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Equity Briefing: Analysts' Upgrades and Downgrades for Friday, July 13th: NPTN, NVDQ, NWY, OCLR
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
Needham & Company initiated coverage on shares of Neophotonics Corp. (NPTN). They issued a hold rating on the stock.
Wunderlich initiated coverage on shares of Novadaq Technologies Inc. (NVDQ). They issued a hold rating on the stock and set a $8.00 price target.
Brean Murray reiterated its buy rating on shares of New York & Company, Inc. (NWY).
Needham & Company initiated coverage on shares of Oclaro, Inc. (OCLR). They issued a hold rating on the stock.
ING Group downgraded shares of Gazprom OAO (OGZPY) from a buy rating to a hold rating.
Wunderlich upgraded shares of Bank of the Ozarks (OZRK) from a hold rating to a buy rating. Wunderlich now has a $37.00 price target on the stock, up previously from $32.00.
Global Hunter Securities initiated coverage on shares of Pacific Drilling S (PACD). They issued a buy rating on the stock and set a $12.00 price target.
Compass Point initiated coverage on shares of Verifone (PAY). They issued a neutral rating on the stock and set a $38.00 price target.
Sanford C. Bernstein initiated coverage on shares of Pharmacyclics, Inc. (PCYC). They issued a market perform rating on the stock and set a $51.00 price target. They noted that the move was a valuation call.
MKM Partners downgraded shares of PulteGroup, Inc. (PHM) from a buy rating to a neutral rating. They noted that the move was a valuation call.
Stifel Nicolaus downgraded shares of Parkway Prop (PKY) from a buy rating to a hold rating.
Lazard Capital initiated coverage on shares of Phillips-Van Heusen (PVH). They issued a buy rating on the stock.
Bank of America initiated coverage on shares of Questcor Pharmaceuticals, Inc. (QCOR). They issued a buy rating on the stock and set a $60.00 price target.
Robert W. Baird upgraded shares of Range Resources (RRC) from a neutral rating to an outperform rating. Robert W. Baird now has a $72.00 price target on the stock.
Credit Suisse downgraded shares of The Ryland Group, Inc. (RYL) from an outperform rating to a neutral rating. Their analysts now have a $25.50 price target on the stock. They noted that the move was a valuation call.
Nomura reiterated its buy rating on shares of SAP Aktiengesellschaft (SAP).
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