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:
Credit Agricole initiated coverage on shares of Nabors Industries NBR. They issued an outperform rating on the stock and set a $17.00 price target.
Credit Agricole initiated coverage on shares of National-Oilwell Varco, Inc. NOV. They issued a buy rating on the stock and set a $95.00 price target.
Deutsche Bank initiated coverage on shares of NXP Semiconductors NXPI. They issued a buy rating on the stock and set a $30.00 price target.
Northcoast Research downgraded shares of OM Group Inc OMG from a buy rating to a neutral rating.
Jefferies Group initiated coverage on shares of Petroleo Brasileiro SA PBR. They issued a buy rating on the stock.
First Analysis downgraded shares of PolyOne POL from an overweight rating to an equal weight rating.
JPMorgan Chase downgraded shares of Portugal Telecom, SGPS PT from a neutral rating to an underweight rating.
Credit Agricole initiated coverage on shares of Patterson-UTI PTEN. They issued a buy rating on the stock and set a $19.00 price target.
Morgan Stanley upgraded shares of Qlik Technologies Inc QLIK from an equal weight rating to an overweight rating. Morgan Stanley now has a $28.00 price target on the stock.
Barclays Capital initiated coverage on shares of QR Energy LP QRE. They issued an overweight rating on the stock and set a $22.00 price target.
ThinkEquity initiated coverage on shares of Rda Microelectronics Inc RDA. They issued a buy rating on the stock and set a $13.00 price target.
Credit Agricole initiated coverage on shares of Rowan Companies, Inc. RDC. They issued an outperform rating on the stock and set a $40.00 price target.
ThinkEquity initiated coverage on shares of Radware Ltd. RDWR. They issued a buy rating on the stock and set a $41.00 price target.
Sanford C. Bernstein initiated coverage on shares of Rio Tinto RIO. They issued an outperform rating on the stock and set a $69.09 price target.
ThinkEquity initiated coverage on shares of Silicon Motion Technology Corp. SIMO. They issued a buy rating on the stock and set a $20.00 price target.
Credit Agricole initiated coverage on shares of Schlumberger SLB. They issued a buy rating on the stock and set a $90.00 price target.
UBS AG downgraded shares of STMicroelectronics STM from a neutral rating to a sell rating.
Exane BNP Paribas initiated coverage on shares of Tesco PLC TSCDY. They issued an underperform rating on the stock.
UBS AG upgraded shares of Time Warner Inc. TWX from a neutral rating to a buy rating. UBS AG now has a $50.00 price target on the stock, up previously from $39.00.
Exane BNP Paribas upgraded shares of UBS AG UBS from an underperform rating to an outperform rating.
Sanford C. Bernstein initiated coverage on shares of Vale VALE. They issued an underperform rating on the stock and set a $12.30 price target.
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