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Equity Briefing: Upgrades and Downgrades for July 30th: NQ, NWL, OII, PACB, PDH, PEET, PETM, PHM, PSX, RGC, RI

Mon, 07/30/2012 - 7:13am
The Associated Press

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:

Canaccord Genuity  reiterated its buy rating on shares of NetQin Mobile (NYSE: NQ).

Morgan Stanley  downgraded shares of Newell Rubbermaid (NYSE: NWL) from an overweight rating to an equal weight rating.

Dahlman Rose  raised its price target on shares of Oceaneering International (NYSE: OII) from $59.00 to $62.00. They have a buy rating on the stock.

Morgan Stanley  downgraded shares of Pacific Biosciences of California (NASDAQ: PACB) from an equal weight rating to an underweight rating.

Citigroup  upgraded shares of PetroLogistics LP (NYSE: PDH) from a neutral rating to a buy rating.

KeyBanc  downgraded shares of Peet S Coffee & Tea  Inc (NASDAQ: PEET) from a buy rating to a hold rating.

Nomura  downgraded shares of Petsmart  Inc (NASDAQ: PETM) from a buy rating to a neutral rating. They noted that the move was a valuation call.

Citigroup  downgraded shares of PulteGroup, Inc. (NYSE: PHM) from a buy rating to a neutral rating.

Barclays Capital  upgraded shares of Phillips 66 (NYSE: PSX) from an equalweight rating to an overweight rating.

Barrington Research  upgraded shares of Regal Entertainment (NYSE: RGC) from a market perform rating to an outperform rating. Barrington Research now has a $18.00 price target on the stock.

Axiom Securities  initiated coverage on shares of Rio Tinto (NYSE: RIO). They issued a sell rating on the stock and set a $33.00 price target.

Susquehanna  upgraded shares of SAIC, Inc. (NYSE: SAI) from a negative rating to a neutral rating.

ThinkEquity  downgraded shares of Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) from a buy rating to a hold rating.

Susquehanna  downgraded shares of Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) from a positive rating to a neutral rating.

Cantor Fitzgerald  downgraded shares of Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) from a buy rating to a hold rating. Their analysts now have a $59.00 price target on the stock, down previously from $61.00.

HSBC  upgraded shares of Siliconware Precisio (NASDAQ: SPIL) from a neutral rating to an overweight rating.

ING Group  downgraded shares of Syngenta AG (NYSE: SYT) from a hold rating to a sell rating.

BB&T  downgraded shares of Teledyne Technologies Incorporated (NYSE: TDY) from a buy rating to a hold rating.

JPMorgan Chase  upgraded shares of Domtar Corp. (NYSE: UFS) from a neutral rating to an overweight rating. JPMorgan Chase now has a $83.00 price target on the stock.

Standpoint Research  initiated coverage on shares of URS Co. (NYSE: URS). They issued a buy rating on the stock and set a $44.00 price target.

Deutsche Bank  initiated coverage on shares of Vodafone (NYSE: VOD). They issued a buy rating on the stock.

Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at http://bit.ly/arndailyr

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Equity Briefing via Thomson Reuters ONE

HUG#1630500

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