Equity Brief: Ratings Changes for November 19th: ETFC, FLO, FLT, GCAP, GMLP, GOLD, H, HAL, HOT
2012-11-19 16:16:41 -
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:
Evercore Partners upgraded shares of E TRADE Financial Co. (NASDAQ: ETFC) from
an underweight rating to an equal weight rating. Evercore Partners now has a
$7.75 price target on the stock.
KeyBanc upgraded shares of Flowers Foods, Inc. (NYSE: FLO) from a hold rating to
a buy rating. KeyBanc now has a $25.00 price target on the stock.
Evercore Partners initiated coverage on shares of FleetCor Technologies, Inc.
(NYSE: FLT). They issued an overweight rating on the stock.
BGB Securities initiated coverage on shares of Gain Capital Holdings (NASDAQ:
GCAP). They issued a hold rating on the stock and set a $4.25 price target.
Citigroup upgraded shares of Golar LNG Partners (NASDAQ: GMLP) from a neutral
rating to a buy rating. Citigroup now has a $33.50 price target on the stock.
RBC Capital upgraded shares of Randgold Resources Ltd. (GOLD) from a sector
perform rating to an outperform rating.
MKM Partners upgraded shares of Hyatt Hotels (H) from a neutral rating to a buy
rating.
Macquarie upgraded shares of Halliburton (HAL) from a neutral rating to an
outperform rating. Macquarie now has a $38.00 price target on the stock.
Jefferies Group initiated coverage on shares of Starwood Hotels (HOT). They
issued a buy rating on the stock. They wrote, "We find a lot to like about
Starwood. An asset-light operator, the company has a strong domestic heritage,
but the business is evolving towards faster-growing Emerging Markets. Starwood
comes top on our qualitative Jefferies Scorecard. The company stands on 10.3x
FY13E EV/EBITDA, an 8% discount to Marriott, despite its more positive
attributes. Our price target offers 17% upside potential."
Jefferies Group upgraded shares of Infineon Technologies AG (IFNNY) from an
underperform rating to a hold rating.
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Source: Equity Brief via Thomson Reuters ONE
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