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Equity Briefing: Stock Analysts' Downgrades for July 12th
A number of stocks were downgraded by equities research analysts today, as reported by Analyst Ratings Network :
Archer Daniels Midland Company (NYSE: ADM) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equalweight" rating.
ADTRAN, Inc. (NASDAQ: ADTN) was downgraded by analysts at Capstone from a "buy" rating to a "hold" rating. They now have a $26.00 price target on the stock, down previously from $38.00. It was also downgraded by analysts at MKM Partners from a "neutral" rating to a "sell" rating.
AMERIGROUP Co. (NYSE: AGP) was downgraded by analysts at JPMorgan Chase from a "neutral" rating to an "overweight" rating. They now have a $70.00 price target on the stock, down previously from $92.00. The stock was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating and was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.
American States Water Company (NYSE: AWR) was downgraded by analysts at Brean Murray from a "buy" rating to a "hold" rating. They noted that the move was a valuation call.
Banco Bilbao Vizcaya Argentaria SA (NASDAQ: BBVA) was downgraded by analysts at Credit Suisse from an "outperform" rating to a "neutral" rating.
Dominion Resources, Inc. (NYSE: D) was downgraded by analysts at Atlantic Securities from an "overweight" rating to a "neutral" rating.
DragonWave Inc (NASDAQ: DRWI) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.
El Paso Electric (NYSE: EE) was downgraded by analysts at Jefferies Group from a "buy" rating to a "hold" rating.
Family Dollar Stores, Inc. (NYSE: FDO) was downgraded by analysts at Bank of America from a "neutral" rating to an "underperform" rating. They now have a $71.00 price target on the stock, up previously from $60.00.
Georgia Gulf (NYSE: GGC) was downgraded by analysts at JPMorgan Chase from an "overweight" rating to a "neutral" rating.
Hormel Foods Co. (NYSE: HRL) was downgraded by analysts at Janney Montgomery Scott from a "neutral" rating to a "sell" rating.
JA Solar (NASDAQ: JASO) was downgraded by analysts at Piper Jaffray from an "overweight" rating to a "neutral" rating.
LDK Solar (NYSE: LDK) was downgraded by analysts at Piper Jaffray from a "neutral" rating to an "underweight" rating. They now have a $2.50 price target on the stock, up previously from $1.00.
L'Oreal (NASDAQ: LRLCY) was downgraded by analysts at ING Group from a "hold" rating to a "sell" rating.
Lexmark International, Inc. (NYSE: LXK) was downgraded by analysts at Barclays Capital from an "equal weight" rating to an "underweight" rating.
Perrigo (NASDAQ: PRGO) was downgraded by analysts at Canaccord Genuity from a "buy" rating to a "hold" rating. They now have a $125.00 price target on the stock. They noted that the move was a valuation call.
Red Hat (NYSE: RHT) was downgraded by analysts at Oppenheimer from an "outperform" rating to a "market perform" rating. They now have a $56.00 price target on the stock.
Smithfield Foods, Inc. (NYSE: SFD) was downgraded by analysts at Bank of America from a "buy" rating to an "underperform" rating.
Statoil (NYSE: STO) was downgraded by analysts at Nomura from a "neutral" rating to a "reduce" rating.
Supervalu (NYSE: SVU) was downgraded by analysts at Longbow Research from a "buy" rating to a "neutral" rating.
Supervalu (NYSE: SVU) was downgraded by analysts at JPMorgan Chase from an "overweight" rating to a "neutral" rating.
Trina Solar (NYSE: TSL) was downgraded by analysts at Piper Jaffray from an "overweight" rating to a "neutral" rating. They now have a $6.60 price target on the stock, up previously from $6.00.
Tyson Foods, Inc. (NYSE: TSN) was downgraded by analysts at Bank of America from a "buy" rating to an "underperform" rating.
Tyson Foods, Inc. (NYSE: TSN) was downgraded by analysts at Morgan Stanley from an "equalweight" rating to an "underweight" rating.
Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) was downgraded by analysts at Piper Jaffray from an "overweight" rating to a "neutral" rating. They now have a $4.00 price target on the stock, up previously from $3.00.
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