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Equity Briefing: Upgrades and Downgrades for July 16th: SEM, SFD, SIRI, SKT, SNDK, SNH, SONC, SPG, SWFT, SYT
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
Bank of America downgraded shares of Select Medical Holdings Co. (NYSE: SEM) from a buy rating to a neutral rating.
CLSA downgraded shares of Smithfield Foods, Inc. (NYSE: SFD) from a buy rating to an underperform rating.
Barclays Capital upgraded shares of Sirius XM Radio Inc. (NASDAQ: SIRI) from an underweight rating to an equalweight rating.
Goldman Sachs initiated coverage on shares of Tanger Factory Outlet Centers Inc. (NYSE: SKT). They issued a neutral rating on the stock.
Robert W. Baird downgraded shares of SanDisk Co. (NASDAQ: SNDK) from an outperform rating to a neutral rating. Their analysts now have a $32.00 price target on the stock, down previously from $48.00.
Stifel Nicolaus upgraded shares of Senior Housing (NYSE: SNH) from a hold rating to a buy rating. Stifel Nicolaus now has a $25.00 price target on the stock.
Piper Jaffray downgraded shares of Sonic Co. (NASDAQ: SONC) from an overweight rating to a neutral rating.
Goldman Sachs initiated coverage on shares of Simon Properties (NYSE: SPG). They issued a buy rating on the stock.
Stephens downgraded shares of Swift Transportation (NASDAQ: SWFT) from an overweight rating to an equal weight rating.
Citigroup upgraded shares of Syngenta AG (NYSE: SYT) from a neutral rating to a buy rating. Citigroup now has a $78.52 price target on the stock.
Nomura downgraded shares of Syngenta AG (NYSE: SYT) from a buy rating to a neutral rating.
Goldman Sachs initiated coverage on shares of Taubman Centers Incorporated (NYSE: TCO). They issued a neutral rating on the stock.
Barclays Capital downgraded shares of TECO Energy, Inc. (NYSE: TE) from an equalweight rating to an underweight rating.
Goldman Sachs downgraded shares of Tim Hortons Inc. (NYSE: THI) from a neutral rating to a sell rating.
CLSA downgraded shares of Tyson Foods, Inc. (NYSE: TSN) from a buy rating to an underperform rating.
FBR Capital downgraded shares of Texas Instruments (NYSE: TXN) from a market perform rating to an underperform rating. Their analysts now have a $24.50 price target on the stock, down previously from $30.00.
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