Equity Briefing: Upgrades and Downgrades for July 18th: PRKR, PRU, PSX, PVA, PWE, RDS-A, REPYY, RNST, ROVI

A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:

Ladenburg Thalmann initiated coverage on shares of ParkerVision, Inc. PRKR. They issued a buy rating on the stock and set a $5.00 price target.

UBS AG initiated coverage on shares of Prudential Financial, Inc. PRU. They issued a neutral rating on the stock.

Argus initiated coverage on shares of Phillips 66 PSX. They issued a buy rating on the stock and set a $43.00 price target.

Stifel Nicolaus downgraded shares of Penn Virginia PVA from a buy rating to a hold rating.

RBC Capital downgraded shares of Penn West Energy Trust PWE from an outperform rating to a sector perform rating. Their analysts now have a $17.00 price target on the stock, down previously from $25.00.

Barclays Capital downgraded shares of Penn West Energy Trust PWE from an equalweight rating to an underweight rating.

RBC Capital downgraded shares of Royal Dutch Shell RDS from a top pick rating to a sector perform rating.

RBC Capital upgraded shares of Repsol YPF SA REPYY from a sector perform rating to a top pick rating.

Sterne Agee upgraded shares of Renasant Corp. RNST from an underperform rating to a neutral rating.

Barrington Research downgraded shares of Rovi Corp ROVI from an outperform rating to a market perform rating.

JPMorgan Chase downgraded shares of Rovi Corp ROVI from an overweight rating to a neutral rating.

Cowen downgraded shares of Rovi Corp ROVI from an outperform rating to a neutral rating.

BMO Capital Markets downgraded shares of Rovi Corp ROVI from an outperform rating to a market perform rating.

Piper Jaffray downgraded shares of Rovi Corp ROVI from an overweight rating to a neutral rating.

UBS AG initiated coverage on shares of StanCorp Financial Group, Inc. SFG. They issued a sell rating on the stock.

Bank of America initiated coverage on shares of Shutterfly SFLY. They issued a buy rating on the stock and set a $40.00 price target.

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