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Equity Briefing: Upgrades and Downgrades for August 9th: DIOD, ELGX, ENV, ESRX, FL, FRX, FSTR, FSYS, GLUU

Fri, 08/10/2012 - 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:

Needham & Company  lowered its price target on shares of Diodes (NASDAQ: DIOD) from $22.00 to $20.00. They have a buy rating on the stock.

Piper Jaffray  upgraded shares of Endologix, Inc. (NASDAQ: ELGX) from a neutral rating to an overweight rating. Piper Jaffray now has a $16.00 price target on the stock.

Avondale Partners  upgraded shares of Envestnet Inc Common (NYSE: ENV) from a market perform rating to an outperform rating.

Oppenheimer  raised its price target on shares of Express Scripts, Inc. (NASDAQ: ESRX) from $63.00 to $68.00. They have an outperform rating on the stock.

Canaccord Genuity  reiterated its buy rating on shares of Foot Locker (NYSE: FL). They have a $40.00 price target on the stock.

JPMorgan Chase  downgraded shares of Forest Laboratories, Inc. (NYSE: FRX) from an overweight rating to a neutral rating. Their analysts now have a $37.00 price target on the stock.

DA Davidson  upgraded shares of L.B. Foster Company (NASDAQ: FSTR) from a neutral rating to a buy rating. DA Davidson now has a $42.00 price target on the stock.

ThinkEquity  upgraded shares of Fuel Systems Solutions (NASDAQ: FSYS) from a hold rating to a buy rating. ThinkEquity now has a $19.00 price target on the stock.

Northland Securities  downgraded shares of Fuel Systems Solutions (NASDAQ: FSYS) from an outperform rating to a market perform rating. Their analysts now have a $22.00 price target on the stock, down previously from $28.00.

Canaccord Genuity  reiterated its hold rating on shares of Fuel Systems Solutions (NASDAQ: FSYS). They have a $19.00 price target on the stock.

Piper Jaffray  initiated coverage on shares of Glu Mobile Inc. (NASDAQ: GLUU). They issued an overweight rating on the stock and set a $6.00 price target.

Drexel Hamilton  upgraded shares of Huntington Ingalls (NYSE: HII) from a hold rating to a buy rating. Drexel Hamilton now has a $47.00 price target on the stock.

DA Davidson  downgraded shares of Hillshire Brands (NYSE: HSH) from a neutral rating to an underperform rating. Their analysts now have a $20.00 price target on the stock.

JPMorgan Chase  downgraded shares of Hospira, Inc. (NYSE: HSP) from an overweight rating to a neutral rating. Their analysts now have a $38.00 price target on the stock.

Longbow Research  initiated coverage on shares of Hub Group, Inc. (NASDAQ: HUBG). They issued a neutral rating on the stock.

JPMorgan Chase  downgraded shares of International Flavors & Fragrances Inc. (NYSE: IFF) from an overweight rating to a neutral rating. Their analysts now have a $65.00 price target on the stock, up previously from $60.00. They noted that the move was a valuation call.

Avondale Partners  downgraded shares of Intercontinental Hotels Group (NYSE: IHG) from an outperform rating to a market perform rating.

Craig Hallum  upgraded shares of IntraLinks Holdings, Inc. (NYSE: IL) from a hold rating to a buy rating. Craig Hallum now has a $8.00 price target on the stock.

Caris & Co.  upgraded shares of Inter Parfums Inc (NASDAQ: IPAR) from an above average rating to an average rating. Caris & Co. now has a $20.00 price target on the stock, up previously from $18.00.

Nomura  upgraded shares of Interpublic Group of Companies, Inc. (NYSE: IPG) from a neutral rating to a buy rating. Nomura now has a $13.00 price target on the stock. They noted that the move was a valuation call.

BB&T  downgraded shares of KAR Auction Services Inc (NYSE: KAR) from a buy rating to a hold 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

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#1633313

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