2012-11-19 16:19:42 -
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:
Susquehanna raised its price target on shares of Penn National Gaming (NASDAQ:
PENN) from $49.00 to $57.00. They have a positive rating on the stock.
Barclays Capital upgraded shares of Petsmart Inc (NASDAQ: PETM) from an equal
weight rating to an overweight rating.
Robert W. Baird downgraded shares of PennantPark Investment Corp. (NASDAQ: PNNT)
from an outperform rating to a neutral rating. Their analysts now have a $11.00
price target on the stock, down previously from $12.00.
JPMorgan Chase upgraded shares of Rambus Inc. (NASDAQ: RMBS) from a neutral
rating to an overweight rating. JPMorgan Chase now has a $7.00 price target on
the stock. They wrote, "After
falling 46% year-to-date (S&P 500 up 8.1%), we
think the stock, trading at trough-level multiples, is now largely de-risked. At
$4.00-$4.50 we think investors are limited from further downside by the value of
SBG contracted revenue (even withoutrenewals) plus cash on hand, and the break-
up value of the LED and CRI new businesses. We believe a potential settlement
with Hynix presents near-term upside for short-term investors."
William Blair upgraded shares of SAP Aktiengesellschaft (NYSE: SAP) from a
market perform rating to an outperform rating.
Raymond James upgraded shares of SandRidge Mississippian Trust I (SDT) from an
underperform rating to a market perform rating.
Citigroup upgraded shares of Spectra Energy Partners, LP (SEP) from a neutral
rating to a buy rating. Citigroup now has a $33.00 price target on the stock.
Stifel Nicolaus raised its price target on shares of Sirona Dental (SIRO) from
$68.00 to $72.00. They have a buy rating on the stock.
JPMorgan Chase upgraded shares of Suncor Energy Inc. (SU) from a neutral rating
to an overweight rating.
Aegis initiated coverage on shares of Trius Therapeutics Inc (TSRX). They issued
a buy rating on the stock and set a $15.00 price target.
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Source: Equity Brief via Thomson Reuters ONE