Market Overview

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

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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. (NASDAQ: 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. (NYSE: PRU). They issued a neutral rating on the stock.

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

Stifel Nicolaus downgraded shares of Penn Virginia (NYSE: PVA) from a buy rating to a hold rating.

RBC Capital downgraded shares of Penn West Energy Trust (NYSE: 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 (NYSE: PWE) from an equalweight rating to an underweight rating.

RBC Capital downgraded shares of Royal Dutch Shell (NASDAQ: RDS-A) from a top pick rating to a sector perform rating.

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

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

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

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

Cowen downgraded shares of Rovi Corp (NASDAQ: ROVI) from an outperform rating to a neutral rating.

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

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

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

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

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Source: Equity Briefing via Thomson Reuters ONE

HUG#1627725

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