Market Overview

Equity Briefing: Upgrades and Downgrades for August 15th: PAA, PCCC, QCOM, QRE, RGR, RIMM, SHPG, SLCA, STNR


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:

Global Hunter Securities  upgraded shares of Plains All Amer (NYSE: PAA) from an accumulate rating to a buy rating. Global Hunter Securities now has a $94.00 price target on the stock, up previously from $84.00.

Raymond James  downgraded shares of Pc Connection Inc. (NASDAQ: PCCC) from a market perform rating to an underperform rating.

Evercore Partners  initiated coverage on shares of QUALCOMM, Inc. (NASDAQ: QCOM). They issued an overweight rating on the stock.

Wells Fargo & Co.  downgraded shares of QR Energy LP (NYSE: QRE) from an outperform rating to a market perform rating.

KeyBanc  downgraded shares of Sturm Ruger & Co Inc (NYSE: RGR) from a hold rating to an underweight rating.

Evercore Partners  initiated coverage on shares of Research In Motion (NASDAQ: RIMM). They issued an equal weight rating on the stock.

Barclays Capital  upgraded shares of Shire Plc. (NASDAQ: SHPG) from an equal weight rating to an overweight rating.

BB&T  initiated coverage on shares of US Silica Holdings Inc (NASDAQ: SLCA). They issued a buy rating on the stock and set a $17.00 price target.

Stephens  upgraded shares of Steiner Leisure Limited (NASDAQ: STNR) from an equal weight rating to an overweight rating.

Stifel Nicolaus  raised its price target on shares of Constellation Brands, Inc. (NYSE: STZ) from $32.00 to $36.00. They have a buy rating on the stock.

KeyBanc  downgraded shares of Smith & Wesson (NASDAQ: SWHC) from a buy rating to a hold rating.

BB&T  downgraded shares of Thompson Creek Metals Co Inc (NYSE: TC) from a buy rating to a hold rating.

Argus  downgraded shares of Integrys Energy Group, Inc. (NYSE: TEG) from a buy rating to a hold rating. They noted that the move was a valuation call.

Bank of America  downgraded shares of Vodafone (NYSE: VOD) from a buy rating to a neutral rating.

Bank of America  downgraded shares of Westar Energy, Inc. (NYSE: WR) from a buy rating to a neutral rating.

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Source: Equity Briefing via Thomson Reuters ONE

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