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Equity Brief: Upgrades and Downgrades for September 7th: SUN, SWHC, SYNC, TCK, TE, THOR, TROW, ULTA, UNP


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:

Citigroup  downgraded shares of Sunoco, Inc. (NYSE: SUN) from a buy rating to a neutral rating. Their analysts now have a $51.00 price target on the stock, down previously from $55.00.

Northland Securities  raised its price target on shares of Smith & Wesson (NASDAQ: SWHC) from $14.00 to $17.00. They have an outperform rating on the stock.

Bank of America  upgraded shares of Synacor (NASDAQ: SYNC) from a neutral rating to a buy rating. Bank of America now has a $11.00 price target on the stock.

Dahlman Rose  downgraded shares of Teck Resources Limited (NYSE: TCK) from a buy rating to a hold rating.

UBS AG  downgraded shares of TECO Energy, Inc. (NYSE: TE) from a neutral rating to a sell rating. Their analysts now have a $15.00 price target on the stock, down previously from $17.50.

Northland Securities  initiated coverage on shares of Thoratec (NASDAQ: thor). They issued an outperform rating on the stock and set a $42.00 price target.

Wells Fargo & Co.  initiated coverage on shares of T. Rowe Price (NASDAQ: TROW). They issued an outperform rating on the stock.

Oppenheimer  raised its price target on shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) from $103.00 to $112.00. They have an outperform rating on the stock.

FBR Capital  initiated coverage on shares of Union Pacific (NYSE: UNP). They issued an outperform rating on the stock and set a $150.00 price target.

BB&T  downgraded shares of UTi Worldwide Inc. (NASDAQ: UTIW) from a buy rating to a hold rating.

Northland Securities  initiated coverage on shares of Wright Medical (NASDAQ: WMGI). They issued a market perform rating on the stock and set a $20.00 price target.

BB&T  downgraded shares of Williams Sonoma Inc (NYSE: WSM) from a buy rating to a hold rating.

Sandler O'Neill  downgraded shares of Wintrust Financial (NASDAQ: WTFC) from a buy rating to a hold rating.

Susquehanna  downgraded shares of Wolverine World Wide (NYSE: WWW) from a positive rating to a neutral rating. Their analysts now have a $44.00 price target on the stock, down previously from $48.00.

Goldman Sachs  downgraded shares of Weyerhaeuser (NYSE: WY) from a conviction buy rating to a neutral rating. Their analysts now have a $27.00 price target on the stock. They noted that the move was a valuation call.

JMP Securities  initiated coverage on shares of Alleghany Corp (NYSE: Y). They issued a market perform rating on the stock.

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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