Market Overview

Equity Briefing: Upgrades and Downgrades for August 7th: AMRC, ARW, CBR, CIM, FE, FOSL, GES, IQNT, KCG, LEAP


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:

Wedbush  downgraded shares of Ameresco Inc (NASDAQ: AMRC) from an outperform rating to a neutral rating.

Knight  initiated coverage on shares of Arrow Electronics, Inc. (NYSE: ARW). They issued a buy rating on the stock and set a $48.00 price target.

Sidoti  downgraded shares of CIBER, Inc. (NYSE: CBR) from a buy rating to a neutral rating.

Wunderlich  upgraded shares of Chimera Investment Co. (NYSE: CIM) from a sell rating to a hold rating. Wunderlich now has a $2.50 price target on the stock.

ISI Group  downgraded shares of FirstEnergy Corp. (NYSE: FE) from a buy rating to a hold rating. Their analysts now have a $50.00 price target on the stock.

Citigroup  downgraded shares of Fossil (NASDAQ: FOSL) from a buy rating to a neutral rating. Their analysts now have a $100.00 price target on the stock, up previously from $88.00.

Standpoint Research  downgraded shares of Guess Inc (NYSE: GES) from a buy rating to a hold rating. They noted that the move was a valuation call.

BWS Financial  downgraded shares of Inteliquent (NASDAQ: IQNT) from a buy rating to a hold rating. Their analysts now have a $12.00 price target on the stock.

Craig Hallum  downgraded shares of Inteliquent (NASDAQ: IQNT) from a buy rating to a hold rating.

Sandler O'Neill  downgraded shares of Knight Capital Group Inc. (NYSE: KCG) from a buy rating to a hold rating. Their analysts now have a $3.25 price target on the stock.

National Securities  downgraded shares of Leap Wireless (NASDAQ: LEAP) from a buy rating to a neutral rating.

Piper Jaffray  raised its price target on shares of Grand Canyon Education Incorporated (NASDAQ: LOPE) from $26.00 to $28.00. They have an overweight rating on the stock.

Oppenheimer  reiterated its outperform rating on shares of Millennial Media, Inc. (NYSE: MM). They have a $17.00 price target on the stock.

Oppenheimer  initiated coverage on shares of Nordson (NASDAQ: NDSN). They issued an outperform rating on the stock and set a $64.00 price target.

Credit Suisse  downgraded shares of Philippine Long Distance Telephone (NYSE: PHI) from an outperform rating to a neutral rating.

CIBC World Markets  lowered its price target on shares of SNC-Lavalin Group Inc. (TSE: SNC) from $52.00 to $45.00. They have a sector perform rating on the stock.

CIBC World Markets  lowered its price target on shares of SNC-Lavalin Group Inc. (TSE: SNC) from $52.00 to $45.00. They have a sector perform rating on the stock.

CIBC World Markets  lowered its price target on shares of SNC-Lavalin Group Inc. (TSE: SNC) from $52.00 to $45.00. They have a sector perform rating on the stock.

MKM Partners  reiterated its neutral rating on shares of THQ Inc (NASDAQ: THQI). They have a $6.00 price target on the stock, down previously from $7.50.

RBC Capital  initiated coverage on shares of Tractor Supply Co. (NASDAQ: TSCO). They issued an outperform rating on the stock and set a $105.00 price target.

Wellington Shields  downgraded shares of Wisconsin Energy (NYSE: WEC) from a buy rating to a hold rating.

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Source: Equity Briefing via Thomson Reuters ONE

HUG#1632735

 

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