2012-10-12 16:26:11 -
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:
KeyBanc initiated coverage on shares of Iesi-Bfc Ltd (BIN). They issued a hold
rating on the stock. They noted that the move was a valuation call. They noted
that the move was a valuation call.
Goldman Sachs initiated coverage on shares of Brown & Brown Inc. (BRO). They
issued a sell rating on the stock and set a $26.00 price target.
Nomura downgraded shares of Peabody Energy Corp. (BTU) from a neutral rating to
a reduce rating. Their analysts now have a $22.00 price target on the stock.
Citigroup upgraded shares of BorgWarner Inc (BWA) from a neutral rating to a buy
rating. Citigroup now has a
$79.00 price target on the stock, up previously from
$73.00. They wrote, "After downgrading BWA shares in Jan-11 on valuation, we're
upgrading BWA shares to Buy and lifting the target to $79. The stock has
underperformed the S&P since 2011, creating an appealing entry point, in our
view. This is partially a call on the quarter/outlook not being as bad as some
fear (to be sure, we do expect some incremental caution), but it's also a call
on potential November catalysts (backlog & potential cash deployment), improved
valuation (13x P/E back at discount to Industrial Conglomerates) and sound LT
JPMorgan Chase upgraded shares of Coca-Cola HBC S.A. (CCH) from a neutral rating
to an overweight rating.
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Source: Equity Brief via Thomson Reuters ONE