Equity Brief: Upgrades and Downgrades for September 11th: HMY, HSKA, ING, IPCI, IPI, JNJ, KWR, LPX, MEOH
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:
Credit Suisse initiated coverage on shares of Harmony Gold Mining (NYSE: HMY). They issued an underperform rating on the stock.
Feltl & Co. initiated coverage on shares of Heska Corp. (NASDAQ: HSKA). They issued a strong-buy rating on the stock and set a $13.50 price target.
Macquarie downgraded shares of ING Groep (NYSE: ING) from an outperform rating to a neutral rating.
Brean Murray initiated coverage on shares of Intellipharmaceutics (NASDAQ: IPCI). They issued a buy rating on the stock and set a $7.00 price target.
Wunderlich initiated coverage on shares of Intrepid Potash, Inc. (NYSE: IPI). They issued a buy rating on the stock and set a $26.50 price target.
Credit Suisse initiated coverage on shares of Johnson & Johnson (NYSE: JNJ). They issued a neutral rating on the stock and set a $70.00 price target.
Janney Montgomery Scott downgraded shares of Quaker Chemical Co. (NYSE: KWR) from a buy rating to a neutral rating.
Credit Agricole downgraded shares of Louisiana-Pacific Co. (NYSE: LPX) from an outperform rating to an underperform rating. Their analysts now have a $15.00 price target on the stock, up previously from $14.00.
Jefferies Group initiated coverage on shares of Methanex Corporation (NASDAQ: MEOH). They issued a hold rating on the stock.
Ladenburg Thalmann raised its price target on shares of Navidea Biopharmaceuticals Inc (NASDAQ: NAVB) from $6.25 to $7.50. They have a buy rating on the stock.
ThinkEquity downgraded shares of Navidea Biopharmaceuticals Inc (NASDAQ: NAVB) from a buy rating to a hold rating.
JPMorgan Chase upgraded shares of Corp Office Props (NYSE: OFC) from an underweight rating to a neutral rating. JPMorgan Chase now has a $23.00 price target on the stock.
Citigroup downgraded shares of Owens-Illinois (NYSE: OI) from a buy rating to a neutral rating.
Macquarie upgraded shares of PacWest Bancorp (NASDAQ: PACW) from a neutral rating to an outperform rating. Macquarie now has a $28.00 price target on the stock.
Global Hunter Securities downgraded shares of Plains Exploration & Production Company (NYSE: PXP) from a buy rating to an accumulate rating. Their analysts now have a $63.00 price target on the stock.
BMO Capital Markets initiated coverage on shares of QEP Resources (NYSE: QEP). They issued an outperform rating on the stock and set a $35.00 price target.
Citigroup initiated coverage on shares of Rexam PLC (NASDAQ: REXMY). They issued a buy rating on the stock.
Sanford C. Bernstein initiated coverage on shares of Range Resources (NYSE: RRC). They issued an outperform rating on the stock.
Citigroup initiated coverage on shares of Sealed Air Corp. (NYSE: SEE). They issued a neutral rating on the stock and set a $17.00 price target.
BTIG Research initiated coverage on shares of iStar Financial Inc. (NYSE: SFI). They issued a buy rating on the stock.
Gabelli downgraded shares of Sirius XM Radio Inc. (NASDAQ: SIRI) from a hold rating to a sell rating.
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