Equity Briefing: Upgrades and Downgrades for August 28th: OGZPY, ORLY, PCYC, PDH, PPBI, PSE, PWRD, SBH, SDRL
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:
Credit Suisse downgraded shares of Gazprom OAO (NASDAQ: OGZPY) from an outperform rating to a neutral rating.
RBC Capital downgraded shares of Pharmacyclics, Inc. (NASDAQ: PCYC) from an outperform rating to a sector perform rating. Their analysts now have a $60.00 price target on the stock, up previously from $34.00.
Citigroup downgraded shares of PetroLogistics LP (NYSE: PDH) from a buy rating to a neutral rating. Their analysts now have a $12.75 price target on the stock.
DA Davidson initiated coverage on shares of Pacific Premier Bancorp, Inc. (NASDAQ: PPBI). They issued a buy rating on the stock and set a $12.00 price target.
UBS AG downgraded shares of Pioneer Southwest Energy (NYSE: PSE) from a neutral rating to a sell rating. Their analysts now have a $24.00 price target on the stock.
Nomura reiterated its neutral rating on shares of Perfect World Co Ltd (NASDAQ: PWRD).
JPMorgan Chase initiated coverage on shares of Sally Beauty Holdings Inc (NYSE: SBH). They issued an overweight rating on the stock and set a $33.00 price target.
Caris & Co. raised its price target on shares of Sally Beauty Holdings Inc (NYSE: SBH) from $31.00 to $32.00. They have a buy rating on the stock.
Natixis upgraded shares of Seadrill Ltd (NASDAQ: SDRL) from a reduce rating to a hold rating.
Stifel Nicolaus initiated coverage on shares of Toronto-Dominion Bank (NYSE: TD). They issued a hold rating on the stock.
Sidoti initiated coverage on shares of Teradyne, Inc. (NYSE: TER). They issued a buy rating on the stock and set a $20.00 price target.
Nomura reiterated its neutral rating on shares of Tiffany & Co. (NYSE: TIF).
Oppenheimer reiterated its outperform rating on shares of Tower Semiconductor Ltd (NASDAQ: TSEM).
Canaccord Genuity reiterated its buy rating on shares of Zalicus Inc (NASDAQ: ZLCS).
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Source: Equity Briefing via Thomson Reuters ONE