Equity Briefing: Upgrades and Downgrades for August 6th: FOSL, IPXL, IRDM, KFT, KOG, KTOS, LNT, MGM, MMLP, MST

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: Benchmark Co.  lowered its price target on shares of Fossil (NASDAQ: FOSL) from $100.00 to $85.00. They have a buy rating on the stock. Leerink Swann  initiated coverage on shares of Impax Laboratories, Inc. (NASDAQ: IPXL). They issued an outperform rating on the stock...

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:

Benchmark Co.  lowered its price target on shares of Fossil (NASDAQ: FOSL) from $100.00 to $85.00. They have a buy rating on the stock.

Leerink Swann  initiated coverage on shares of Impax Laboratories, Inc. (NASDAQ: IPXL). They issued an outperform rating on the stock.

Macquarie  downgraded shares of Iridium Communications (NASDAQ: IRDM) from an outperform rating to a neutral rating.

Jefferies Group  upgraded shares of Kraft Foods Inc. (NYSE: KFT) from a hold rating to a buy rating. Jefferies Group now has a $48.00 price target on the stock, up previously from $41.00.

Global Hunter Securities  upgraded shares of Kodiak Oil & Gas Corp. (NYSE: KOG) from a neutral rating to an accumulate rating. Global Hunter Securities now has a $13.00 price target on the stock, up previously from $8.00.

Benchmark Co.  downgraded shares of Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) from a buy rating to a hold rating. Their analysts now have a $5.00 price target on the stock.

DA Davidson  raised its price target on shares of Alliant Energy Corpo (NYSE: LNT) from $49.00 to $53.00. They have a buy rating on the stock.

Deutsche Bank  lowered its price target on shares of MGM Resorts (NYSE: MGM) from $16.00 to $13.00.

ITG Research  reiterated its  rating on shares of MGM Resorts (NYSE: MGM).

Wells Fargo & Co.  downgraded shares of Martin Midstream Partners L.P. (NASDAQ: MMLP) from an outperform rating to a market perform rating.

First Analysis  upgraded shares of MicroStrategy Incorporated (NASDAQ: MSTR) from an underweight rating to an equal weight rating.

FBR Capital  downgraded shares of Annaly Capital Management, Inc. (NYSE: NLY) from a market perform rating to an underperform rating. Their analysts now have a $16.00 price target on the stock.

Raymond James  upgraded shares of North Valley Bancorp (NASDAQ: NOVB) from a market perform rating to an outperform rating. Raymond James now has a $15.00 price target on the stock.

Credit Suisse  downgraded shares of Progressive (NYSE: PGR) from an outperform rating to a neutral rating. Their analysts now have a $18.00 price target on the stock, down previously from $25.00.

Jefferies Group  reiterated its buy rating on shares of PNM Resources, Inc. (NYSE: PNM). They have a $25.00 price target on the stock, up previously from $23.00.

BB&T  downgraded shares of Polypore (NYSE: PPO) from a buy rating to a hold rating.

SunTrust  upgraded shares of Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) from a neutral rating to a buy rating. SunTrust now has a $52.00 price target on the stock.

Bank of America  upgraded shares of Regions Financial Corp (NYSE: RF) from a neutral rating to a buy rating. Bank of America now has a $8.00 price target on the stock, up previously from $7.00.

Wunderlich  upgraded shares of Redwood Trust Inc (NYSE: RWT) from a hold rating to a buy rating. Wunderlich now has a $15.00 price target on the stock, up previously from $12.00.

Jefferies Group  raised its price target on shares of Sirona Dental (NASDAQ: SIRO) from $56.00 to $57.00. They have a buy rating on the stock.

Oppenheimer  reiterated its  rating on shares of SM Energy (NYSE: SM).

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