Market Overview

Equity Brief: Upgrades and Downgrades for September 5th: NBR, NOV, NXPI, OMG, PBR, POL, PT, PTEN, QLIK, QRE


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 (NYSE: 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. (NYSE: 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 (NASDAQ: NXPI). They issued a buy rating on the stock and set a $30.00 price target.

Northcoast Research  downgraded shares of OM Group Inc (NYSE: OMG) from a buy rating to a neutral rating.

Jefferies Group  initiated coverage on shares of Petroleo Brasileiro SA (NYSE: PBR). They issued a buy rating on the stock.

First Analysis  downgraded shares of PolyOne (NYSE: POL) from an overweight rating to an equal weight rating.

JPMorgan Chase  downgraded shares of Portugal Telecom, SGPS (NYSE: PT) from a neutral rating to an underweight rating.

Credit Agricole  initiated coverage on shares of Patterson-UTI (NASDAQ: PTEN). They issued a buy rating on the stock and set a $19.00 price target.

Morgan Stanley  upgraded shares of Qlik Technologies Inc (NASDAQ: 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 (NYSE: 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 (NYSE: 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. (NYSE: RDC). They issued an outperform rating on the stock and set a $40.00 price target.

ThinkEquity  initiated coverage on shares of Radware Ltd. (NASDAQ: 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 (NYSE: 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. (NASDAQ: SIMO). They issued a buy rating on the stock and set a $20.00 price target.

Credit Agricole  initiated coverage on shares of Schlumberger (NYSE: SLB). They issued a buy rating on the stock and set a $90.00 price target.

UBS AG  downgraded shares of STMicroelectronics (NYSE: STM) from a neutral rating to a sell rating.

Exane BNP Paribas  initiated coverage on shares of Tesco PLC (NASDAQ: TSCDY). They issued an underperform rating on the stock.

UBS AG  upgraded shares of Time Warner Inc. (NYSE: 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 (NYSE: UBS) from an underperform rating to an outperform rating.

Sanford C. Bernstein  initiated coverage on shares of Vale (NASDAQ: VALE). They issued an underperform rating on the stock and set a $12.30 price target.

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