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Equity Briefing: Upgrades and Downgrades for July 19th: ABT, CYS, EQIX, EQR, FFIV, FRO, HUSA, INFA, JCI, LMCA
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
UBS AG raised its price target on shares of Abbott Laboratories (NYSE: ABT) from $68.00 to $72.00. They have a buy rating on the stock.
Ladenburg Thalmann downgraded shares of Cypress Sharpridge Investments, Inc. (NYSE: CYS) from a buy rating to a neutral rating.
Nomura initiated coverage on shares of Equinix, Inc. (NASDAQ: EQIX). They issued a buy rating on the stock.
Miller Tabak downgraded shares of Equity Residential (NYSE: EQR) from a neutral rating to a sell rating.
UBS AG lowered its price target on shares of F5 Networks (NASDAQ: FFIV) from $120.00 to $110.00. They have a neutral rating on the stock.
Imperial Capital initiated coverage on shares of Frontline Ltd. (NYSE: FRO). They issued an underperform rating on the stock and set a $2.50 price target.
C.K. Cooper downgraded shares of Houston American Energy Corp (NASDAQ: HUSA) from a buy rating to a hold rating.
Credit Suisse initiated coverage on shares of Informatica Co. (NASDAQ: INFA). They issued a neutral rating on the stock.
Piper Jaffray downgraded shares of Johnson Controls, Inc. (NYSE: JCI) from an overweight rating to a neutral rating.
ISI Group initiated coverage on shares of Liberty Capital (NASDAQ: LMCA). They issued a buy rating on the stock.
CLSA upgraded shares of Morgan Stanley (NYSE: MS) from an underperform rating to an outperform rating.
Nomura initiated coverage on shares of Rackspace Hosting, Inc. (NYSE: RAX). They issued a neutral rating on the stock.
ISI Group initiated coverage on shares of Sirius XM Radio Inc. (NASDAQ: SIRI). They issued a buy rating on the stock.
RBC Capital reiterated its outperform rating on shares of SanDisk Co. (NASDAQ: SNDK).
Benchmark Co. downgraded shares of Tornier BV (NASDAQ: TRNX) from a buy rating to a hold rating. Their analysts now have a $23.00 price target on the stock, down previously from $31.00.
UBS AG raised its price target on shares of US Bancorp (NYSE: USB) from $35.00 to $38.00. They have a buy rating on the stock.
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