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Equity Briefing: Upgrades and Downgrades for August 9th: AAPL, ABR, AEP, AFFY, AFL, AGPPY, AMRN, AUTH, BHI

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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:

Stifel Nicolaus  initiated coverage on shares of Apple, Inc (NASDAQ: AAPL). They issued a buy rating on the stock and set a $825.00 price target.

JMP Securities  initiated coverage on shares of Arbor Realty Trust, Inc. (NYSE: ABR). They issued an outperform rating on the stock and set a $7.00 price target.

ISI Group  upgraded shares of American Electric Power (NYSE: AEP) from a hold rating to a buy rating. ISI Group now has a $46.00 price target on the stock.

Bank of America  upgraded shares of American Electric Power (NYSE: AEP) from a neutral rating to a buy rating. Bank of America now has a $46.00 price target on the stock.

Jefferies Group  raised their EPS estimates on shares of American Electric Power (NYSE: AEP). They now have a buy rating and a $47.00 price target on the stock. They previously had issued a $46.00 price target.

Robert W. Baird  reiterated its outperform rating on shares of Affymax, Inc. (NASDAQ: AFFY). They have a $20.00 price target on the stock.

FBR Capital  downgraded shares of AFLAC (NYSE: AFL) from an outperform rating to a market perform rating.

Nomura  initiated coverage on shares of Anglo American Platinum Limited (NASDAQ: AGPPY). They issued a reduce rating on the stock.

Canaccord Genuity  reiterated its buy rating on shares of Amarin Co. plc (NASDAQ: AMRN). They have a $26.00 price target on the stock, down previously from $27.00.

Raymond James  downgraded shares of AuthenTec Inc (NASDAQ: AUTH) from an outperform rating to a market perform rating.

Societe Generale  upgraded shares of Baker Hughes (NYSE: BHI) from a hold rating to a buy rating. Societe Generale now has a $67.00 price target on the stock.

JPMorgan Chase  upgraded shares of Beazer Homes USA, Inc. (NYSE: BZH) from an underweight rating to an overweight rating.

DA Davidson  downgraded shares of Cbeyond Comms (NASDAQ: CBEY) from a neutral rating to an underperform rating. Their analysts now have a $7.00 price target on the stock.

Longbow Research  initiated coverage on shares of C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW). They issued a neutral rating on the stock.

Capstone  initiated coverage on shares of CIRCOR International, Inc. (NYSE: CIR). They issued a buy rating on the stock and set a $41.00 price target.

Needham & Company  lowered its price target on shares of Clean Harbors, Inc. (NYSE: CLH) from $74.00 to $68.00. They have a buy rating on the stock.

Deutsche Bank  downgraded shares of Commerzbank AG (NASDAQ: CRZBY) from a buy rating to a hold rating.

Goldman Sachs  upgraded shares of Cisco Systems, Inc. (NASDAQ: CSCO) from a buy rating to a buy rating. Goldman Sachs now has a $24.00 price target on the stock. They also added the stock to their conviction buy list.

Piper Jaffray  upgraded shares of Cisco Systems, Inc. (NASDAQ: CSCO) from a neutral rating to an overweight rating. Piper Jaffray now has a $22.00 price target on the stock, up previously from $20.00.

Stifel Nicolaus  downgraded shares of CommonWealth REIT (NYSE: CWH) from a hold rating to a sell rating.

William Blair  initiated coverage on shares of Cyberonics (NASDAQ: CYBX). They issued an outperform rating on the stock.

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Source: Equity Briefing via Thomson Reuters ONE

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