Equity Briefing: Upgrades and Downgrades for August 29th: ADSK, BMO, CNMD, CPHD, FENG, FRED, GGB, HNZ, HOT

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  reiterated its neutral rating on shares of Autodesk ADSK. They have a $33.00 price target on the stock. To view Zacks' full report, visit http://bit.ly/zacksreport.

BMO Capital Markets  raised its price target on shares of Bank of Montreal BMO from $59.00 to $62.00. They have a market perform rating on the stock.

Zacks  reiterated its neutral rating on shares of CONMED CNMD. They have a $28.00 price target on the stock.

Cantor Fitzgerald  initiated coverage on shares of Cepheid CPHD. They issued a hold rating on the stock and set a $40.00 price target.

Deutsche Bank  downgraded shares of Phoenix New Media FENG from a buy rating to a hold rating.

Zacks  reiterated its neutral rating on shares of Fred's FRED. They have a $14.00 price target on the stock.

Zacks  upgraded shares of Gerdau S.A. GGB from an underperform rating to a neutral rating. Zacks now has a $9.50 price target on the stock.

Credit Suisse  raised their EPS estimates on shares of H.J. Heinz Company HNZ. They now have a neutral rating and a $59.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of Starwood Hotels HOT. They have a $57.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of Jabil Circuit, Inc. JBL. They have a $24.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of JPMorgan Chase JPM. They have a $39.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of KLA-Tencor KLAC. They have a $54.00 price target on the stock.

Bank of America  raised its price target on shares of Eli Lilly & Co. LLY from $46.00 to $52.00. They have a buy rating on the stock.

Barclays Capital  reiterated its equal weight rating on shares of Mobile Telesystems MBT. They have a $18.20 price target on the stock, up previously from $18.00.

Zacks  upgraded shares of Office Depot, Inc. ODP from an underperform rating to a neutral rating. Zacks now has a $1.60 price target on the stock.

Zacks  reiterated its neutral rating on shares of PulteGroup, Inc. PHM. They have a $14.00 price target on the stock.

Zacks  upgraded shares of Portfolio Recovery Associates Inc PRAA from a neutral rating to an outperform rating. Zacks now has a $120.00 price target on the stock.

Goldman Sachs  reiterated its buy rating on shares of Phillips-Van Heusen PVH. They have a $108.00 price target on the stock, up previously from $102.00.

Zacks  downgraded shares of Regis Co. RGS from an outperform rating to a neutral rating. Their analysts now have a $19.00 price target on the stock.

Zacks  reiterated its neutral rating on shares of RadioShack RSH. They have a $2.50 price target on the stock.

Zacks  reiterated its neutral rating on shares of Wyndham Worldwide WYN. They have a $54.00 price target on the stock.

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