2012-10-11 16:15:14 -
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:
Piper Jaffray downgraded shares of Celgene (CELG) from an overweight rating to a
neutral rating. Their analysts now have a $86.00 price target on the stock.
Canaccord Genuity upgraded shares of Centerra Gold Inc. (CG) from a hold rating
to a buy rating. Canaccord Genuity now has a $16.50 price target on the stock,
up previously from $8.70.
JPMorgan Chase initiated coverage on shares of Carlyle Group LP (CG). They
issued an overweight rating on the stock and set a $29.50 price target. They
wrote, "Fundamentals are good at Carlyle as market conditions are presenting
opportunities to both invest and harvest, in a way we are not
seeing for other
PE firms. We think the results over the last three quarters and particularly in
3Q12 are showing the benefits of a diversified model, with Carlyle leveraging
its diversified product offering and geographic presence through a greater rate
of investment, fundraising and realization. The results could lead to greater,
more stable earnings and a higher valuation."
Needham & Company downgraded shares of Check Point Software (CHKP) from a buy
rating to a hold rating.
Jefferies Group raised its price target on shares of Continental Resources, Inc.
(CLR) to $91.00. They have a buy rating on the stock.
Canaccord Genuity raised its price target on shares of Continental Resources,
Inc. (CLR) from $94.00 to $107.00. They have a buy rating on the stock.
Citigroup initiated coverage on shares of Cott Co. (COT). They issued a buy
rating on the stock and set a $10.00 price target.
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