Equity Brief: Ratings Changes for November 8th: ABAX, ABFS, ADSK, ADTN, ALGN, AMNB, AOL, ARNA, ATK
Stifel Nicolaus initiated coverage on shares of Abaxis, Inc. (ABAX). They issued a buy rating on the stock and set a $44.00 price target.
Sterne Agee downgraded shares of Arkansas Best Corp (ABFS) from a neutral rating to an underperform rating.
Jefferies Group downgraded shares of Autodesk (ADSK) from a buy rating to a hold rating. Their analysts now have a $34.00 price target on the stock.
Mizuho upgraded shares of ADTRAN, Inc. (ADTN) from an underperform rating to a buy rating. Mizuho now has a $22.00 price target on the stock, up previously from $10.00.
Stifel Nicolaus initiated coverage on shares of Align Tech (ALGN). They issued a buy rating on the stock and set a $32.00 price target.
Raymond James upgraded shares of American National Bankshares Inc (AMNB) from a market perform rating to an outperform rating.
Jefferies Group gave shares of AOL (AOL) a new $50.00 price target. They now have a buy rating on the stock. They wrote, "We reiterate our BUY & raise PT to $50 on a 'Beat & Raise' 3Q driven by solid Network performance. Focus remains: 1) driving sustained top & bottom lines via strategic operational / financial improvements; 2) delivering concrete shareholder value (share count down ~30% / $5.15 dividend); and 3) leveraging investments in premium content, advertising and core services."
Jefferies Group gave shares of Arena Pharmaceuticals, Inc. (ARNA) a new $14.00 price target. They now have a buy rating on the stock. They wrote, "ARNA reiterated its plans for Belviq (1Q13 U.S. launch) and outlined a new South Korean partnership with Ildong. We remain confident in the long-term potential for Belviq based on combination use with phentermine, but we are lowering our PT from $20 to $14, as we moderate our launch expectations for Belviq monotherapy following disappointing sales for competitor Qsymia."
Standpoint Research downgraded shares of Alliant Techsystems Inc. (ATK) from an accumulate rating to a hold rating.
ISI Group upgraded shares of Bank of America (BAC) from a hold rating to a buy rating.
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Source: Equity Brief via Thomson Reuters ONE