A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/arndailyr) and Equity Brief:
Stifel Nicolaus downgraded shares of Discover Financial Services (NYSE: DFS) from a buy rating to a hold rating. They wrote, "We are downgrading DFS from Buy to Hold on valuation as the stock reached our $39 target price late last week. While we continue to be believers in the story and expect earnings momentum to persist near-term, we have a tougher time justifying another target price raise given the unsettled macro environment. Although QE3 may prove to successfully nudge the economy back into a sustainable recovery, this rally in financials appears a bit premature, in our view."
Global Hunter Securities downgraded shares of Dril-Quip (NYSE: DRQ) from an accumulate rating to a neutral rating. Their analysts now have a $79.00 price target on the stock.
Barrington Research initiated coverage on shares of Dawson Geophysical Company (NASDAQ: DWSN). They issued an outperform rating on the stock and set a $32.00 price target.
Avondale Partners downgraded shares of NIC Inc. (NASDAQ: EGOV) from an outperform rating to a market perform rating.
Robert W. Baird downgraded shares of G&K Services, Inc. (NASDAQ: GKSR) from an outperform rating to a neutral rating. Their analysts now have a $37.00 price target on the stock.
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Source: Equity Brief via Thomson Reuters ONE
Source: Thomson Reuters ONE
(September 17, 2012 - 10:28 AM EDT)
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