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.
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