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Equity Brief: Upgrades and Downgrades for September 12th: FB, FII, FINL, FTI, FTNT, GLBS, GLUU, GPI, GXP, HEP


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:

Needham & Company  lowered its price target on shares of Facebook (NASDAQ: FB) from $40.00 to $25.00. They have a buy rating on the stock.

Goldman Sachs  upgraded shares of Fed Investors (NYSE: FII) from a sell rating to a neutral rating. Goldman Sachs now has a $20.00 price target on the stock.

Sterne Agee  downgraded shares of Finish Line (NASDAQ: FINL) from a neutral rating to an underperform rating. Their analysts now have a $20.00 price target on the stock.

Morgan Stanley  upgraded shares of FMC Tech (NYSE: FTI) from an underweight rating to an equal weight rating.

Northland Securities  initiated coverage on shares of Fortinet, Inc. (NASDAQ: FTNT). They issued an outperform rating on the stock and set a $31.00 price target.

Wunderlich  lowered its price target on shares of Globus Maritime Limited  (NASDAQ: GLBS) from $4.50 to $3.50. They have a hold rating on the stock.

B. Riley  initiated coverage on shares of Glu Mobile Inc. (NASDAQ: GLUU). They issued a buy rating on the stock and set a $6.50 price target.

Morgan Stanley  upgraded shares of Group 1 Automotive, Inc. (NYSE: GPI) from an underweight rating to an overweight rating.

JPMorgan Chase  upgraded shares of Great Plains Engy (NYSE: GXP) from a neutral rating to an overweight rating. JPMorgan Chase now has a $26.00 price target on the stock, up previously from $23.00.

Bank of America  downgraded shares of Holly Energy Partners, L.P. (NYSE: HEP) from a neutral rating to an underperform rating. Their analysts now have a $68.00 price target on the stock.

Feltl & Co.  initiated coverage on shares of Immersion Corp (NASDAQ: IMMR). They issued a hold rating on the stock and set a $5.70 price target.

Benchmark Co.  raised its price target on shares of InterXion Holding (NASDAQ: INXN) from $22.00 to $25.00. They have a buy rating on the stock.

FBR Capital  raised its price target on shares of Illinois Tool Works Inc. (NYSE: ITW) from $66.00 to $70.00. They have an outperform rating on the stock.

Bank of America  upgraded shares of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) from a neutral rating to a buy rating. Bank of America now has a $60.00 price target on the stock.

FBN Securities  downgraded shares of KB Home (NYSE: KBH) from a sector perform rating to an underperform rating.

Bank of America  upgraded shares of Kinder Morgan (NYSE: KMI) from an underperform rating to a neutral rating. Bank of America now has a $36.00 price target on the stock. They noted that the move was a valuation call.

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Source: Equity Brief via Thomson Reuters ONE

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