August 23, 2012 - 10:17 AM EDT
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Equity Briefing: Upgrades and Downgrades for August 23rd: JNS, JOY, KH, LINTA, LLL, LMNX, MCC, MT, MTN, MUSA

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 Briefing:

Jefferies Group  reiterated its hold rating on shares of Janus Capital Group Inc. (NYSE: JNS).

Credit Agricole  initiated coverage on shares of Joy Global Inc. (NYSE: JOY). They issued an underperform rating on the stock and set a $60.00 price target.

Canaccord Genuity  lowered its price target on shares of China Kanghui Holdin (NYSE: KH) from $26.00 to $23.50. They have a buy rating on the stock.

Stifel Nicolaus  raised its price target on shares of Liberty Media Corp (NASDAQ: LINTA) from $19.00 to $21.00. They have a buy rating on the stock.

RBC Capital  upgraded shares of L-3 Communications (NYSE: LLL) from an underperform rating to a sector perform rating. RBC Capital now has a $74.00 price target on the stock.

UBS AG  upgraded shares of Luminex (NASDAQ: LMNX) from a neutral rating to a buy rating. UBS AG now has a $22.00 price target on the stock, down previously from $25.00.

Stephens  initiated coverage on shares of Medley Capital (NYSE: MCC). They issued an overweight rating on the stock and set a $14.50 price target.

Dahlman Rose  downgraded shares of ArcelorMittal ADR (NYSE: MT) from a buy rating to a hold rating.

Stifel Nicolaus  raised its price target on shares of Vail Resorts (NYSE: MTN) from $53.00 to $60.00. They have a buy rating on the stock.

UBS AG  initiated coverage on shares of Metals USA Holdings Corp (NASDAQ: MUSA). They issued a neutral rating on the stock and set a $16.00 price target.

RBC Capital  downgraded shares of Northrop Grumman Cor (NYSE: NOC) from a sector perform rating to an underperform rating. Their analysts now have a $68.00 price target on the stock.

Dahlman Rose  downgraded shares of Nucor Co. (NYSE: NUE) from a buy rating to a hold rating.

Stephens  initiated coverage on shares of PennantPark Investment Corp. (NASDAQ: PNNT). They issued an overweight rating on the stock and set a $12.50 price target.

Nomura  reiterated its reduce rating on shares of Pacific Sunwear of California, Inc. (NASDAQ: PSUN).

B. Riley  upgraded shares of Pacific Sunwear of California, Inc. (NASDAQ: PSUN) from a neutral rating to a buy rating.

Jefferies Group  reiterated its buy rating on shares of Petrochina (NYSE: PTR).

Dahlman Rose  downgraded shares of RPC, Inc (NYSE: RES) from a hold rating to a sell rating. Their analysts now have a $9.00 price target on the stock.

Aegis  initiated coverage on shares of Rosetta Genomics Ltd. (NASDAQ: ROSG). They issued a buy rating on the stock and set a $16.00 price target.

UBS AG  initiated coverage on shares of Reliance Steel & Aluminum (NYSE: RS). They issued a buy rating on the stock and set a $66.00 price target.

KeyBanc  reiterated its buy rating on shares of Silgan Holdings (NASDAQ: SLGN).

WallachBeth  initiated coverage on shares of Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP). They issued a hold rating on the stock and set a $51.00 price target.

Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at http://bit.ly/arndailyr

Content and Media Contact: newseditor@equitybriefing.com





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Source: Equity Briefing via Thomson Reuters ONE

HUG#1635967


Source: Thomson Reuters ONE (August 23, 2012 - 10:17 AM EDT)

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