2012-11-19 16:16:41 -
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:
Evercore Partners upgraded shares of E TRADE Financial Co. (NASDAQ: ETFC) from
an underweight rating to an equal weight rating. Evercore Partners now has a
$7.75 price target on the stock.
KeyBanc upgraded shares of Flowers Foods, Inc. (NYSE: FLO) from a hold rating to
a buy rating. KeyBanc now has a $25.00 price target on the stock.
Evercore Partners initiated coverage on shares of FleetCor Technologies, Inc.
(NYSE: FLT). They issued an overweight rating on the stock.
BGB Securities initiated coverage on shares of Gain Capital Holdings (NASDAQ:
GCAP). They issued a hold rating on the stock and set a $4.25 price target.
Citigroup upgraded shares of
Golar LNG Partners (NASDAQ: GMLP) from a neutral
rating to a buy rating. Citigroup now has a $33.50 price target on the stock.
RBC Capital upgraded shares of Randgold Resources Ltd. (GOLD) from a sector
perform rating to an outperform rating.
MKM Partners upgraded shares of Hyatt Hotels (H) from a neutral rating to a buy
Macquarie upgraded shares of Halliburton (HAL) from a neutral rating to an
outperform rating. Macquarie now has a $38.00 price target on the stock.
Jefferies Group initiated coverage on shares of Starwood Hotels (HOT). They
issued a buy rating on the stock. They wrote, "We find a lot to like about
Starwood. An asset-light operator, the company has a strong domestic heritage,
but the business is evolving towards faster-growing Emerging Markets. Starwood
comes top on our qualitative Jefferies Scorecard. The company stands on 10.3x
FY13E EV/EBITDA, an 8% discount to Marriott, despite its more positive
attributes. Our price target offers 17% upside potential."
Jefferies Group upgraded shares of Infineon Technologies AG (IFNNY) from an
underperform rating to a hold rating.
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: firstname.lastname@example.org
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