Market Overview

Equity Briefing: Upgrades and Downgrades for August 21st: ABB, ACOR, AMRE, ARCT, ARUN, AUXL, BID, BSFT, BXP


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:

Deutsche Bank  downgraded shares of ABB Ltd (NYSE: ABB) from a hold rating to a sell rating. Their analysts now have a $15.00 price target on the stock, down previously from $17.50.

Aegis  initiated coverage on shares of Acorda Therapeutics Inc. (NASDAQ: ACOR). They issued a buy rating on the stock and set a $32.00 price target.

Robert W. Baird  initiated coverage on shares of AmREIT Inc (NASDAQ: AMRE). They issued an outperform rating on the stock and set a $17.00 price target.

Robert W. Baird  initiated coverage on shares of American Realty Capital Trust, Inc. (NASDAQ: ARCT). They issued a neutral rating on the stock and set a $12.00 price target.

Raymond James  initiated coverage on shares of Aruba Networks, Inc. (NASDAQ: ARUN). They issued a market perform rating on the stock.

Morgan Stanley  downgraded shares of Auxilium Pharma (NASDAQ: AUXL) from an equal weight rating to an underweight rating. Their analysts now have a $16.00 price target on the stock.

Williams Capital  downgraded shares of Sotheby's (NYSE: BID) from a hold rating to a sell rating. Their analysts now have a $23.00 price target on the stock, down previously from $28.00.

Raymond James  initiated coverage on shares of Broadsoft  Inc (NASDAQ: BSFT). They issued an underperform rating on the stock.

Jefferies Group  reiterated its hold rating on shares of Boston Properties (NYSE: BXP).

Roth Capital  downgraded shares of CIBER, Inc. (NYSE: CBR) from a buy rating to a neutral rating. Their analysts now have a $3.50 price target on the stock.

Jefferies Group  reiterated its positive rating on shares of Celgene (NASDAQ: CELG). They have a $81.00 price target on the stock.

Jefferies Group  reiterated its underperform rating on shares of CNOOC (NYSE: CEO).

Canaccord Genuity  raised its price target on shares of Continental Resources, Inc. (NYSE: CLR) from $89.00 to $94.00. They have a buy rating on the stock.

Wedbush  upgraded shares of Coventry Health Care, Inc. (NYSE: CVH) from an underperform rating to a neutral rating. Wedbush now has a $42.00 price target on the stock.

C.K. Cooper  initiated coverage on shares of Ducommun Incorporated (NYSE: DCO). They issued a buy rating on the stock.

Cowen  initiated coverage on shares of Del Frisco's Restaurant Group Inc (NASDAQ: DFRG). They issued an outperform rating on the stock.

Deutsche Bank  initiated coverage on shares of Del Frisco's Restaurant Group Inc (NASDAQ: DFRG). They issued a buy rating on the stock and set a $15.00 price target.

Guggenheim  downgraded shares of Diamond Offshore Drilling, Inc. (NYSE: DO) from a buy rating to a neutral rating. Their analysts now have a $77.00 price target on the stock.

Nomura  reiterated its buy rating on shares of Deutsche Telekom AG (NYSE: DT).

Societe Generale  downgraded shares of EnCana Co. (NYSE: ECA) from a hold rating to a sell rating.

Argus  downgraded shares of Edison International (NYSE: EIX) from a buy rating to a hold rating.

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

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