Equity Briefing: Upgrades and Downgrades for August 21st: ENG, ERF, FARO, FN, FNV, FOSL, GLW, GNC, GPS, GRPN

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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