Market Overview

Equity Briefing: Upgrades and Downgrades for August 28th: ADTN, AFL, AOL, FMBI, FTE, HAIN, INFA, IPG, JCOM


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:

Zacks  downgraded shares of ADTRAN, Inc. (NASDAQ: ADTN) from a neutral rating to an underperform rating. Their analysts now have a $19.00 price target on the stock. To view Zacks' full report, visit http://bit.ly/zacksreport.

Zacks  reiterated its neutral rating on shares of AFLAC (NYSE: AFL). They have a $48.00 price target on the stock.

Barclays Capital  raised its price target on shares of AOL (NYSE: AOL) from $33.00 to $35.00. They have an equal weight rating on the stock.

FIG Partners  downgraded shares of First Midwest Bancorp, Inc. (NASDAQ: FMBI) from an outperform rating to a market perform rating. Their analysts now have a $12.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of France Telecom SA (NYSE: FTE). They have a $15.00 price target on the stock.

Zacks  downgraded shares of The Hain Celestial Group, Inc. (NASDAQ: HAIN) from an outperform rating to a neutral rating. Their analysts now have a $73.00 price target on the stock.

Wedbush  initiated coverage on shares of Informatica Co. (NASDAQ: INFA). They issued an outperform rating on the stock and set a $40.00 price target.

Zacks  reiterated its neutral rating on shares of Interpublic Group of Companies, Inc. (NYSE: IPG). They have a $11.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of j2 Global (NASDAQ: JCOM). They have a $30.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of Mindray Medical International Limited (NYSE: MR). They have a $36.00 price target on the stock.

Barclays Capital  raised its price target on shares of M&T Bank Co. (NYSE: MTB) from $95.00 to $100.00. They have an equal weight rating on the stock.

WallachBeth  initiated coverage on shares of Mettler-Toledo International Inc. (NYSE: MTD). They issued a hold rating on the stock and set a $173.00 price target.

Sidoti  downgraded shares of Seabright Holdings, Inc. (NYSE: SBX) from a buy rating to a neutral rating.

Wedbush  initiated coverage on shares of TIBCO Software (NASDAQ: TIBX). They issued an outperform rating on the stock.

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Source: Equity Briefing via Thomson Reuters ONE

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