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:
Wunderlich downgraded shares of Cypress Sharpridge Investments, Inc. (CYS) from a buy rating to a hold rating.
Credit Suisse upgraded shares of Ecolab Inc. (ECL) from a neutral rating to an outperform rating.
Oppenheimer upgraded shares of New Oriental Education & Tech. Group Inc (EDU) from a market perform rating to an outperform rating. Oppenheimer now has a $25.00 price target on the stock. They wrote, "EDU filed its FY12 20-F last Friday (10/12) with consistent historical financials, an unqualified auditor's report, additional VIE agreements & positive SEC comment on its historical financial reporting, indicating favorable outlook of the currently pending SEC investigation, which now relates to review of its FY12 20-F and the special committee's findings, per our understanding. Our channel checks also suggest its fundamentals remained intact during the past three months."
Leerink Swann downgraded shares of Elan Corp. (ELN) from a market perform rating to an underperform rating.
Oppenheimer raised its price target on shares of Google Inc. (GOOG) from $752.00 to $800.00. They have an outperform rating on the stock.
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