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Equity Brief: Upgrades and Downgrades for September 13th: NAT, NKE, NLY, NNN, NOC, NTI, NUAN, O, OCLS, OSG


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:

Global Hunter Securities  initiated coverage on shares of Nordic American Tanker Shipping (NYSE: NAT). They issued a reduce rating on the stock and set a $9.00 price target. They noted that the move was a valuation call.

Citigroup  downgraded shares of NIKE, Inc. (NYSE: NKE) from a buy rating to a neutral rating. Their analysts now have a $101.00 price target on the stock, up previously from $98.00.

Macquarie  downgraded shares of Annaly Capital Management, Inc. (NYSE: NLY) from a neutral rating to an underperform rating. Their analysts now have a $15.50 price target on the stock.

Robert W. Baird  upgraded shares of National Retail (NYSE: NNN) from a neutral rating to an outperform rating. Robert W. Baird now has a $34.00 price target on the stock, up previously from $33.00.

UBS AG  downgraded shares of Northrop Grumman Cor (NYSE: NOC) from a neutral rating to a sell rating. Their analysts now have a $64.00 price target on the stock, up previously from $63.00.

Macquarie  initiated coverage on shares of Northern Tier Energy (NYSE: NTi). They issued an outperform rating on the stock.

Morgan Stanley  initiated coverage on shares of Nuance Communications Inc. (NASDAQ: NUAN). They issued an overweight rating on the stock and set a $31.00 price target.

Robert W. Baird  upgraded shares of Realty Income Corp (NYSE: O) from a neutral rating to an outperform rating. Robert W. Baird now has a $48.00 price target on the stock, up previously from $40.00.

Maxim Group  initiated coverage on shares of Oculus Innovative Sciences, Inc. (NASDAQ: OCLS). They issued a buy rating on the stock and set a $2.80 price target.

Global Hunter Securities  initiated coverage on shares of Overseas Shipholding Group Inc. (NYSE: OSG). They issued a neutral rating on the stock.

Wells Fargo & Co.  upgraded shares of Precision Drilling (NYSE: PDS) from a market perform rating to an outperform rating.

Needham & Company  lowered its price target on shares of Polypore (NYSE: PPO) from $50.00 to $44.00. They have a strong-buy rating on the stock.

Wunderlich  initiated coverage on shares of QR Energy LP (NYSE: QRE). They issued a buy rating on the stock and set a $22.00 price target.

Jefferies Group  initiated coverage on shares of Red Hat (NYSE: RHT). They issued a buy rating on the stock and set a $67.00 price target.

Citigroup  initiated coverage on shares of Ross Stores, Inc. (NASDAQ: ROST). They issued a buy rating on the stock and set a $85.00 price target.

Global Hunter Securities  initiated coverage on shares of Ship Finance International Limited (NYSE: SFL). They issued an accumulate rating on the stock and set a $19.00 price target.

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Source: Equity Brief via Thomson Reuters ONE

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