2012-11-27 16:07:31 -
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:
RBC Capital downgraded shares of Atlas Air Worldwide Holdings, Inc. (NASDAQ:
AAWW) from an outperform rating to a sector perform rating. Their analysts now
have a $45.00 price target on the stock, down previously from $55.00.
Zacks upgraded shares of Barrick Gold Corp (NYSE: ABX) from an underperform
rating to a neutral rating. Zacks now has a $37.00 price target on the stock.
Benchmark Co. downgraded shares of Ancestry.com Inc (NASDAQ: ACOM) from a buy
rating to a hold rating.
Cantor Fitzgerald downgraded shares of Ancestry.com Inc (NASDAQ: ACOM) from a
buy rating to a hold rating.
Morgan Stanley initiated coverage on shares of Alkermes Inc. (NASDAQ: ALKS).
issued an equal weight rating on the stock.
Citigroup initiated coverage on shares of Amarin Co. plc (NASDAQ: AMRN). They
issued a buy rating on the stock and set a $20.00 price target.
JPMorgan Chase raised its price target on shares of Abercrombie & Fitch (ANF)
from $35.00 to $48.00. They have a neutral rating on the stock. They wrote,
"After setting low enough expectations, ANF stepped over their low sales bar
with a "less-worse" -3% comp decline and better-than-expected gross margins.
With concerns over brand equity and the company's inability to stabilize comps
heading into the print, shares saw a significant short squeeze and although we
believe estimates will likely continue to increase and current levels may
continue to prove attractive, we are choosing to remain sidelined as we await
topline consistency around international trends (particularly in Europe), which
represent 30% of sales and 30%-40% of operating profits and clarity around the
Northland Securities initiated coverage on shares of Angie's List (ANGI). They
issued an outperform rating on the stock and set a $15.00 price target.
Zacks downgraded shares of Accuray Incorporated (ARAY) from a neutral rating to
an underperform rating. Their analysts now have a $6.00 price target on the
RBC Capital downgraded shares of Alexandria Real Estate Equities, Inc. (ARE)
from an outperform rating to a sector perform rating. Their analysts now have a
$68.00 price target on the stock, down previously from $77.00.
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Source: Equity Brief via Thomson Reuters ONE