Equity Brief: Ratings Changes for December 21st: CRS, CYT, CZZ, DAR, DECK, DFS, EAT, EBAY
2012-12-21 16:19:00 -
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:
Buckingham Research initiated coverage on shares of Carpenter Technology (CRS).
They issued a buy rating on the stock and set a $64.00 price target.
Zacks downgraded shares of Cytec Industries Inc. (CYT) from a neutral rating to
an underperform rating. Their analysts now have a $67.60 price target on the
Barclays Capital reiterated its overweight rating on shares of Cosan Limited
(CZZ). They have a $21.00 price target on the stock.
Stephens downgraded shares of Darling International Inc. (DAR) from an
overweight rating to an equal weight rating. Their analysts now have a $18.00
price target on the stock, down previously from $19.00.
Janney Montgomery Scott reiterated its buy rating on shares of Deckers Outdoor
(DECK). They have a $50.00 price target on the stock.
Stifel Nicolaus upgraded shares of Discover Financial Services (DFS) from a hold
rating to a buy rating. Stifel Nicolaus now has a $46.00 price target on the
FBR Capital downgraded shares of Discover Financial Services (DFS) from an
outperform rating to a market perform rating. Their analysts now have a $42.00
price target on the stock, down previously from $44.00.
Sterne Agee upgraded shares of Brinker International, Inc. (EAT) from a neutral
rating to a buy rating. Sterne Agee now has a $36.00 price target on the stock.
Zacks reiterated its neutral rating on shares of eBay, Inc. (EBAY). They have a
$54.00 price target on the stock. Zacks' analyst wrote, "eBay is one of the
largest online retailers in the world today. The company's second quarter
earnings were ahead of the Zacks Consensus and guidance for the third quarter
was strong. Turnaround in the Marketplaces segment, a focus on buying
experience, momentum in the Payments segment, recent agreement with Discover,
opportunities in the fast-growing mobile space, international expansion and a
strong balance sheet are the current positives of eBay's business. However, the
company continues to lag its top competitor Amazon and competition in online
retail is only likely to get more intense. We are therefore, reiterating our
Neutral rating. "
JPMorgan Chase downgraded shares of Eloqua Inc (ELOQ) from an overweight rating
to a neutral rating. Their analysts now have a $23.50 price target on the stock,
down previously from $27.00.
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