Equity Briefing: Upgrades and Downgrades for August 16th: ODFL, PETM, PSA, SARA, SBAC, SINA, SPLS, ULTR, VPHM

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:

Longbow Research  initiated coverage on shares of Old Dominion ODFL. They issued a buy rating on the stock and set a $56.00 price target.

Wedbush  reiterated its outperform rating on shares of Petsmart  Inc PETM.

Jefferies Group  reiterated its hold rating on shares of Public Storage PSA.

C.K. Cooper  initiated coverage on shares of Saratoga Resources, Inc. Common Stock SARA. They issued a buy rating on the stock and set a $9.00 price target.

Citigroup  downgraded shares of SBA Communications Corp SBAC from a buy rating to a neutral rating. Their analysts now have a $62.00 price target on the stock.

Jefferies Group  downgraded shares of Sina SINA from a buy rating to a hold rating. Their analysts now have a $56.00 price target on the stock, down previously from $82.00.

Bank of America  upgraded shares of Sina SINA from a neutral rating to a buy rating. Bank of America now has a $63.00 price target on the stock.

Citigroup  downgraded shares of Staples, Inc. SPLS from a neutral rating to a sell rating. Their analysts now have a $10.00 price target on the stock, down previously from $15.00.

Goldman Sachs  reiterated its sell rating on shares of Staples, Inc. SPLS.

Jefferies Group  reiterated its buy rating on shares of Ultrapetrol Bahamas Ltd ULTR.

Caris & Co.  upgraded shares of ViroPharma Incorporated VPHM from an average rating to an above average rating. Caris & Co. now has a $30.00 price target on the stock, up previously from $19.00.

Roth Capital  downgraded shares of Yucheng Technologies YTEC from a buy rating to a neutral rating.

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