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Equity Briefing: Upgrades and Downgrades for August 27th: FDS, GMED, INTC, IRG, JAZZ, KEG, LYB, MOS, MRTN

Mon, 08/27/2012 - 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:

William Blair  initiated coverage on shares of FactSet (NYSE: FDS). They issued a market perform rating on the stock.

William Blair  initiated coverage on shares of Globus Medical Inc (NASDAQ: GMED). They issued an outperform rating on the stock.

Sterne Agee  lowered its price target on shares of Intel (NASDAQ: INTC) from $25.00 to $24.00. They have a neutral rating on the stock.

KeyBanc  downgraded shares of Ignite Restaurant Group Inc (NYSE: IRG) from a buy rating to a hold rating.

WallachBeth  initiated coverage on shares of Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ). They issued a buy rating on the stock and set a $63.00 price target.

SunTrust  upgraded shares of Key Energy (NYSE: KEG) from a neutral rating to a buy rating. SunTrust now has a $12.00 price target on the stock.

UBS AG  downgraded shares of LyondellBasell (NYSE: LYB) from a buy rating to a neutral rating. Their analysts now have a $51.00 price target on the stock, up previously from $49.00. They noted that the move was a valuation call.

Topeka Capital  initiated coverage on shares of The Mosaic Company (NYSE: MOS). They issued a hold rating on the stock.

Wunderlich  upgraded shares of Marten Transport, Ltd (NASDAQ: MRTN) from a hold rating to a buy rating. Wunderlich now has a $23.00 price target on the stock, up previously from $20.00.

Susquehanna  upgraded shares of Madison Square Garden, Inc. (NYSE: MSG) from a negative rating to a neutral rating. Susquehanna now has a $39.00 price target on the stock, up previously from $28.00.

Ladenburg Thalmann  initiated coverage on shares of New York Mortgage Trust, Inc. (NASDAQ: NYMT). They issued a buy rating on the stock and set a $7.50 price target.

Benchmark Co.  raised its price target on shares of OpenTable Inc (NASDAQ: OPEN) from $45.00 to $49.00. They have a buy rating on the stock.

Canaccord Genuity  reiterated its hold rating on shares of Universal Display Co. (NASDAQ: PANL).

FBR Capital  downgraded shares of Public Service Enterprise Group Inc. (NYSE: PEG) from a market perform rating to an underperform rating. Their analysts now have a $30.00 price target on the stock.

Jefferies Group  upgraded shares of Rue21 (NYSE: RUE) from a hold rating to a buy rating. Jefferies Group now has a $40.00 price target on the stock, up previously from $32.00.

Jefferies Group  reiterated its buy rating on shares of China Petroleum and Chemical (NYSE: SNP).

Chardan Capital  downgraded shares of Spreadtrum Comms (NASDAQ: SPRD) from a buy rating to a neutral rating. Their analysts now have a $20.00 price target on the stock.

ThinkEquity  initiated coverage on shares of Sarepta Therapeutic (NASDAQ: SRPT). They issued a buy rating on the stock.

Citigroup  upgraded shares of TreeHouse Foods Inc. (NYSE: THS) from a neutral rating to a buy rating. Citigroup now has a $61.00 price target on the stock, up previously from $56.00.

UBS AG  downgraded shares of Westlake Chemical Corp (NYSE: WLK) from a neutral rating to a sell rating. Their analysts now have a $61.00 price target on the stock, up previously from $54.00.

BMO Capital Markets  upgraded shares of Weyerhaeuser (NYSE: WY) from an underperform rating to a market perform rating.

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

Content and Media Contact: newseditor@equitybriefing.com

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

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