Equity Briefing: Upgrades and Downgrades for August 8th: FOSL, GLCH, GRPN, GSIG, GTE, HCN, HMY, IAG, IHG


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

Benchmark Co.  raised its price target on shares of Fossil (NASDAQ: FOSL) to $105.00.

Gleacher & Co.  downgraded shares of Gleacher & Company, Inc. (NASDAQ: GLCH) from an outperform rating to a market perform rating.

Sterne Agee  downgraded shares of Groupon (NASDAQ: GRPN) from a buy rating to a neutral rating.

Needham & Company  downgraded shares of Gsi Group Inc (NASDAQ: GSIG) from a buy rating to a hold rating.

Raymond James  upgraded shares of Gran Tierra Energy Inc. (NYSE: GTE) from an outperform rating to a strong-buy rating.

Stifel Nicolaus  upgraded shares of Health Care REIT (NYSE: HCN) from a hold rating to a buy rating. Stifel Nicolaus now has a $64.00 price target on the stock.

CIBC  initiated coverage on shares of Harmony Gold Mining (NYSE: HMY). They issued an outperform rating on the stock.

Credit Suisse  downgraded shares of IAMGOLD Corp (NYSE: IAG) from an outperform rating to a neutral rating.

SunTrust  downgraded shares of Intercontinental Hotels Group (NYSE: IHG) from a buy rating to a neutral rating. Their analysts now have a $29.00 price target on the stock.

JPMorgan Chase  downgraded shares of Intercontinental Hotels Group (NYSE: IHG) from an overweight rating to a neutral rating.

Citigroup  downgraded shares of Jive Software Inc (NASDAQ: jive) from a buy rating to a neutral rating. Their analysts now have a $21.00 price target on the stock.

Wells Fargo & Co.  upgraded shares of Jack Henry & Associates, Inc. (NASDAQ: JKHY) from a market perform rating to an outperform rating.

CLSA  upgraded shares of Quicksilver Resources Inc (NYSE: KWK) from an underperform rating to a buy rating. CLSA now has a $6.00 price target on the stock.

Credit Agricole  upgraded shares of Quicksilver Resources Inc (NYSE: KWK) from an outperform rating to a buy rating.

DA Davidson  upgraded shares of MGE Energy Inc. (NASDAQ: MGEE) from an underperform rating to a neutral rating. DA Davidson now has a $48.50 price target on the stock, up previously from $42.00. They noted that the move was a valuation call.

Morgan Stanley  downgraded shares of MGM Resorts (NYSE: MGM) from an overweight rating to an equal weight rating. Their analysts now have a $12.00 price target on the stock.

Barclays Capital  upgraded shares of Mindray Medical International Limited (NYSE: MR) from an equal weight rating to an overweight rating. Barclays Capital now has a $42.00 price target on the stock.

JPMorgan Chase  initiated coverage on shares of Nanometrics Inc (NASDAQ: NANO). They issued a neutral rating on the stock and set a $14.50 price target.

Piper Jaffray  raised its price target on shares of NetApp Inc. (NASDAQ: NTAP) from $35.00 to $40.00. They have an overweight rating on the stock.

Goldman Sachs  initiated coverage on shares of OYO Geospace Co. (NASDAQ: OYOG). They issued a neutral rating on the stock and set a $120.00 price target.

UBS AG  downgraded shares of Verifone (NYSE: PAY) from a buy rating to a neutral rating. Their analysts now have a $41.00 price target on the stock, up previously from $37.00.

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Source: Equity Briefing via Thomson Reuters ONE

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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