baird  upgraded shares of Targa Resources Partners NGLS from a neutral rating to an outperform rating. Robert W. Baird now has a $46.00 price target on the stock, up previously from $45.00.

UBS AG  initiated coverage on shares of NetApp Inc. NTAP. They issued a buy rating on the stock and set a $45.00 price target.

Dahlman Rose  initiated coverage on shares of Oil States International, Inc. OIS. They issued a buy rating on the stock and set a $99.00 price target.

Lazard Capital  initiated coverage on shares of Pharmacyclics, Inc. PCYC. They issued a buy rating on the stock and set a $69.00 price target.

BMO Capital Markets  downgraded shares of Children's Place Retail Stores, Inc. PLCE from an outperform rating to a market perform rating.

Lazard Capital  initiated coverage on shares of Questcor Pharmaceuticals, Inc. QCOR. They issued a buy rating on the stock and set a $51.00 price target.

Lazard Capital  initiated coverage on shares of Regeneron Pharms REGN. They issued a neutral rating on the stock.

Sterne Agee  downgraded shares of Red Robin Gourmet Burgers Inc RRGB from a buy rating to a neutral rating.

Barclays Capital  downgraded shares of RBC Capital RY from an equal weight rating to an underweight rating.

Goldman Sachs  downgraded shares of Sanmina-SCI Co. SANM from a neutral rating to a sell rating. Their analysts now have a $8.00 price target on the stock.

Morgan Stanley  downgraded shares of Smithfield Foods, Inc. SFD from an equal weight rating to an underweight rating.

William Blair  initiated coverage on shares of Solera Holdings, Inc. SLH. They issued a market perform rating on the stock.

Credit Suisse  initiated coverage on shares of Splunk Inc SPLK. They issued an outperform rating on the stock and set a $40.00 price target.

Raymond James  upgraded shares of Stantec Inc STN from a market perform rating to an outperform rating. Raymond James now has a $36.00 price target on the stock, up previously from $32.00.

Stephens  upgraded shares of Tyson Foods, Inc. TSN from an equal weight rating to an overweight rating. Stephens now has a $19.00 price target on the stock, up previously from $14.00.

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