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:
Buckingham Research initiated coverage on shares of Carpenter Technology (CRS). They issued a buy rating on the stock and set a $64.00 price target.
Zacks downgraded shares of Cytec Industries Inc. (CYT) from a neutral rating to an underperform rating. Their analysts now have a $67.60 price target on the stock.
Barclays Capital reiterated its overweight rating on shares of Cosan Limited (CZZ). They have a $21.00 price target on the stock.
Stephens downgraded shares of Darling International Inc. (DAR) from an overweight rating to an equal weight rating. Their analysts now have a $18.00 price target on the stock, down previously from $19.00.
Janney Montgomery Scott reiterated its buy rating on shares of Deckers Outdoor (DECK). They have a $50.00 price target on the stock.
Stifel Nicolaus upgraded shares of Discover Financial Services (DFS) from a hold rating to a buy rating. Stifel Nicolaus now has a $46.00 price target on the stock.
FBR Capital downgraded shares of Discover Financial Services (DFS) from an outperform rating to a market perform rating. Their analysts now have a $42.00 price target on the stock, down previously from $44.00.
Sterne Agee upgraded shares of Brinker International, Inc. (EAT) from a neutral rating to a buy rating. Sterne Agee now has a $36.00 price target on the stock.
Zacks reiterated its neutral rating on shares of eBay, Inc. (EBAY). They have a $54.00 price target on the stock. Zacks' analyst wrote, "eBay is one of the largest online retailers in the world today. The company's second quarter earnings were ahead of the Zacks Consensus and guidance for the third quarter was strong. Turnaround in the Marketplaces segment, a focus on buying experience, momentum in the Payments segment, recent agreement with Discover, opportunities in the fast-growing mobile space, international expansion and a strong balance sheet are the current positives of eBay's business. However, the company continues to lag its top competitor Amazon and competition in online retail is only likely to get more intense. We are therefore, reiterating our Neutral rating. "
JPMorgan Chase downgraded shares of Eloqua Inc (ELOQ) from an overweight rating to a neutral rating. Their analysts now have a $23.50 price target on the stock, down previously from $27.00.
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/equitybriefdaily
Content and Media Contact: email@example.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 Brief via Thomson Reuters ONE