Equity Brief: Ratings Changes for October 11th: CELG, CG, CHKP, CLR

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.

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