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Equity Briefing: Analysts' Upgrades and Downgrades for Friday, July 13th: AEC, ARRS, ARTC, CALD, CAT, CBB
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
Robert W. Baird downgraded shares of Associated Estates (AEC) from an outperform rating to a neutral rating. Their analysts now have a $16.00 price target on the stock, down previously from $20.00.
Maxim Group initiated coverage on shares of Arris Group, Inc. (ARRS). They issued a buy rating on the stock and set a $17.00 price target.
Northcoast Research upgraded shares of ArthroCare Co. (ARTC) from a neutral rating to a buy rating.
ThinkEquity initiated coverage on shares of Callidus Software Inc. (CALD). They issued a buy rating on the stock.
Credit Suisse lowered its price target on shares of Caterpillar Inc. (CAT) to $120.00.
Benchmark Co. reiterated its buy rating on shares of Cincinnati Bell Inc (CBB). They have a $6.00 price target on the stock.
Wells Fargo & Co. upgraded shares of CMS Energy (CMS) from a market perform rating to an outperform rating. They noted that the move was a valuation call.
Bank of America initiated coverage on shares of Corcept Therapeutics Incorporated (CORT). They issued an underperform rating on the stock.
ThinkEquity initiated coverage on shares of Salesforce.com (CRM). They issued a buy rating on the stock and set a $155.00 price target.
ThinkEquity initiated coverage on shares of Cornerstone OnDemand (CSOD). They issued a buy rating on the stock.
Goldman Sachs downgraded shares of Dean Foods Co (DF) from a buy rating to a neutral rating. Their analysts now have a $17.00 price target on the stock.
MKM Partners upgraded shares of D.R. Horton, Inc. (DHI) from a neutral rating to a buy rating.
Jefferies Group upgraded shares of Digital Realty Trust, Inc. (DLR) from a hold rating to a buy rating.
Barclays Capital reiterated its overweight rating on shares of Darden Restaurants, Inc. (DRI).
TD Securities downgraded shares of DragonWave Inc (DRWI) from a hold rating to a reduce rating. Their analysts now have a $3.00 price target on the stock, down previously from $4.00.
Raymond James upgraded shares of Cal Dive International, Inc. (DVR) from a market perform rating to an outperform rating.
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