Equity Brief: Ratings Changes for November 12th: SD, SD, SLG, SQNM, STRA, TC, TRIP, TSM, TU, UMC
A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:
Canaccord Genuity lowered its price target on shares of SandRidge Energy Inc. (NYSE: SD) from $6.00 to $4.00. They have a hold rating on the stock.
Capital One downgraded shares of SandRidge Energy Inc. (NYSE: SD) from an add rating to a neutral rating.
Bank of America upgraded shares of SL Green Realty Corp. (NYSE: SLG) from a neutral rating to a buy rating. Bank of America now has a $85.00 price target on the stock, down previously from $86.00.
Jefferies Group upgraded shares of Sequenom (NASDAQ: SQNM) from a hold rating to a buy rating. Jefferies Group now has a $7.00 price target on the stock. They wrote, "We are upgrading shares of SQNM to Buy (from Hold) based on results from a proprietary survey we conducted of US commercial payors representing some 44 million lives, which indicated SQNM is experiencing meaningful traction obtaining reimbursement coverage for its T21 LDT test at average rates that we find more than acceptable. Our $7 price target (>90% upside) is unchanged."
JPMorgan Chase downgraded shares of Strayer Education, Inc. (NASDAQ: STRA) from an overweight rating to a neutral rating.
Macquarie upgraded shares of Thompson Creek Metals Co Inc (NYSE: TC) from an underperform rating to a neutral rating.
Morgan Stanley upgraded shares of TripAdvisor, Inc. (TRIP) from an underweight rating to an overweight rating. Morgan Stanley now has a $41.00 price target on the stock. They wrote, "We believe management is altering its monetization strategy for the better by testing a meta display and improving bidding visibility for advertisers. We expect hotel shopper growth to remain robust and pricing headwinds to dissipate, leading to TRIP meaningfully beating 2013 consensus estimates."
Goldman Sachs upgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM) from a neutral rating to a conviction buy rating.
Desjardins upgraded shares of TELUS Co. (TU) to a buy rating.
Goldman Sachs upgraded shares of United Microelectronics Corp (UMC) from a sell rating to a neutral rating.
Citigroup upgraded shares of United States Cellular Corporation (USM) from a neutral rating to a buy rating. Citigroup now has a $42.00 price target on the stock.
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Source: Equity Brief via Thomson Reuters ONE
Source: Thomson Reuters ONE
(November 12, 2012 - 10:15 AM EST)
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