Market Overview

Equity Briefing: Upgrades and Downgrades for August 16th: ODFL, PETM, PSA, SARA, SBAC, SINA, SPLS, ULTR, VPHM


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:

Longbow Research  initiated coverage on shares of Old Dominion (NASDAQ: ODFL). They issued a buy rating on the stock and set a $56.00 price target.

Wedbush  reiterated its outperform rating on shares of Petsmart  Inc (NASDAQ: PETM).

Jefferies Group  reiterated its hold rating on shares of Public Storage (NYSE: PSA).

C.K. Cooper  initiated coverage on shares of Saratoga Resources, Inc. Common Stock (NASDAQ: SARA). They issued a buy rating on the stock and set a $9.00 price target.

Citigroup  downgraded shares of SBA Communications Corp (NASDAQ: SBAC) from a buy rating to a neutral rating. Their analysts now have a $62.00 price target on the stock.

Jefferies Group  downgraded shares of Sina (NASDAQ: SINA) from a buy rating to a hold rating. Their analysts now have a $56.00 price target on the stock, down previously from $82.00.

Bank of America  upgraded shares of Sina (NASDAQ: SINA) from a neutral rating to a buy rating. Bank of America now has a $63.00 price target on the stock.

Citigroup  downgraded shares of Staples, Inc. (NASDAQ: SPLS) from a neutral rating to a sell rating. Their analysts now have a $10.00 price target on the stock, down previously from $15.00.

Goldman Sachs  reiterated its sell rating on shares of Staples, Inc. (NASDAQ: SPLS).

Jefferies Group  reiterated its buy rating on shares of Ultrapetrol Bahamas Ltd (NASDAQ: ULTR).

Caris & Co.  upgraded shares of ViroPharma Incorporated (NASDAQ: VPHM) from an average rating to an above average rating. Caris & Co. now has a $30.00 price target on the stock, up previously from $19.00.

Roth Capital  downgraded shares of Yucheng Technologies (NASDAQ: YTEC) from a buy rating to a neutral rating.

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Source: Equity Briefing via Thomson Reuters ONE

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