Market Overview

Equity Briefing: Upgrades and Downgrades for August 14th: ARMH, ARW, AV, AVT, CYOU, DEG, DRTX, ELN, ENVI


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:

Evercore Partners  initiated coverage on shares of ARM Holdings plc (NASDAQ: ARMH). They issued an overweight rating on the stock.

Credit Agricole  initiated coverage on shares of Arrow Electronics, Inc. (NYSE: ARW). They issued an outperform rating on the stock.

Canaccord Genuity  downgraded shares of Aviva Plc (NYSE: AV) from a buy rating to a hold rating.

Credit Agricole  initiated coverage on shares of Avnet, Inc. (NYSE: AVT). They issued an outperform rating on the stock.

Citigroup  initiated coverage on shares of Changyou.com Ltd (NASDAQ: CYOU). They issued a buy rating on the stock and set a $32.90 price target.

Citigroup  upgraded shares of Delhaize Group (NYSE: DEG) from a neutral rating to a buy rating.

Credit Suisse  initiated coverage on shares of Durata Therapeutics Inc (NASDAQ: DRTX). They issued an outperform rating on the stock.

UBS AG  upgraded shares of Elan Corp. (NYSE: ELN) from a neutral rating to a buy rating.

Goldman Sachs  downgraded shares of Envivio Inc (NASDAQ: ENVI) from a buy rating to a neutral rating.

Deutsche Bank  downgraded shares of Envivio Inc (NASDAQ: ENVI) from a buy rating to a hold rating.

Stifel Nicolaus  lowered its price target on shares of Envivio Inc (NASDAQ: ENVI) from $12.00 to $6.00. They have a buy rating on the stock.

William Blair  downgraded shares of Envivio Inc (NASDAQ: ENVI) from an outperform rating to a market perform rating.

Stifel Nicolaus  downgraded shares of Expedia, Inc. (NASDAQ: EXPE) from a buy rating to a hold rating.

Citigroup  initiated coverage on shares of Giant Interactive Group (NYSE: GA). They issued a buy rating on the stock and set a $5.80 price target.

Citigroup  initiated coverage on shares of Shanda Games (NASDAQ: GAME). They issued a neutral rating on the stock.

Sidoti  downgraded shares of Gardner Denver (NYSE: GDI) from a buy rating to a neutral rating.

Stifel Nicolaus  downgraded shares of Global Payments Inc. (NYSE: GPN) from a buy rating to a hold rating.

Benchmark Co.  downgraded shares of Groupon (NASDAQ: GRPN) from a buy rating to a hold rating. Their analysts now have a $7.00 price target on the stock, down previously from $20.00.

Citigroup  downgraded shares of Groupon (NASDAQ: GRPN) from a buy rating to a neutral rating.

JPMorgan Chase  initiated coverage on shares of Huntington Ingalls (NYSE: HII). They issued a neutral rating on the stock.

Credit Agricole  initiated coverage on shares of Ingram Micro Inc. (NYSE: IM). They issued an underperform rating on the stock.

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#1633836

 

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