Market Overview

Equity Briefing: Upgrades and Downgrades for August 24th: MCRS, MCRS, MDR, MENT, MMS, MRK, MSFT, NKE, ONTY


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  reiterated its buy rating on shares of Micros Systems Inc (NASDAQ: MCRS).

Jefferies Group  reiterated its buy rating on shares of Micros Systems Inc (NASDAQ: MCRS).

Stephens  initiated coverage on shares of McDermott International (NYSE: MDR). They issued an overweight rating on the stock and set a $15.00 price target.

Needham & Company  reiterated its buy rating on shares of Mentor Graphics Corp (NASDAQ: MENT).

Canaccord Genuity  reiterated its buy rating on shares of Mentor Graphics Corp (NASDAQ: MENT).

JMP Securities  initiated coverage on shares of Maximus Inc (NYSE: MMS). They issued an outperform rating on the stock.

Bank of America  downgraded shares of Merck & Co Inc (NYSE: MRK) from a buy rating to a neutral rating. Their analysts now have a $45.00 price target on the stock.

Nomura  reiterated its buy rating on shares of Microsoft Corp (NASDAQ: MSFT).

UBS AG  raised its price target on shares of NIKE, Inc. (NYSE: NKE) from $99.00 to $106.00. They have a buy rating on the stock.

Stifel Nicolaus  initiated coverage on shares of Oncothyreon Inc . (NASDAQ: ONTY). They issued a buy rating on the stock and set a $10.00 price target.

Stifel Nicolaus  initiated coverage on shares of Pharmacyclics, Inc. (NASDAQ: PCYC). They issued a hold rating on the stock.

ThinkEquity  initiated coverage on shares of PDL BioPharma Inc. (NASDAQ: PDLI). They issued a hold rating on the stock.

Jefferies Group  initiated coverage on shares of Protalix BioTherapeutics Inc. (NYSE: PLX). They issued a hold rating on the stock.

Needham & Company  reiterated its hold rating on shares of Par Pharmaceutical Companies Incorporated (NYSE: PRX).

Jefferies Group  reiterated its buy rating on shares of Rackspace Hosting, Inc. (NYSE: RAX).

Janney Montgomery Scott  reiterated its buy rating on shares of Rue21 (NYSE: RUE).

Nomura  reiterated its neutral rating on shares of Rue21 (NYSE: RUE).

Sterne Agee  downgraded shares of Scholastic Corp (NASDAQ: SCHL) from a buy rating to a neutral rating.

Sterne Agee  downgraded shares of Shoe Carnival (NASDAQ: SCVL) from a buy rating to a neutral rating. They noted that the move was a valuation call.

Avondale Partners  raised its price target on shares of Shoe Carnival (NASDAQ: SCVL) from $24.00 to $28.00. They have an outperform rating on the stock.

Goldman Sachs  upgraded shares of Seadrill Ltd (NASDAQ: SDRL) from a sell rating to a neutral rating.

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Source: Equity Briefing via Thomson Reuters ONE

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