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Equity Briefing: Upgrades and Downgrades for July 24th: ELT, ELT, ESI, FE, FOSL, GEOY, GT, GWR, HFC, HMA, ITMN
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
Credit Suisse initiated coverage on shares of Elster Group SE (NYSE: ELT). They issued a neutral rating on the stock.
Barclays Capital downgraded shares of Elster Group SE (NYSE: ELT) from an overweight rating to an equalweight rating.
JPMorgan Chase downgraded shares of ITT Educational Services Inc (NYSE: ESI) from a neutral rating to an underweight rating.
Argus downgraded shares of FirstEnergy Corp. (NYSE: FE) from a buy rating to a hold rating.
Piper Jaffray downgraded shares of Fossil (NASDAQ: FOSL) from an overweight rating to a neutral rating.
Raymond James upgraded shares of GeoEye (NASDAQ: GEOY) from an underperform rating to a market perform rating.
Goldman Sachs upgraded shares of Goodyear (NYSE: GT) from a sell rating to a neutral rating.
Morgan Stanley upgraded shares of Genesee & Wyoming Inc. (NYSE: GWR) from an equal weight rating to an overweight rating.
Raymond James upgraded shares of Genesee & Wyoming Inc. (NYSE: GWR) from a market perform rating to an outperform rating.
Bank of America downgraded shares of HollyFrontier Corp (NYSE: HFC) from a buy rating to a neutral rating.
Jefferies Group downgraded shares of Health Management Associates (NYSE: HMA) from a buy rating to a hold rating. Their analysts now have a $7.50 price target on the stock, down previously from $10.00.
Canaccord Genuity downgraded shares of InterMune, Inc. (NASDAQ: ITMN) from a buy rating to a hold rating. Their analysts now have a $11.00 price target on the stock.
Atlantic Securities initiated coverage on shares of J.C. Penney Company, Inc. (NYSE: JCP). They issued a neutral rating on the stock.
Davenport upgraded shares of Lance, Inc. (NASDAQ: LNCE) from a neutral rating to a buy rating.
Jefferies Group downgraded shares of Mizuho Financial Gro (NYSE: MFG) from a buy rating to a hold rating.
Citigroup initiated coverage on shares of Magnum Hunter (NYSE: MHR). They issued a buy rating on the stock and set a $5.00 price target.
Global Hunter Securities initiated coverage on shares of Magnum Hunter (NYSE: MHR). They issued a buy rating on the stock.
BMO Capital Markets initiated coverage on shares of Monmouth Real Estate (NYSE: MNR). They issued a market perform rating on the stock.
FBR Capital upgraded shares of Motorola Solutions (NYSE: MSI) from an underperform rating to a market perform rating. FBR Capital now has a $49.00 price target on the stock, up previously from $43.00.
Needham & Company reiterated its buy rating on shares of Mindspeed Technologies, Inc. (NASDAQ: MSPD).
Evercore Partners downgraded shares of Nordic American Tanker Shipping (NYSE: NAT) from an equal weight rating to an underweight rating.
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