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Equity Brief: Upgrades and Downgrades for September 12th: FB, FII, FINL, FTI, FTNT, GLBS, GLUU, GPI, GXP, HEP


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-09-12 16:19:17 -

A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network ( bit.ly/arndailyr) and
Equity Brief:

Needham & Company  lowered its price target on shares of Facebook (NASDAQ: FB)
from $40.00 to $25.00. They have a buy rating on the stock.

Goldman Sachs  upgraded shares of Fed Investors (NYSE: FII) from a sell rating
to a neutral rating. Goldman Sachs now has a $20.00 price target on the stock.

Sterne Agee  downgraded shares of Finish Line (NASDAQ: FINL) from a neutral
rating to an underperform rating. Their analysts now have a $20.00 price target
on the stock.

Morgan Stanley  upgraded shares of FMC Tech (NYSE: FTI) from an underweight
rating to an equal weight rating.

Northland Securities  initiated coverage on shares of Fortinet, Inc. 
(NASDAQ: FTNT). They issued an outperform rating on the stock and set a $31.00 price target. Wunderlich  lowered its price target on shares of Globus Maritime Limited (NASDAQ: GLBS) from $4.50 to $3.50. They have a hold rating on the stock. B. Riley  initiated coverage on shares of Glu Mobile Inc. (NASDAQ: GLUU). They issued a buy rating on the stock and set a $6.50 price target. Morgan Stanley  upgraded shares of Group 1 Automotive, Inc. (NYSE: GPI) from an underweight rating to an overweight rating. JPMorgan Chase  upgraded shares of Great Plains Engy (NYSE: GXP) from a neutral rating to an overweight rating. JPMorgan Chase now has a $26.00 price target on the stock, up previously from $23.00. Bank of America  downgraded shares of Holly Energy Partners, L.P. (NYSE: HEP) from a neutral rating to an underperform rating. Their analysts now have a $68.00 price target on the stock. Feltl & Co.  initiated coverage on shares of Immersion Corp (NASDAQ: IMMR). They issued a hold rating on the stock and set a $5.70 price target. Benchmark Co.  raised its price target on shares of InterXion Holding (NASDAQ: INXN) from $22.00 to $25.00. They have a buy rating on the stock. FBR Capital  raised its price target on shares of Illinois Tool Works Inc. (NYSE: ITW) from $66.00 to $70.00. They have an outperform rating on the stock. Bank of America  upgraded shares of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) from a neutral rating to a buy rating. Bank of America now has a $60.00 price target on the stock. FBN Securities  downgraded shares of KB Home (NYSE: KBH) from a sector perform rating to an underperform rating. Bank of America  upgraded shares of Kinder Morgan (NYSE: KMI) from an underperform rating to a neutral rating. Bank of America now has a $36.00 price target on the stock. They noted that the move was a valuation call. 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/arndailyr Content and Media Contact: newseditor@equitybriefing.com 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 [HUG#1640576]


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