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Equity Briefing: Upgrades and Downgrades for July 24th: NOW, NOW, NRG, NXY, OLP, PAG, PCS, PEET, PGRX, PHM, PO
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
Citigroup initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued a buy rating on the stock and set a $30.00 price target.
Morgan Stanley initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued an equal weight rating on the stock.
JPMorgan Chase initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued an overweight rating on the stock.
Deutsche Bank initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued a buy rating on the stock and set a $34.00 price target.
Barclays Capital initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued an overweight rating on the stock.
Pacific Crest initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued an outperform rating on the stock.
Wells Fargo & Co. initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued an outperform rating on the stock.
Credit Suisse initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued a neutral rating on the stock.
UBS AG initiated coverage on shares of ServiceNow Inc (NYSE: NOW). They issued a neutral rating on the stock.
Deutsche Bank downgraded shares of NRG Energy, Inc. (NYSE: NRG) from a buy rating to a hold rating.
CIBC downgraded shares of Nexen Inc. (NYSE: NXY) to an underperform rating.
Raymond James downgraded shares of Nexen Inc. (NYSE: NXY) from an outperform rating to a market perform rating.
Compass Point raised its price target on shares of One Liberty Properti (NYSE: OLP) from $18.00 to $21.00. They have a buy rating on the stock.
Goldman Sachs downgraded shares of Penske Automotive (NYSE: PAG) from a neutral rating to a sell rating. They noted that the move was a valuation call.
Macquarie upgraded shares of MetroPCS (NYSE: PCS) from a neutral rating to an outperform rating.
Jefferies Group downgraded shares of Peet S Coffee & Tea Inc (NASDAQ: PEET) from a buy rating to a hold rating.
Dahlman Rose initiated coverage on shares of Prospect Global Resources Inc (NASDAQ: PGRX). They issued a buy rating on the stock and set a $5.00 price target.
Susquehanna downgraded shares of PulteGroup, Inc. (NYSE: PHM) from a neutral rating to a neutral rating.
Goldman Sachs upgraded shares of Portland General Electric Company (NYSE: POR) from a sell rating to a neutral rating.
Morgan Stanley downgraded shares of RailAmerica, Inc. (NYSE: RA) from an equalweight rating to an underweight rating.
Wells Fargo & Co. downgraded shares of RailAmerica, Inc. (NYSE: RA) from an outperform rating to a market perform rating.
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