Equity Briefing: Upgrades and Downgrades for August 21st: ENG, ERF, FARO, FN, FNV, FOSL, GLW, GNC, GPS, GRPN
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:
KeyBanc downgraded shares of ENGlobal Co. (NYSE: ENG) from a buy rating to a
hold rating.
Raymond James upgraded shares of Enerplus Resources Fund (NYSE: ERF) from a
market perform rating to an outperform rating.
Stifel Nicolaus initiated coverage on shares of FARO Technologies Inc (NASDAQ:
FARO). They issued a buy rating on the stock and set a $48.00 price target.
Needham & Company reiterated its hold rating on shares of Fabrinet Ordinary
(NYSE: FN).
RBC Capital downgraded shares of Franco Nev Corp Common (Canada) (NYSE: FNV)
from an outperform rating to a sector perform rating.
ISI Group downgraded shares of Fossil (NASDAQ: FOSL) from an overweight rating
to a hold rating.
Stifel Nicolaus initiated coverage on shares of Corning Inc. (NYSE: GLW). They
issued a buy rating on the stock and set a $15.00 price target.
Barclays Capital initiated coverage on shares of GNC Corp. (NYSE: GNC). They
issued an overweight rating on the stock and set a $47.00 price target.
Argus upgraded shares of The Gap Inc. (NYSE: GPS) from a hold rating to a buy
rating. Argus now has a $42.00 price target on the stock.
Barclays Capital downgraded shares of Groupon (NASDAQ: GRPN) from an equal
weight rating to an underweight rating. Their analysts now have a $4.00 price
target on the stock, down previously from $15.00.
DA Davidson downgraded shares of Granite Construction Inc. (NYSE: GVA) from a
buy rating to a neutral rating.
Argus raised its price target on shares of HollyFrontier Corp (NYSE: HFC) from
$8.00 to $48.00. They have a buy rating on the stock.
Compass Point reiterated its positive rating on shares of H&R Block, Inc.
(NYSE: HRB).
ThinkEquity initiated coverage on shares of Invensense Inc. (NASDAQ: INVN).
They issued a buy rating on the stock.
Stifel Nicolaus upgraded shares of Knight Transportation (NYSE: KNX) from a
hold rating to a buy rating. Stifel Nicolaus now has a $18.00 price target on
the stock.
Needham & Company reiterated its buy rating on shares of Kvh Industries Inc.
(NASDAQ: KVHI).
Evercore Partners downgraded shares of Liberty Capital (NASDAQ: LMCA) from an
overweight rating to an equal weight rating.
Brean Murray reiterated its buy rating on shares of eLong, Inc. (NASDAQ: LONG).
They have a $16.00 price target on the stock, down previously from $17.00.
Jefferies Group reiterated its hold rating on shares of Lowe's (NYSE: LOW).
JPMorgan Chase lowered its price target on shares of Molycorp, Inc. (NYSE: MCP)
from $11.50 to $8.50. They have an underweight rating on the stock.
Compass Point initiated coverage on shares of NewBridge Bancorp (NASDAQ: NBBC).
They issued a buy rating on the stock and set a $5.00 price target.
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Source: Equity Briefing via Thomson Reuters ONE
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