Equity Briefing: Upgrades and Downgrades for August 9th: KBH, KGC, LMCA, LSTR, LXP, MATR, MCEP, MDRX, MNST


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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:

JPMorgan Chase  upgraded shares of KB Home (NYSE: KBH) from a neutral rating to an overweight rating. JPMorgan Chase now has a $13.00 price target on the stock, up previously from $9.50.

Canaccord Genuity  downgraded shares of Kinross Gold Corp (NYSE: KGC) from a buy rating to a hold rating. Their analysts now have a $8.75 price target on the stock.

Janney Montgomery Scott  downgraded shares of Liberty Capital (NASDAQ: LMCA) from a buy rating to a neutral rating.

Maxim Group  reiterated its buy rating on shares of Liberty Capital (NASDAQ: LMCA).

Longbow Research  initiated coverage on shares of Landstar System, Inc. (NASDAQ: LSTR). They issued a neutral rating on the stock.

Stifel Nicolaus  downgraded shares of Lexington Realty Trust (NYSE: LXP) from a buy rating to a hold rating.

Craig Hallum  downgraded shares of Eloyalty Corp. (NASDAQ: MATR) from a buy rating to a hold rating.

Robert W. Baird  downgraded shares of Mid-Con Energy Partners (NASDAQ: MCEP) from an outperform rating to a neutral rating. Their analysts now have a $23.00 price target on the stock, down previously from $24.00.

Raymond James  downgraded shares of Mid-Con Energy Partners (NASDAQ: MCEP) from an outperform rating to a market perform rating.

JPMorgan Chase  raised its price target on shares of Allscripts Healthcare Solutions (NASDAQ: MDRX) from $12.00 to $15.00. They have an overweight rating on the stock.

Stifel Nicolaus  lowered its price target on shares of Monster Beverage Corp (NASDAQ: MNST) from $83.00 to $73.00. They have a buy rating on the stock.

Jefferies Group  initiated coverage on shares of Melco Crown Entertainment Limited (NASDAQ: MPEL). They issued an underperform rating on the stock and set a $7.70 price target.

Goldman Sachs  reiterated its buy rating on shares of Medicis Pharmaceutic (NYSE: MRX). They have a $42.00 price target on the stock.

Canaccord Genuity  reiterated its hold rating on shares of Medicis Pharmaceutic (NYSE: MRX). They have a $35.00 price target on the stock.

JMP Securities  initiated coverage on shares of Northstar Realty Finance Corp. (NYSE: NRF). They issued an outperform rating on the stock and set a $7.00 price target.

Cantor Fitzgerald  downgraded shares of NetApp Inc. (NASDAQ: NTAP) from a buy rating to a hold rating. Their analysts now have a $38.00 price target on the stock.

Societe Generale  downgraded shares of Oceaneering International (NYSE: OII) from a buy rating to a hold rating. Their analysts now have a $60.00 price target on the stock.

Benchmark Co.  raised its price target on shares of OSI Systems Inc (NASDAQ: OSIS) to $80.00. They have a buy rating on the stock.

Oppenheimer  raised its price target on shares of Plains All Amer (NYSE: PAA) to $98.00. They have an outperform rating on the stock.

Stifel Nicolaus  initiated coverage on shares of Palo Alto Networks Inc (NASDAQ: PANW). They issued a buy rating on the stock and set a $75.00 price target.

Lazard Capital  downgraded shares of Priceline (NASDAQ: PCLN) from a buy rating to a neutral rating.

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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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