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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 Brief:
FBR Capital upgraded shares of RPC, Inc (NYSE: RES) from a market perform rating to an outperform rating.
Goldman Sachs upgraded shares of Regions Financial Corp (NYSE: RF) from a buy rating to a buy rating.
UBS AG downgraded shares of Royal Gold, Inc. (NASDAQ: RGLD) from a buy rating to a neutral rating. Their analysts now have a $91.00 price target on the stock, up previously from $86.00.
Deutsche Bank downgraded shares of Rock-Tenn Company (NYSE: RKT) from a buy rating to a hold rating. Their analysts now have a $75.00 price target on the stock. They noted that the move was a valuation call.
Stifel Nicolaus upgraded shares of Rosetta Resources Inc. (NASDAQ: ROSE) from a hold rating to a buy rating. Stifel Nicolaus now has a $55.00 price target on the stock.
Nomura upgraded shares of Sprint Nextel (NYSE: S) from a neutral rating to a buy rating. Nomura now has a $7.00 price target on the stock.
HSBC downgraded shares of Seadrill Ltd (NASDAQ: SDRL) from an overweight rating to a neutral rating.
JPMorgan Chase initiated coverage on shares of Sealed Air Corp. (NYSE: SEE). They issued an overweight rating on the stock and set a $19.00 price target.
Leerink Swann initiated coverage on shares of Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP). They issued a market perform rating on the stock.
Citigroup upgraded shares of Smith & Nephew plc (NYSE: SNN) from a sell rating to a buy rating.
Piper Jaffray upgraded shares of Santarus (NASDAQ: SNTS) from a neutral rating to an overweight rating. Piper Jaffray now has a $10.00 price target on the stock, up previously from $7.00.
Bank of America upgraded shares of Sanofi-Aventis (NYSE: SNY) from a neutral rating to a buy rating.
Raymond James downgraded shares of State Street Co. (NYSE: STT) from an outperform rating to a market perform rating.
Argus downgraded shares of Seagate (NYSE: STX) from a buy rating to a hold rating. Their analysts now have a $34.00 price target on the stock.
Sterne Agee downgraded shares of Susquehanna (NASDAQ: SUSQ) from a buy rating to a neutral rating. They noted that the move was a valuation call.
Raymond James downgraded shares of Telecom Argentina (NYSE: TEO) from an outperform rating to a market perform rating.
TD Securities upgraded shares of TELUS Co. (NYSE: TU) from a reduce rating to a hold rating.
Bank of America initiated coverage on shares of Two Harbors Investment Corp (NYSE: TWO). They issued a buy rating on the stock and set a $11.50 price target.
JPMorgan Chase downgraded shares of Tyco International Ltd (NYSE: TYC) from an overweight rating to a neutral rating. Their analysts now have a $60.00 price target on the stock, up previously from $58.00. They noted that the move was a valuation call.
Stifel Nicolaus initiated coverage on shares of UQM Technologies, Inc. (NYSE: UQM). They issued a buy rating on the stock and set a $1.90 price target.
JPMorgan Chase upgraded shares of Venoco, Inc. (NYSE: VQ) from an underweight rating to an overweight rating. JPMorgan Chase now has a $12.50 price target on the stock, up previously from $7.50.
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Source: Equity Brief via Thomson Reuters ONE
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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