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