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Equity Briefing: Upgrades and Downgrades for July 31st: PRSS, PRSS, RLD, RLOC, RYAAY, S, STO, TCK, TOT, TSRA,
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:
Cowen downgraded shares of CafePress Inc (NASDAQ: PRSS) from an outperform rating to a neutral rating.
JPMorgan Chase downgraded shares of CafePress Inc (NASDAQ: PRSS) from an overweight rating to a neutral rating. Their analysts now have a $13.00 price target on the stock, down previously from $23.00.
Stifel Nicolaus downgraded shares of RealD Inc (NYSE: RLD) from a buy rating to a hold rating. Their analysts now have a $10.00 price target on the stock.
ThinkEquity initiated coverage on shares of ReachLocal Inc. (NASDAQ: RLOC). They issued a buy rating on the stock and set a $15.00 price target.
Raymond James downgraded shares of Ryanair Holdings plc (NASDAQ: RYAAY) from an outperform rating to a market perform rating.
Atlantic Securities upgraded shares of Sprint Nextel (NYSE: S) from a neutral rating to an overweight rating.
Deutsche Bank downgraded shares of Statoil (NYSE: STO) from a buy rating to a hold rating.
Deutsche Bank downgraded shares of Teck Resources Limited (NYSE: TCK) from a buy rating to a hold rating.
Nomura upgraded shares of TOTAL S.A. (NYSE: TOT) from a reduce rating to a neutral rating.
Bank of America downgraded shares of Tessera Technologies (NASDAQ: TSRA) from a neutral rating to an underperform rating.
Goldman Sachs upgraded shares of Grupo Televisa S.A. (NYSE: TV) from a sell rating to a neutral rating.
Jefferies Group initiated coverage on shares of Time Warner Cable (NYSE: TWC). They issued a buy rating on the stock and set a $100.00 price target.
Keefe, Bruyette & Woods downgraded shares of Tower Group Inc. (NASDAQ: TWGP) from an outperform rating to a market perform rating.
Cowen initiated coverage on shares of Tranzyme Inc (NASDAQ: TZYM). They issued an outperform rating on the stock.
DA Davidson downgraded shares of Unisource Energy Cor (NYSE: UNS) from a buy rating to a neutral rating.
Canaccord Genuity upgraded shares of USANA Health Sciences, Inc. (NASDAQ: USNA) from a hold rating to a buy rating. Canaccord Genuity now has a $60.00 price target on the stock, up previously from $46.00. They noted that the move was a valuation call.
Wedbush upgraded shares of Meridian Bioscience, Inc. (NASDAQ: VIVO) from an underperform rating to a neutral rating.
Evercore Partners downgraded shares of Knightsbridge Tankers Limited (NASDAQ: VLCCF) from an equal weight rating to an underweight rating.
Piper Jaffray downgraded shares of Vertex Pharmaceuticals (NASDAQ: VRTX) from an overweight rating to a neutral rating.
Compass Point initiated coverage on shares of Western Asset Mortgage Capital Corp (NYSE: WMC). They issued a buy rating on the stock and set a $21.00 price target.
Lazard Capital initiated coverage on shares of Watsco, Incorporated (NYSE: WSO). They issued a neutral rating on the stock.
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