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Equity Brief: Ratings Changes for November 14th: CRIS, CSCO, CXO, DKS, DLB, EONGY, EW, HCLP, HD


A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:

Stifel Nicolaus initiated coverage on shares of Curis, Inc. (NASDAQ: CRIS). They issued a hold rating on the stock.

Pacific Crest upgraded shares of Cisco Systems, Inc. (NASDAQ: CSCO) from a sector perform rating to an outperform rating.

Deutsche Bank raised its price target on shares of Cisco Systems, Inc. (NASDAQ: CSCO) from $21.00 to $22.00. They have a buy rating on the stock. They wrote, "The inline Q1 guide ($12.05B / $0.47 on the mid point); B/B below 1.0x is indicative of gradually improving IT spending trends, heading into CY13; noted in strength of the US Enterprise and Telco orders. We see Cisco as a fundamentally sound business; exposed to solid growth themes: BYOD, 4G/WiFi, Private Clouds, etc and see modest out-performance in the stock, based on potential for modest upside to view from the product cycle themes."

Barclays Capital lowered its price target on shares of Concho Resources Inc. (NYSE: CXO) from $104.00 to $92.00. They have an overweight rating on the stock.

SunTrust upgraded shares of Dick's Sporting Goods (NYSE: DKS) from a neutral rating to a buy rating.

Barrington Research downgraded shares of Dolby Labs (NYSE: DLB) from an outperform rating to a market perform rating.

Deutsche Bank downgraded shares of E.ON AG (EONGY) from a buy rating to a hold rating.

Nomura downgraded shares of E.ON AG (EONGY) from a buy rating to a neutral rating.

Societe Generale downgraded shares of E.ON AG (EONGY) from a buy rating to a hold rating.

UBS AG downgraded shares of Edwards Lifesciences (EW) from a neutral rating to a sell rating. Their analysts now have a $80.00 price target on the stock, down previously from $95.00.

Robert W. Baird downgraded shares of Hi-Crush Partners LP (HCLP) from an outperform rating to a neutral rating. Their analysts now have a $18.00 price target on the stock, down previously from $23.00.

Raymond James downgraded shares of Home Depot (HD) from an outperform rating to a market perform rating.

Stifel Nicolaus raised its price target on shares of Home Depot (HD) from $59.00 to $69.00. They have a buy rating on the stock.

BMO Capital Markets gave shares of Home Depot (HD) a new $72.00 price target. They now have a market perform rating on the stock.

Gabelli downgraded shares of Home Depot (HD) to a hold rating.

Canaccord Genuity reiterated its buy rating on shares of Hologic, Inc. (HOLX). They have a $27.00 price target on the stock.

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Source: Equity Brief via Thomson Reuters ONE

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