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Equity Brief: Ratings Changes for November 20th: GEF, GMCR, HAIN, HBHC, HIBB, HP, HPQ, IHG, ING


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:

Wells Fargo & Co. downgraded shares of Greif (NYSE: GEF) from an outperform rating to a market perform rating.

SunTrust upgraded shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) from a neutral rating to a buy rating.

Zacks reiterated its neutral rating on shares of The Hain Celestial Group, Inc. (NASDAQ: HAIN). They have a $63.00 price target on the stock.

Credit Suisse initiated coverage on shares of Hancock Holding (NASDAQ: HBHC). They issued a neutral rating on the stock and set a $32.00 price target.

Canaccord Genuity raised its price target on shares of Hibbett Sports, Inc. (NASDAQ: HIBB) from $55.00 to $56.00. They have a hold rating on the stock. They wrote, "HIBB reported good Q3 results of $0.71 vs. our $0.68 consensus estimate. Relative to our model, an impressive gross margin (+2c) and less expense dollar growth (+1c) drove the beat. 2012 guidance was raised to $2.66-$2.71, implying Q4 of 71c, below our 73c estimate. While we consider HIBB to have solid growth potential, current real estate constraints/low sq. ft. growth coupled with choppy comp trends keep us HOLD rated, but we are raising our target $1 to $56."

Jefferies Group reiterated its buy rating on shares of Helmerich & Payne (HP). They have a $59.00 price target on the stock, up previously from $55.00. They wrote, "HP delivered a solid 4QFY12 beat on U.S. onshore cost control and sequential dayrate improvement as older Flex 3 contracts roll to higher rates. Cost control success suggests there is conservatism in our new higher FY2013 EPS of $5.30 (from $4.60). Given confidence on gaining market share and cost management, we look for multiple expansion in this stock, even in a continued soft U.S. onshore market. Reiterate Buy."

Raymond James downgraded shares of Hewlett-Packard (HPQ) from an outperform rating to a market perform rating.

Barclays Capital upgraded shares of InterContinental Hotels Group (IHG) from an equal weight rating to an overweight rating. Barclays Capital now has a $29.03 price target on the stock.

Societe Generale upgraded shares of ING Groep (ING) from a hold rating to a buy rating.

UBS AG downgraded shares of Intel (INTC) from a buy rating to a neutral rating. Their analysts now have a $21.50 price target on the stock, down previously from $29.00.

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