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Equity Briefing: Upgrades and Downgrades for July 23rd: CVCY, CY, DANOY, DECK, DTE, DVN, EADSY, EGP, ELN, EQM

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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:

Raymond James upgraded shares of Central Valley Community Bancorp (NASDAQ: CVCY) from a market perform rating to an outperform rating.

Cantor Fitzgerald upgraded shares of Cypress Semi (NYSE: CY) from a sell rating to a hold rating.

Societe Generale downgraded shares of Groupe Danone SA (NASDAQ: DANOY) from a buy rating to a hold rating.

Sterne Agee downgraded shares of Deckers Outdoor (NASDAQ: DECK) from a neutral rating to an underperform rating.

Argus downgraded shares of DTE Energy Co (NYSE: DTE) from a buy rating to a hold rating.

Tudor Pickering downgraded shares of Devon Energy Co. (NYSE: DVN) from a buy rating to an accumulate rating.

RBC Capital downgraded shares of EUROPEAN ARN D&S UNSP/ADR (NASDAQ: EADSY) from an outperform rating to a sector perform rating.

Wunderlich downgraded shares of EastGroup Properties Inc. (NYSE: EGP) from a buy rating to a hold rating. Their analysts now have a $55.00 price target on the stock. They noted that the move was a valuation call.

Leerink Swann initiated coverage on shares of Elan Corp. (NYSE: ELN). They issued a market perform rating on the stock. They noted that the move was a valuation call.

Bank of America initiated coverage on shares of EQT Midstream Partners LP (NYSE: EQM). They issued a buy rating on the stock.

Barclays Capital initiated coverage on shares of EQT Midstream Partners LP (NYSE: EQM). They issued an overweight rating on the stock.

Deutsche Bank initiated coverage on shares of EQT Midstream Partners LP (NYSE: EQM). They issued a hold rating on the stock.

Credit Suisse initiated coverage on shares of EQT Midstream Partners LP (NYSE: EQM). They issued an outperform rating on the stock.

JPMorgan Chase initiated coverage on shares of EQT Midstream Partners LP (NYSE: EQM). They issued an overweight rating on the stock and set a $29.00 price target.

Robert W. Baird initiated coverage on shares of Exa Corp (NYSE: EXA). They issued an outperform rating on the stock and set a $13.00 price target.

Canaccord Genuity initiated coverage on shares of Exa Corp (NYSE: EXA). They issued a buy rating on the stock.

Needham & Company initiated coverage on shares of Exa Corp (NYSE: EXA). They issued a buy rating on the stock and set a $14.00 price target.

Stifel Nicolaus initiated coverage on shares of Exa Corp (NYSE: EXA). They issued a buy rating on the stock and set a $16.00 price target.

Global Hunter Securities upgraded shares of Excel Maritime Carriers Ltd (NYSE: EXM) from a reduce rating to a neutral rating.

ISI Group downgraded shares of Extra Space Storage (NYSE: EXR) from a buy rating to a hold rating.

Compass Point upgraded shares of Fifth Third Bancorp (NASDAQ: FITB) from a neutral rating to a buy rating. Compass Point now has a $17.00 price target on the stock, up previously from $15.00.

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Source: Equity Briefing via Thomson Reuters ONE

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