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Equity Briefing: Upgrades and Downgrades for August 6th: SM, SPP, SUSS, TE, WCG, WCRX, WMT, ZEUS
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network ( http://bit.ly/arndailyr ) and Equity Briefing:
Oppenheimer lowered its price target on shares of SM Energy (NYSE: SM) from $92.00 to $65.00. They have an outperform rating on the stock.
Citigroup upgraded shares of Sappi Limited (NYSE: SPP) from a neutral rating to a buy rating.
Benchmark Co. raised its price target on shares of Susser Holdings Co. (NASDAQ: SUSS) from $38.00 to $42.00. They have a buy rating on the stock.
Williams Capital downgraded shares of TECO Energy, Inc. (NYSE: TE) from a buy rating to a hold rating.
Susquehanna upgraded shares of WellCare Group (NYSE: WCG) from a neutral rating to a positive rating. Susquehanna now has a $70.00 price target on the stock, up previously from $61.00.
Wedbush upgraded shares of WellCare Group (NYSE: WCG) from a neutral rating to an outperform rating. Wedbush now has a $72.00 price target on the stock.
Morgan Stanley downgraded shares of Warner Chilcott (NASDAQ: WCRX) from an overweight rating to an equal weight rating.
Stifel Nicolaus upgraded shares of Wal Mart Stores Inc (NYSE: WMT) from a hold rating to a buy rating. Stifel Nicolaus now has a $83.00 price target on the stock.
Jefferies Group reiterated its buy rating on shares of Olympic Steel, Inc. (NASDAQ: ZEUS). They have a $22.00 price target on the stock, down previously from $25.00.
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