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Equity Brief: Upgrades and Downgrades for August 31st: BDC, BRLI, CM, CS, FB, FMS, GLW, GRMN, LAYN, LSTR

Fri, 08/31/2012 - 6:36am
The Associated Press

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 Belden (NYSE: BDC) from a buy rating to a hold rating.

Benchmark Co.  raised its price target on shares of Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) from $27.00 to $30.00. They have a buy rating on the stock.

BMO Capital Markets  upgraded shares of CIBC (NYSE: CM) from a market perform rating to an outperform rating. BMO Capital Markets now has a $84.00 price target on the stock.

TD Securities  downgraded shares of CIBC (NYSE: CM) from a buy rating to a hold rating.

ING Group  upgraded shares of Credit Suisse (NYSE: CS) from a sell rating to a hold rating.

Bank of America  lowered its price target on shares of Facebook (NASDAQ: FB) from $35.00 to $23.00. They have a neutral rating on the stock.

Societe Generale  initiated coverage on shares of Fresenius Medical (NYSE: FMS). They issued a buy rating on the stock.

HSBC  initiated coverage on shares of Fresenius Medical (NYSE: FMS). They issued an overweight rating on the stock.

Oppenheimer  upgraded shares of Corning Inc. (NYSE: GLW) from a perform rating to an outperform rating. Oppenheimer now has a $16.00 price target on the stock.

Wells Fargo & Co.  initiated coverage on shares of Garmin Ltd. (NASDAQ: GRMN). They issued an outperform rating on the stock.

Janney Montgomery Scott  downgraded shares of Layne Christensen (NASDAQ: LAYN) from a buy rating to a neutral rating.

Wunderlich  lowered its price target on shares of Landstar System, Inc. (NASDAQ: LSTR) from $56.00 to $54.00. They have a hold rating on the stock.

Oppenheimer  reiterated its outperform rating on shares of Landstar System, Inc. (NASDAQ: LSTR). They have a $60.00 price target on the stock.

Bank of America  initiated coverage on shares of Merrimack Pharmaceuticals Inc (NASDAQ: MACK). They issued a buy rating on the stock and set a $13.00 price target.

Needham & Company  raised its price target on shares of OmniVision Technologies, Inc. (NASDAQ: OVTI) from $18.00 to $21.00. They have a buy rating on the stock.

Credit Suisse  upgraded shares of RBC Capital (NYSE: RY) from a neutral rating to an outperform rating.

Barclays Capital  downgraded shares of Spectra Energy Corp. (NYSE: SE) from an overweight rating to an equal weight rating. Their analysts now have a $30.00 price target on the stock.

Bank of America  lowered its price target on shares of Smithfield Foods, Inc. (NYSE: SFD) from $19.00 to $17.00. They have an underperform rating on the stock.

Credit Suisse  raised its price target on shares of Splunk Inc (NASDAQ: SPLK) from $40.00 to $42.50. They have an outperform rating on the stock.

Dahlman Rose  upgraded shares of Thompson Creek Metals Co Inc (NYSE: TC) from a hold rating to a buy rating. Dahlman Rose now has a $4.00 price target on the stock.

Credit Suisse  downgraded shares of Toronto-Dominion Bank (NYSE: TD) from an outperform rating to a neutral rating.

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

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Equity Briefing via Thomson Reuters ONE

HUG#1638003

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