Equity Brief: Ratings Changes for November 28th: AES, AFFY, AKAM, AKS, ARMH, ATHN, BPZ, BRY
Macquarie upgraded shares of The Aes Corporation (NYSE: AES) from a neutral rating to an outperform rating.
Dawson James initiated coverage on shares of Affymax, Inc. (NASDAQ: AFFY). They issued an outperform rating on the stock and set a $32.00 price target. They wrote, "Commercialization of new products is always tricky, especially in the current environment; however, we believe Omontys is an ideal product for the dialysis market given the new "bundled" pricing structure. . In addition, the receipt of a permanent "J code" (taking effect January 1, 2013) from the Centers for Medicare and Medicaid Services (CMS) should help lubricate reimbursement conditions and persuade any hold-outs to make the conversion from Epogen to Omontys. As sales growth momentum continues, so also should share price appreciation."
Piper Jaffray upgraded shares of Akamai Technologies (NASDAQ: AKAM) from a neutral rating to an overweight rating. Piper Jaffray now has a $40.00 price target on the stock, up previously from $38.00.
Dahlman Rose upgraded shares of AK Steel Holding Co. (NYSE: AKS) from a sell rating to a hold rating.
Benchmark Co. raised its price target on shares of ARM Holdings plc (NASDAQ: ARMH) from $35.00 to $42.00. They have a buy rating on the stock.
JMP Securities initiated coverage on shares of AthenaHealth (ATHN). They issued an outperform rating on the stock and set a $80.00 price target.
Global Hunter Securities initiated coverage on shares of BPZ Resources, Inc. (BPZ). They issued an accumulate rating on the stock and set a $3.25 price target.
BMO Capital Markets downgraded shares of Berry Petroleum Comp (BRY) from an outperform rating to a market perform rating. Their analysts now have a $35.00 price target on the stock, down previously from $40.00.
BMO Capital Markets initiated coverage on shares of Check Point Software (CHKP). They issued an outperform rating on the stock.
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Source: Equity Brief via Thomson Reuters ONE