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Equity Briefing: Upgrades and Downgrades for July 16th: MDM, MJN, MMM, MRO, MTOR, NANO, NVE, NWN, O, OIS
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
RBC Capital upgraded shares of Mountain Province Diamonds Inc (NYSE: MDM) from a sector perform rating to an outperform rating.
RBC Capital downgraded shares of Mead Johnson Nutriti (NYSE: MJN) from an outperform rating to a sector perform rating.
Morgan Stanley upgraded shares of 3M Company (NYSE: MMM) from an equalweight rating to an overweight rating. Morgan Stanley now has a $102.00 price target on the stock.
Deutsche Bank upgraded shares of Marathon Oil Co. (NYSE: MRO) from a hold rating to a buy rating. They noted that the move was a valuation call.
Lazard Capital initiated coverage on shares of Meritor (NASDAQ: MTOR). They issued a neutral rating on the stock.
DA Davidson reiterated its buy rating on shares of Nanometrics Inc (NASDAQ: NANO).
Barclays Capital downgraded shares of NV Energy (NYSE: NVE) from an overweight rating to an equalweight rating.
Bank of America downgraded shares of Northwest Natural (NYSE: NWN) from a neutral rating to an underperform rating.
Goldman Sachs initiated coverage on shares of Realty Income Corp (NYSE: O). They issued a sell rating on the stock. They noted that the move was a valuation call.
Howard Weil downgraded shares of Oil States International, Inc. (NYSE: OIS) from a focus stock rating to an outperform rating.
Leerink Swann initiated coverage on shares of Orexigen Therapeutics, Inc. (NASDAQ: OREX). They issued an outperform rating on the stock.
Atlantic Securities initiated coverage on shares of Priceline (NASDAQ: PCLN). They issued an overweight rating on the stock.
Bank of America initiated coverage on shares of Pall Co. (NYSE: PLL). They issued an underperform rating on the stock.
Piper Jaffray downgraded shares of Panera Bread Company (NASDAQ: PNRA) from an overweight rating to an underweight rating. Their analysts now have a $129.00 price target on the stock, down previously from $165.00.
Oppenheimer initiated coverage on shares of Phillips 66 (NYSE: PSX). They issued an outperform rating on the stock and set a $42.00 price target.
Societe Generale upgraded shares of QUALCOMM, Inc. (NASDAQ: QCOM) from a sell rating to a hold rating.
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