Market Overview

Equity Brief: Upgrades and Downgrades for September 5th: NXY, PBY, PDCE, POL, RIGL, SCHW, SNSS, SPWR, TE


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:

Zacks  upgraded shares of Nexen Inc. (NYSE: NXY) from an underperform rating to a neutral rating. Zacks now has a $26.00 price target on the stock. To view Zacks' full report, visit http://bit.ly/zacksreport.

Credit Suisse  initiated coverage on shares of Pep Boys (NYSE: PBY). They issued a neutral rating on the stock.

Miller Tabak  initiated coverage on shares of PDC Energy Inc (NASDAQ: PDCE). They issued a buy rating on the stock and set a $39.00 price target.

Wells Fargo & Co.  downgraded shares of PolyOne (NYSE: POL) from an outperform rating to a market perform rating.

Leerink Swann  initiated coverage on shares of Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL). They issued an outperform rating on the stock.

Zacks  reiterated its neutral rating on shares of Charles Schwab (NASDAQ: SCHW). They have a $14.00 price target on the stock.

Leerink Swann  initiated coverage on shares of Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS). They issued an outperform rating on the stock.

Zacks  reiterated its neutral rating on shares of SunPower (NASDAQ: SPWR). They have a $4.50 price target on the stock.

Zacks  reiterated its neutral rating on shares of TECO Energy, Inc. (NYSE: TE). They have a $18.00 price target on the stock.

Zacks  upgraded shares of Urban Outfitters, Inc. (NASDAQ: URBN) from a neutral rating to an outperform rating. Zacks now has a $42.00 price target on the stock.

Zacks  downgraded shares of Vulcan Materials Company (NYSE: VMC) from an outperform rating to a neutral rating. Their analysts now have a $40.00 price target on the stock.

Zacks  downgraded shares of Walter Energy (NYSE: WLT) from a neutral rating to an underperform rating. Their analysts now have a $28.00 price target on the stock.

Leerink Swann  initiated coverage on shares of Xenoport Inc. (NASDAQ: XNPT). They issued an outperform rating on the stock and set a $13.00 price target.

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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