Market Overview

Equity Brief: Ratings Changes for November 28th: AES, AFFY, AKAM, AKS, ARMH, ATHN, BPZ, BRY


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:

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.

Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at http://bit.ly/equitybriefdaily

Content and Media Contact: newseditor@equitybrief.net







This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Equity Brief via Thomson Reuters ONE

HUG#1661134

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters