Equity Briefing: Upgrades and Downgrades for August 9th: SRCL, SRPT, STX, SWRAY, THS, TOL, TRMB, TX, ULTA

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:

Raymond James  initiated coverage on shares of Stericycle Inc SRCL. They issued an outperform rating on the stock.

WBB Securities  initiated coverage on shares of Sarepta Therapeutic SRPT. They issued a hold rating on the stock and set a $8.00 price target.

Lazard Capital  initiated coverage on shares of Seagate STX. They issued a buy rating on the stock and set a $38.00 price target.

Nomura  initiated coverage on shares of Swire Pacific Ltd. SWRAY. They issued a reduce rating on the stock.

SunTrust  downgraded shares of TreeHouse Foods Inc. THS from a buy rating to a neutral rating.

Stephens  downgraded shares of TreeHouse Foods Inc. THS from an overweight rating to an equal weight rating. Their analysts now have a $54.00 price target on the stock.

JPMorgan Chase  downgraded shares of Toll Brothers, Inc. TOL from a neutral rating to an underweight rating. Their analysts now have a $31.50 price target on the stock, up previously from $30.00.

Lazard Capital  initiated coverage on shares of Trimble Navigation TRMB. They issued a buy rating on the stock and set a $58.00 price target.

HSBC  initiated coverage on shares of Ternium S.A. TX. They issued an overweight rating on the stock.

Goldman Sachs  initiated coverage on shares of Ulta Salon, Cosmetics & Fragrance, Inc. ULTA. They issued a buy rating on the stock and set a $105.00 price target.

Sanford C. Bernstein  downgraded shares of United Microelectronics Corp UMC from a market perform rating to an underperform rating.

Needham & Company  upgraded shares of Warner Chilcott WCRX from a hold rating to a buy rating. Needham & Company now has a $20.00 price target on the stock.

Lazard Capital  initiated coverage on shares of Western Digital WDC. They issued a buy rating on the stock and set a $50.00 price target.

Deutsche Bank  downgraded shares of Boingo Wireless Inc WIFI from a buy rating to a hold rating.

Global Hunter Securities  downgraded shares of Crosstex Energy LP XTEX from an accumulate rating to a neutral rating.

Raymond James  upgraded shares of Yadkin Valley Financial Corp. YAVY from an underperform rating to a market perform rating.

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