Equity Briefing: Upgrades and Downgrades for August 10th: DNSKY, EAT, EOG, EPAY, ESE, FNSR, FXCM, GGG, GSK

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:

Citigroup  downgraded shares of Danske Bank A/S DNSKY from a buy rating to a neutral rating.

Raymond James  downgraded shares of Brinker International, Inc. EAT from an outperform rating to a market perform rating.

Miller Tabak  upgraded shares of EOG Resources EOG from a neutral rating to a buy rating. Miller Tabak now has a $124.00 price target on the stock.

Craig Hallum  upgraded shares of Bottomline Technologies EPAY from a hold rating to a buy rating. Craig Hallum now has a $26.00 price target on the stock.

Ardour Capital  downgraded shares of ESCO Technologies Inc. ESE from an accumulate rating to a hold rating. Their analysts now have a $38.00 price target on the stock.

Goldman Sachs  initiated coverage on shares of Finisar FNSR. They issued a neutral rating on the stock and set a $16.00 price target.

Citigroup  downgraded shares of FXCM Inc FXCM from a buy rating to a neutral rating.

Oppenheimer  upgraded shares of Graco Inc. GGG from a perform rating to an outperform rating. Oppenheimer now has a $58.00 price target on the stock.

Cowen  downgraded shares of GlaxoSmithKline GSK from an outperform rating to a neutral rating.

Global Hunter Securities  upgraded shares of Harvest Natural Resources, Inc. HNR from an accumulate rating to a buy rating. Global Hunter Securities now has a $11.50 price target on the stock.

Goldman Sachs  initiated coverage on shares of JDS Uniphase Co. JDSU. They issued a buy rating on the stock and set a $14.00 price target.

Needham & Company  upgraded shares of Jive Software Inc (NASDAQ: jive) from a hold rating to a buy rating. Needham & Company now has a $20.00 price target on the stock.

Credit Suisse  initiated coverage on shares of Cheniere Energy Inc LNG. They issued an outperform rating on the stock and set a $18.00 price target.

Goldman Sachs  initiated coverage on shares of Level 3 LVLT. They issued a buy rating on the stock and set a $30.00 price target.

Feltl & Co.  upgraded shares of Metropolitan Health Networks, Inc. MDF from a buy rating to a strong-buy rating. Feltl & Co. now has a $10.00 price target on the stock.

Robert W. Baird  downgraded shares of The Middleby Corporation MIDD from an outperform rating to a neutral rating. Their analysts now have a $106.00 price target on the stock. They noted that the move was a valuation call.

Wellington Shields  upgraded shares of The Middleby Corporation MIDD from a gradually accumulate rating to a buy rating.

Sterne Agee  upgraded shares of AG Mortgage Investment Trust MITT from a neutral rating to a buy rating. Sterne Agee now has a $24.50 price target on the stock.

Credit Suisse  downgraded shares of Mechel MTL from a neutral rating to an underperform rating.

Sidoti  initiated coverage on shares of Metals USA Holdings Corp MUSA. They issued a buy rating on the stock and set a $23.00 price target.

Credit Suisse  initiated coverage on shares of MarkWest Energy Partners MWE. They issued an outperform rating on the stock and set a $59.00 price target.

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