Equity Briefing: Upgrades and Downgrades for August 21st: ABB, ACOR, AMRE, ARCT, ARUN, AUXL, BID, BSFT, BXP

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:

Deutsche Bank  downgraded shares of ABB Ltd ABB from a hold rating to a sell rating. Their analysts now have a $15.00 price target on the stock, down previously from $17.50.

Aegis  initiated coverage on shares of Acorda Therapeutics Inc. ACOR. They issued a buy rating on the stock and set a $32.00 price target.

Robert W. Baird  initiated coverage on shares of AmREIT Inc AMRE. They issued an outperform rating on the stock and set a $17.00 price target.

Robert W. Baird  initiated coverage on shares of American Realty Capital Trust, Inc. ARCT. They issued a neutral rating on the stock and set a $12.00 price target.

Raymond James  initiated coverage on shares of Aruba Networks, Inc. ARUN. They issued a market perform rating on the stock.

Morgan Stanley  downgraded shares of Auxilium Pharma AUXL from an equal weight rating to an underweight rating. Their analysts now have a $16.00 price target on the stock.

Williams Capital  downgraded shares of Sotheby's BID from a hold rating to a sell rating. Their analysts now have a $23.00 price target on the stock, down previously from $28.00.

Raymond James  initiated coverage on shares of Broadsoft  Inc BSFT. They issued an underperform rating on the stock.

Jefferies Group  reiterated its hold rating on shares of Boston Properties BXP.

Roth Capital  downgraded shares of CIBER, Inc. CBR from a buy rating to a neutral rating. Their analysts now have a $3.50 price target on the stock.

Jefferies Group  reiterated its positive rating on shares of Celgene CELG. They have a $81.00 price target on the stock.

Jefferies Group  reiterated its underperform rating on shares of CNOOC CEO.

Canaccord Genuity  raised its price target on shares of Continental Resources, Inc. CLR from $89.00 to $94.00. They have a buy rating on the stock.

Wedbush  upgraded shares of Coventry Health Care, Inc. CVH from an underperform rating to a neutral rating. Wedbush now has a $42.00 price target on the stock.

C.K. Cooper  initiated coverage on shares of Ducommun Incorporated DCO. They issued a buy rating on the stock.

Cowen  initiated coverage on shares of Del Frisco's Restaurant Group Inc DFRG. They issued an outperform rating on the stock.

Deutsche Bank  initiated coverage on shares of Del Frisco's Restaurant Group Inc DFRG. They issued a buy rating on the stock and set a $15.00 price target.

Guggenheim  downgraded shares of Diamond Offshore Drilling, Inc. DO from a buy rating to a neutral rating. Their analysts now have a $77.00 price target on the stock.

Nomura  reiterated its buy rating on shares of Deutsche Telekom AG DT.

Societe Generale  downgraded shares of EnCana Co. ECA from a hold rating to a sell rating.

Argus  downgraded shares of Edison International EIX from a buy rating to a hold rating.

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