Equity Briefing: Upgrades and Downgrades for August 13th: ACIW, AV, AVGO, BANR, BBBY, BCOV, BNNY, BR, CATM


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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:

Wedbush  downgraded shares of ACI Worldwide Inc (NASDAQ: ACIW) from an outperform rating to a neutral rating. They noted that the move was a valuation call.

Exane BNP Paribas  downgraded shares of Aviva Plc (NYSE: AV) from an outperform rating to a neutral rating.

UBS AG  initiated coverage on shares of Avago Technologies (NASDAQ: AVGO). They issued a buy rating on the stock.

Raymond James  downgraded shares of Banner Co. (NASDAQ: BANR) from an outperform rating to a market perform rating.

Canaccord Genuity  upgraded shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) from a hold rating to a buy rating. Canaccord Genuity now has a $75.00 price target on the stock, up previously from $71.00.

B. Riley  initiated coverage on shares of Brightcove Inc (NASDAQ: BCOV). They issued a sell rating on the stock.

Canaccord Genuity  raised its price target on shares of Annies Inc (NASDAQ: BNNY) from $40.00 to $42.00. They have a hold rating on the stock.

JPMorgan Chase  downgraded shares of Broadridge Financial Solutions, Inc. (NYSE: BR) from an overweight rating to a neutral rating.

JPMorgan Chase  downgraded shares of Cardtronics (NASDAQ: CATM) from an overweight rating to a neutral rating.

Morgan Stanley  initiated coverage on shares of Cummins (NYSE: CMI). They issued an equal weight rating on the stock.

Societe Generale  upgraded shares of ConocoPhillips (NYSE: COP) from a hold rating to a buy rating.

Goldman Sachs  upgraded shares of Campbell Soup Company (NYSE: CPB) from a sell rating to a buy rating.

Global Hunter Securities  upgraded shares of Copano Energy, L.L.C. (NASDAQ: CPNO) from a reduce rating to a neutral rating. Global Hunter Securities now has a $30.00 price target on the stock, up previously from $26.00.

Bank of America  initiated coverage on shares of Durata Therapeutics Inc (NASDAQ: DRTX). They issued a buy rating on the stock and set a $12.00 price target.

RBC Capital  initiated coverage on shares of Durata Therapeutics Inc (NASDAQ: DRTX). They issued an outperform rating on the stock.

Raymond James  upgraded shares of EOG Resources (NYSE: EOG) from a market perform rating to an outperform rating.

Mizuho  raised its price target on shares of Express Scripts, Inc. (NASDAQ: ESRX) from $69.00 to $70.00. They have a buy rating on the stock.

JPMorgan Chase  downgraded shares of ExlService Holdings, Inc. (NASDAQ: EXLS) from an overweight rating to a neutral rating.

JPMorgan Chase  upgraded shares of Fiserv, Inc. (NASDAQ: FISV) from a neutral rating to an overweight rating.

UBS AG  initiated coverage on shares of Five Below Inc (NASDAQ: FIVE). They issued a neutral rating on the stock.

Jefferies Group  initiated coverage on shares of Five Below Inc (NASDAQ: FIVE). They issued a buy rating on the stock.

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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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