Market Overview

Equity Brief: Upgrades and Downgrades for September 4th: AAPL, AMD, ANR, ARMH, ARTNA, AWR, BCS, BGFV, BNNY


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 Brief:

Wedbush  raised its price target on shares of Apple, Inc (NASDAQ: AAPL) from $800.00 to $885.00. They have an outperform rating on the stock.

Evercore Partners  downgraded shares of Advanced Micro Devices (NYSE: AMD) from an equal weight rating to an underweight rating. Their analysts now have a $4.00 price target on the stock.

Dahlman Rose  downgraded shares of Alpha Natural Resources (NYSE: ANR) from a buy rating to a hold rating.

Deutsche Bank  downgraded shares of ARM Holdings plc (NASDAQ: ARMH) from a hold rating to a sell rating.

Robert W. Baird  downgraded shares of Artesian Resrces (NASDAQ: ARTNA) from an outperform rating to a neutral rating. Their analysts now have a $22.00 price target on the stock.

Robert W. Baird  downgraded shares of American States Water Company (NYSE: AWR) from an outperform rating to a neutral rating. Their analysts now have a $44.00 price target on the stock.

JPMorgan Chase  downgraded shares of Barclays Capital (NYSE: BCS) from an overweight rating to a neutral rating.

Piper Jaffray  upgraded shares of Big 5 Sporting Goods (NASDAQ: BGFV) from a neutral rating to an overweight rating. Piper Jaffray now has a $12.00 price target on the stock, up previously from $8.00.

SunTrust  initiated coverage on shares of Annies Inc (NASDAQ: BNNY). They issued a buy rating on the stock and set a $50.00 price target.

Dahlman Rose  downgraded shares of Peabody Energy Corp. (NYSE: BTU) from a buy rating to a hold rating.

JPMorgan Chase  upgraded shares of ConAgra (NYSE: CAG) from a neutral rating to an overweight rating. JPMorgan Chase now has a $29.00 price target on the stock. They noted that the move was a valuation call.

Caris & Co.  upgraded shares of Carmike Cinemas, Inc. (NASDAQ: CKEC) from a below average rating to an average rating.

KeyBanc  initiated coverage on shares of CONN'S, Inc. (NASDAQ: CONN). They issued a buy rating on the stock and set a $26.00 price target.

Dahlman Rose  downgraded shares of CSX Corp. (NYSE: CSX) from a buy rating to a hold rating. Their analysts now have a $28.00 price target on the stock.

Pivotal Research  initiated coverage on shares of Discovery (NASDAQ: DISCA). They issued a hold rating on the stock.

BB&T  downgraded shares of Dycom Industries, Inc. (NYSE: DY) from a buy rating to a hold rating.

JMP Securities  initiated coverage on shares of Ellington Financial (NYSE: EFC). They issued an outperform rating on the stock and set a $24.00 price target.

Stifel Nicolaus  raised its price target on shares of Equinix, Inc. (NASDAQ: EQIX) from $200.00 to $240.00. They have a buy rating on the stock.

Deutsche Bank  initiated coverage on shares of EZchip (NASDAQ: EZCH). They issued a buy rating on the stock and set a $42.00 price target.

Goldman Sachs  downgraded shares of Fiserv, Inc. (NASDAQ: FISV) from a buy rating to a neutral rating.

Evercore Partners  downgraded shares of Fifth Third Bancorp (NASDAQ: FITB) from an overweight rating to an equal weight rating.

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

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Source: Equity Brief via Thomson Reuters ONE

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