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Equity Brief: Upgrades and Downgrades for September 12th: AAPL, AB, ABG, ADP, AGU, ALJ, ALR, AMGN, ARI, BAS

Wed, 09/12/2012 - 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:

Hudson Square Research  raised its price target on shares of Apple, Inc (NASDAQ: AAPL) from $700.00 to $900.00. They have a buy rating on the stock.

Citigroup  raised its price target on shares of AllianceBernstein Holding LP (NYSE: AB) from $14.00 to $17.00. They have a buy rating on the stock.

Morgan Stanley  initiated coverage on shares of Asbury Automotive (NYSE: ABG). They issued an underweight rating on the stock and set a $31.00 price target.

Jefferies Group  downgraded shares of Automatic Data Processing Incorporated (NYSE: ADP) from a hold rating to an underperform rating. Their analysts now have a $55.00 price target on the stock.

Citigroup  upgraded shares of Agrium (NYSE: AGU) from a neutral rating to a buy rating. Citigroup now has a $118.00 price target on the stock, up previously from $104.00.

Morgan Stanley  upgraded shares of Alon USA Energy, Inc. (NYSE: ALJ) from an underweight rating to an equal weight rating. Morgan Stanley now has a $17.00 price target on the stock.

Jefferies Group  reiterated its buy rating on shares of Alere Inc (NYSE: ALR). They have a $26.00 price target on the stock.

JMP Securities  initiated coverage on shares of Alere Inc (NYSE: ALR). They issued a market perform rating on the stock.

Robert W. Baird  downgraded shares of Amgen, Inc. (NASDAQ: AMGN) from an outperform rating to a neutral rating. Their analysts now have a $84.00 price target on the stock, up previously from $83.00. They noted that the move was a valuation call.

JMP Securities  initiated coverage on shares of Apollo Commercial Real Est. Finance Inc (NYSE: ARI). They issued a market perform rating on the stock.

Macquarie  downgraded shares of Basic Energy Services (NYSE: BAS) from an outperform rating to a neutral rating. Their analysts now have a $12.00 price target on the stock, down previously from $13.00.

Morgan Stanley  downgraded shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ: BBVA) from an overweight rating to an equal weight rating.

JPMorgan Chase  upgraded shares of Black Hills Corp. (NYSE: BKH) from a neutral rating to an overweight rating. JPMorgan Chase now has a $41.00 price target on the stock, up previously from $32.00.

Goldman Sachs  downgraded shares of Cohen & Steers, Inc. (NYSE: CNS) from a neutral rating to a sell rating. Their analysts now have a $26.50 price target on the stock, down previously from $31.00.

Janney Montgomery Scott  initiated coverage on shares of Demandware Inc (NASDAQ: DWRE). They issued a buy rating on the stock.

UBS AG  downgraded shares of Exelon Co. (NYSE: EXC) from a neutral rating to a sell rating. Their analysts now have a $31.00 price target on the stock.

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 Brief via Thomson Reuters ONE

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