A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:
Susquehanna raised its price target on shares of Penn National Gaming PENN from $49.00 to $57.00. They have a positive rating on the stock.
Barclays Capital upgraded shares of Petsmart Inc PETM from an equal weight rating to an overweight rating.
Robert W. Baird downgraded shares of PennantPark Investment Corp. PNNT from an outperform rating to a neutral rating. Their analysts now have a $11.00 price target on the stock, down previously from $12.00.
JPMorgan Chase upgraded shares of Rambus Inc. RMBS from a neutral rating to an overweight rating. JPMorgan Chase now has a $7.00 price target on the stock. They wrote, "After falling 46% year-to-date (S&P 500 up 8.1%), we think the stock, trading at trough-level multiples, is now largely de-risked. At $4.00-$4.50 we think investors are limited from further downside by the value of SBG contracted revenue (even withoutrenewals) plus cash on hand, and the break-up value of the LED and CRI new businesses. We believe a potential settlement with Hynix presents near-term upside for short-term investors."
William Blair upgraded shares of SAP Aktiengesellschaft SAP from a market perform rating to an outperform rating.
Raymond James upgraded shares of SandRidge Mississippian Trust I (SDT) from an underperform rating to a market perform rating.
Citigroup upgraded shares of Spectra Energy Partners, LP (SEP) from a neutral rating to a buy rating. Citigroup now has a $33.00 price target on the stock.
Stifel Nicolaus raised its price target on shares of Sirona Dental (SIRO) from $68.00 to $72.00. They have a buy rating on the stock.
JPMorgan Chase upgraded shares of Suncor Energy Inc. (SU) from a neutral rating to an overweight rating.
Aegis initiated coverage on shares of Trius Therapeutics Inc (TSRX). They issued a buy rating on the stock and set a $15.00 price target.
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Source: Equity Brief via Thomson Reuters ONE
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