Equity Briefing: Upgrades and Downgrades for August 8th: FOSL, GLCH, GRPN, GSIG, GTE, HCN, HMY, IAG, IHG

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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:

Benchmark Co.  raised its price target on shares of Fossil FOSL to $105.00.

Gleacher & Co.  downgraded shares of Gleacher & Company, Inc. GLCH from an outperform rating to a market perform rating.

Sterne Agee  downgraded shares of Groupon GRPN from a buy rating to a neutral rating.

Needham & Company  downgraded shares of Gsi Group Inc GSIG from a buy rating to a hold rating.

Raymond James  upgraded shares of Gran Tierra Energy Inc. GTE from an outperform rating to a strong-buy rating.

Stifel Nicolaus  upgraded shares of Health Care REIT HCN from a hold rating to a buy rating. Stifel Nicolaus now has a $64.00 price target on the stock.

CIBC  initiated coverage on shares of Harmony Gold Mining HMY. They issued an outperform rating on the stock.

Credit Suisse  downgraded shares of IAMGOLD Corp IAG from an outperform rating to a neutral rating.

SunTrust  downgraded shares of Intercontinental Hotels Group IHG from a buy rating to a neutral rating. Their analysts now have a $29.00 price target on the stock.

JPMorgan Chase  downgraded shares of Intercontinental Hotels Group IHG from an overweight rating to a neutral rating.

Citigroup  downgraded shares of Jive Software Inc (NASDAQ: jive) from a buy rating to a neutral rating. Their analysts now have a $21.00 price target on the stock.

Wells Fargo & Co.  upgraded shares of Jack Henry & Associates, Inc. JKHY from a market perform rating to an outperform rating.

CLSA  upgraded shares of Quicksilver Resources Inc KWK from an underperform rating to a buy rating. CLSA now has a $6.00 price target on the stock.

Credit Agricole  upgraded shares of Quicksilver Resources Inc KWK from an outperform rating to a buy rating.

DA Davidson  upgraded shares of MGE Energy Inc. MGEE from an underperform rating to a neutral rating. DA Davidson now has a $48.50 price target on the stock, up previously from $42.00. They noted that the move was a valuation call.

Morgan Stanley  downgraded shares of MGM Resorts MGM from an overweight rating to an equal weight rating. Their analysts now have a $12.00 price target on the stock.

Barclays Capital  upgraded shares of Mindray Medical International Limited MR from an equal weight rating to an overweight rating. Barclays Capital now has a $42.00 price target on the stock.

JPMorgan Chase  initiated coverage on shares of Nanometrics Inc NANO. They issued a neutral rating on the stock and set a $14.50 price target.

Piper Jaffray  raised its price target on shares of NetApp Inc. NTAP from $35.00 to $40.00. They have an overweight rating on the stock.

Goldman Sachs  initiated coverage on shares of OYO Geospace Co. OYOG. They issued a neutral rating on the stock and set a $120.00 price target.

UBS AG  downgraded shares of Verifone PAY from a buy rating to a neutral rating. Their analysts now have a $41.00 price target on the stock, up previously from $37.00.

Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at http://bit.ly/arndailyr





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Source: Equity Briefing via Thomson Reuters ONE

HUG#1632738
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