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Equity Brief: Ratings Changes for December 6th: AAPL, AINV, AIV, ANR, ARE, ASNA, AZO, BCR


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-06 16:11:26 -

A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network ( bit.ly/equitybriefdaily)
and Equity Brief:

Oracle Investment Research upgraded shares of Apple, Inc (AAPL) from a hold
rating to a buy rating.

Raymond James initiated coverage on shares of Apollo Investment Corp. (AINV).
They issued a market perform rating on the stock.

UBS AG upgraded shares of Apartment Investment & Management Co (AIV) from a
neutral rating to a buy rating. UBS AG now has a $28.00 price target on the
stock.

Howard Weil lowered its price target on shares of Alpha Natural Resources (ANR)
from $13.00 to $11.00. They have an outperform rating on the stock.

UBS AG upgraded shares of Alexandria Real Estate Equities, Inc. (ARE) from a
neutral rating to a 
buy rating. UBS AG now has a $75.00 price target on the stock, up previously from $74.00. BB&T downgraded shares of Ascena Retail Group Inc (ASNA) from a buy rating to a hold rating. RBC Capital lowered its price target on shares of AutoZone, Inc. (AZO) from $395.00 to $390.00. They have a sector perform rating on the stock. Zacks reiterated its neutral rating on shares of AutoZone, Inc. (AZO). They have a $385.00 price target on the stock. Zacks' analyst wrote, "AutoZone is focused on an aggressive share repurchase program and intends to grow sales through expansion of hub stores. The company posted a 15.6% year-over-year rise in earnings per share to $5.41 in the fiscal first quarter ended November 17, 2012, surpassing the Zacks Consensus Estimate by $0.01. The company's revenues increased 3.5% to $1.99 billion and domestic same-store sales increased 0.2% during the quarter. However, we remain concerned about the rising gas prices and the company's heavy reliance on its private label brands that may affect its margins. As such, we continue with our Neutral recommendation on the stock and set a target price of $385.00. " Oppenheimer downgraded shares of AutoZone, Inc. (AZO) from an outperform rating to a perform rating. Their analysts now have a $400.00 price target on the stock, down previously from $461.00. Zacks reiterated its neutral rating on shares of C.R. Bard, Inc. (BCR). They have a $103.00 price target on the stock. UBS AG upgraded shares of Boston Properties (BXP) from a neutral rating to a buy rating. UBS AG now has a $120.00 price target on the stock, up previously from $112.00. Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at bit.ly/equitybriefdaily Content and Media Contact: newseditor@equitybrief.net This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Equity Brief via Thomson Reuters ONE [HUG#1663155]


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