Equity Brief: Ratings Changes for September 17th: TCK, TGH, TITN, TSLA
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:
Canaccord Genuity downgraded shares of Teck Resources Limited (NYSE: TCK) from a buy rating to a hold rating.
FBR Capital upgraded shares of Textainer Group Holdings Limited (NYSE: TGH) from a market perform rating to an outperform rating. FBR Capital now has a $38.00 price target on the stock, up previously from $36.00.
Standpoint Research initiated coverage on shares of Titan Machinery (NASDAQ: TITN). They issued a buy rating on the stock and set a $28.00 price target.
Morgan Stanley upgraded shares of Tesla Motors Inc (NASDAQ: TSLA) from an underweight rating to an overweight rating. Morgan Stanley now has a $50.00 price target on the stock, up previously from $45.00. They wrote, "It seems launching a car is every bit as difficult as launching a rocket, maybe more. Docking to a space station involves inevitable flaws that can be corrected during a mission. A new Model S has to be perfect right out of the box. We think fears over a slower ramp are overdone. . While the market doesn't like the ambiguity of 'soft' vs. 'hard' targets, we think Tesla has the right idea: Get it right the first time. Efficacy of the product is what matters most."
Argus downgraded shares of Under Armour, Inc. (NYSE: UA) from a buy rating to a hold rating.
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Source: Equity Brief via Thomson Reuters ONE