Market Overview

Equity Briefing: Upgrades and Downgrades for August 22nd: AAPL, AAUKY, ACOR, ADI, AEM, AZPN, BBY, BMR, BMRN


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:

Needham & Company  raised its price target on shares of Apple, Inc (NASDAQ: AAPL) from $620.00 to $750.00. They have a buy rating on the stock.

JPMorgan Chase  downgraded shares of Anglo American plc (NASDAQ: AAUKY) from a neutral rating to an underweight rating.

Leerink Swann  reiterated its outperform rating on shares of Acorda Therapeutics Inc. (NASDAQ: ACOR).

Canaccord Genuity  raised its price target on shares of Analog Devices, Inc. (NYSE: ADI) from $42.00 to $45.00. They have a buy rating on the stock.

Jefferies Group  reiterated its hold rating on shares of Analog Devices, Inc. (NYSE: ADI).

Nomura  reiterated its neutral rating on shares of Analog Devices, Inc. (NYSE: ADI).

Global Hunter Securities  downgraded shares of Agnico-Eagle Mines Limited (NYSE: AEM) from a buy rating to a neutral rating. They noted that the move was a valuation call.

Canaccord Genuity  reiterated its buy rating on shares of Aspen Technology, Inc. (NASDAQ: AZPN).

Wedbush  downgraded shares of Best Buy Co., Inc. (NYSE: BBY) from a buy rating to an underperform rating. Their analysts now have a $14.50 price target on the stock.

Jefferies Group  reiterated its hold rating on shares of BioMed Realty Trust, Inc. (NYSE: BMR).

Robert W. Baird  reiterated its outperform rating on shares of Biomarin Pharm (NASDAQ: BMRN).

Citigroup  downgraded shares of Coca-Cola HBC S.A. (NYSE: CCH) from a neutral rating to an underweight rating.

Deutsche Bank  downgraded shares of CNOOC (NYSE: CEO) from a buy rating to a hold rating.

Oppenheimer  raised its price target on shares of Church & Dwight Co Inc (NYSE: CHD) from $58.00 to $63.00. They have an outperform rating on the stock.

RBC Capital  downgraded shares of Clearwire (NASDAQ: CLWR) from a sector perform rating to an underperform rating. Their analysts now have a $1.00 price target on the stock.

Wells Fargo & Co.  upgraded shares of CenterPoint Energy, Inc. (NYSE: CNP) from a market perform rating to an outperform rating. They noted that the move was a valuation call.

Feltl & Co.  initiated coverage on shares of Cirrus Logic, Inc. (NASDAQ: CRUS). They issued a buy rating on the stock and set a $46.00 price target.

Lazard Capital  upgraded shares of Canadian Solar Inc. (NASDAQ: CSIQ) from a sell rating to a neutral rating.

Credit Suisse  upgraded shares of Cemex SAB de CV (NYSE: CX) from a neutral rating to an outperform rating. Credit Suisse now has a $10.00 price target on the stock, up previously from $7.69.

Scotia Capital  upgraded shares of Cemex SAB de CV (NYSE: CX) from a sector perform rating to an outperform rating. Scotia Capital now has a $10.80 price target on the stock, up previously from $8.00.

Barclays Capital  initiated coverage on shares of Caesars Entertainment Co. (NYSE: CZR). They issued an underweight rating on the stock and set a $8.00 price target.

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Source: Equity Briefing via Thomson Reuters ONE

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