Equity Briefing: Upgrades and Downgrades for August 2nd: AGP, AGU, AMGN, ANF, AVGO, AWI, CERN, CMCSA, DRYS, DV

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: Citigroup  downgraded shares of AMERIGROUP Co. (NYSE: AGP) from a buy rating to a neutral rating. Dahlman Rose  downgraded shares of Agrium (NYSE: AGU) from a buy rating to a hold rating. Argus  downgraded shares of Amgen, Inc. (NASDAQ: AMGN) from a buy rating to a hold rating. Robert W...

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:

Citigroup  downgraded shares of AMERIGROUP Co. (NYSE: AGP) from a buy rating to a neutral rating.

Dahlman Rose  downgraded shares of Agrium (NYSE: AGU) from a buy rating to a hold rating.

Argus  downgraded shares of Amgen, Inc. (NASDAQ: AMGN) from a buy rating to a hold rating.

Robert W. Baird  downgraded shares of Abercrombie & Fitch (NYSE: ANF) from an outperform rating to a neutral rating. Their analysts now have a $32.00 price target on the stock, down previously from $55.00.

Caris & Co.  downgraded shares of Abercrombie & Fitch (NYSE: ANF) from a buy rating to an average rating.

Goldman Sachs  initiated coverage on shares of Avago Technologies (NASDAQ: AVGO). They issued a neutral rating on the stock.

RBC Capital  downgraded shares of Armstrong World Industries (NYSE: AWI) from a top pick rating to a sector perform rating.

Leerink Swann  downgraded shares of Cerner Corp (NASDAQ: CERN) from an outperform rating to a market perform rating.

Nomura  reiterated its buy rating on shares of Comcast Co. (NASDAQ: CMCSA).

Deutsche Bank  downgraded shares of DryShips Inc. (NASDAQ: DRYS) from a buy rating to a hold rating.

Macquarie  downgraded shares of Devon Energy Co. (NYSE: DVN) from an outperform rating to a neutral rating.

UBS AG  initiated coverage on shares of Embraer (NYSE: ERJ). They issued a buy rating on the stock.

Stifel Nicolaus  initiated coverage on shares of Exar (NASDAQ: EXAR). They issued a buy rating on the stock and set a $12.00 price target.

HSBC  downgraded shares of Fresenius Medical (NYSE: FMS) from an overweight rating to a neutral rating.

Cantor Fitzgerald  upgraded shares of First Solar, Inc. (NASDAQ: FSLR) from a hold rating to a buy rating. Cantor Fitzgerald now has a $23.00 price target on the stock.

Robert W. Baird  upgraded shares of First Solar, Inc. (NASDAQ: FSLR) from a neutral rating to an outperform rating. Robert W. Baird now has a $30.00 price target on the stock, up previously from $25.00.

ThinkEquity  upgraded shares of First Solar, Inc. (NASDAQ: FSLR) from a sell rating to a hold rating.

Gabelli  upgraded shares of Frontier Communications (NYSE: FTR) from a hold rating to a buy rating.

Global Hunter Securities  initiated coverage on shares of Gold Resource Co. (NASDAQ: GORO). They issued an accumulate rating on the stock and set a $22.00 price target.

Wedbush  upgraded shares of Garmin Ltd. (NASDAQ: GRMN) from a neutral rating to an outperform rating.

Longbow Research  downgraded shares of Harley-Davidson, Inc. (NYSE: HOG) from a buy rating to a neutral rating.

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