Market Overview

Equity Briefing: Upgrades and Downgrades for August 29th: LRLCY, MCP, MOV, NE, ORIG, PAA, PBTH, PEG, PNG


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:

UBS AG  downgraded shares of L'Oreal (NASDAQ: LRLCY) from a buy rating to a neutral rating.

Gabelli  upgraded shares of Molycorp, Inc. (NYSE: MCP) from a hold rating to a buy rating.

Citigroup  downgraded shares of Movado Group (NYSE: MOV) from a buy rating to a neutral rating. Their analysts now have a $38.00 price target on the stock, up previously from $33.00.

Capstone  downgraded shares of Movado Group (NYSE: MOV) from a buy rating to a hold rating. Their analysts now have a $36.00 price target on the stock.

Credit Suisse  initiated coverage on shares of Noble Corp (NYSE: NE). They issued an outperform rating on the stock and set a $55.00 price target.

Credit Suisse  initiated coverage on shares of Ocean Rig Udw Inc. (NASDAQ: ORIG). They issued an outperform rating on the stock and set a $26.00 price target.

Robert W. Baird  initiated coverage on shares of Plains All Amer (NYSE: PAA). They issued an outperform rating on the stock and set a $96.00 price target.

Oppenheimer  initiated coverage on shares of Prolor Biotech Inc. (NASDAQ: PBTH). They issued an outperform rating on the stock and set a $7.00 price target.

ISI Group  downgraded shares of Public Service Enterprise Group Inc. (NYSE: PEG) from a hold rating to a sell rating.

Robert W. Baird  initiated coverage on shares of PAA Natural Gas Storage (NYSE: PNG). They issued a neutral rating on the stock and set a $19.00 price target.

Wedbush  initiated coverage on shares of Progress Software (NASDAQ: PRGS). They issued a neutral rating on the stock.

Credit Suisse  initiated coverage on shares of Rowan Companies, Inc. (NYSE: RDC). They issued an outperform rating on the stock and set a $52.00 price target.

TD Securities  downgraded shares of Resolute Forest Products Inc (NYSE: RFP) from a hold rating to a reduce rating. Their analysts now have a $11.50 price target on the stock.

Credit Suisse  initiated coverage on shares of Transocean (NYSE: RIG). They issued a neutral rating on the stock and set a $56.00 price target.

JPMorgan Chase  upgraded shares of Reed Elsevier plc (NYSE: RUK) from a neutral rating to an overweight rating.

Credit Agricole  downgraded shares of Schnitzer Steel (NASDAQ: SCHN) from an underperform rating to a sell rating. Their analysts now have a $25.00 price target on the stock.

Credit Suisse  initiated coverage on shares of Seadrill Ltd (NASDAQ: SDRL). They issued a neutral rating on the stock and set a $57.00 price target.

Robert W. Baird  initiated coverage on shares of SunoCo Logistics Partners LP (NYSE: SXL). They issued an outperform rating on the stock and set a $53.00 price target.

Canaccord Genuity  initiated coverage on shares of Tearlab Corporation (NASDAQ: TEAR). They issued a buy rating on the stock and set a $6.00 price target.

WBB Securities  initiated coverage on shares of Trius Therapeutics Inc (NASDAQ: TSRX). They issued a buy rating on the stock and set a $7.00 price target.

Wunderlich  downgraded shares of Viacom, Inc. (NASDAQ: VIAB) from a buy rating to a hold rating. Their analysts now have a $53.00 price target on the stock.

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

Content and Media Contact: newseditor@equitybriefing.com







This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Equity Briefing via Thomson Reuters ONE

HUG#1637081

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters