Equity Brief: Ratings Changes for December 14th: CRS, CVS, CXO, DAL, DD, DE, DNR, DOW
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:
Goldman Sachs initiated coverage on shares of Carpenter Technology (CRS). They issued a buy rating on the stock and set a $63.00 price target.
ISI Group raised its price target on shares of CVS Caremark (CVS) from $53.50 to $57.00. They have a buy rating on the stock.
Macquarie upgraded shares of CVS Caremark (CVS) from a neutral rating to an outperform rating. Macquarie now has a $55.00 price target on the stock, up previously from $54.00.
Cantor Fitzgerald raised its price target on shares of CVS Caremark (CVS) from $55.00 to $57.00. They have a buy rating on the stock.
RBC Capital upgraded shares of Concho Resources Inc. (CXO) from an outperform rating to a top pick rating. RBC Capital now has a $120.00 price target on the stock.
Credit Agricole initiated coverage on shares of Concho Resources Inc. (CXO). They issued an outperform rating on the stock and set a $96.00 price target.
UBS AG raised its price target on shares of Delta Air Lines (DAL) from $15.00 to $16.00. They have a buy rating on the stock.
SunTrust initiated coverage on shares of DuPont (DD). They issued a reduce rating on the stock and set a $37.00 price target.
Macquarie initiated coverage on shares of Deere & Company (DE). They issued an outperform rating on the stock and set a $102.00 price target.
Zacks reiterated its neutral rating on shares of Denbury Resources Inc. (DNR). They have a $17.00 price target on the stock. Zacks' analyst wrote, "We reiterate our Neutral recommendation for Denbury Resources. The company's third quarter 2012 earnings were in line with the Consensus. With its unique profile, compelling economics and an unmatched infrastructure, Denbury is nicely positioned to deliver long-term sustainable growth. The Thompson Field transaction adds to Denbury's inventory of tertiary projects and emphasizes synergies with the existing carbon dioxide (CO2) infrastructure. Additional positives for Denbury include a strong financial position, low-risk investments and an active divestment policy. However, we remain cautious due to high cost levels associated with the tertiary oil recovery method and harsh weather conditions that may restrict the activity level."
SunTrust initiated coverage on shares of The Dow Chemical Company (DOW). They issued a reduce rating on the stock and set a $25.00 price target.
Nomura upgraded shares of DaVita Inc. (DVA) from a neutral rating to a buy rating. Nomura now has a $121.00 price target on the stock.
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