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 Agricole initiated coverage on shares of Nabors Industries (NYSE: NBR). They issued an outperform rating on the stock and set a $17.00 price target.
Credit Agricole initiated coverage on shares of National-Oilwell Varco, Inc. (NYSE: NOV). They issued a buy rating on the stock and set a $95.00 price target.
Deutsche Bank initiated coverage on shares of NXP Semiconductors (NASDAQ: NXPI). They issued a buy rating on the stock and set a $30.00 price target.
Northcoast Research downgraded shares of OM Group Inc (NYSE: OMG) from a buy rating to a neutral rating.
Jefferies Group initiated coverage on shares of Petroleo Brasileiro SA (NYSE: PBR). They issued a buy rating on the stock.
First Analysis downgraded shares of PolyOne (NYSE: POL) from an overweight rating to an equal weight rating.
JPMorgan Chase downgraded shares of Portugal Telecom, SGPS (NYSE: PT) from a neutral rating to an underweight rating.
Credit Agricole initiated coverage on shares of Patterson-UTI (NASDAQ: PTEN). They issued a buy rating on the stock and set a $19.00 price target.
Morgan Stanley upgraded shares of Qlik Technologies Inc (NASDAQ: QLIK) from an equal weight rating to an overweight rating. Morgan Stanley now has a $28.00 price target on the stock.
Barclays Capital initiated coverage on shares of QR Energy LP (NYSE: QRE). They issued an overweight rating on the stock and set a $22.00 price target.
ThinkEquity initiated coverage on shares of Rda Microelectronics Inc (NYSE: RDA). They issued a buy rating on the stock and set a $13.00 price target.
Credit Agricole initiated coverage on shares of Rowan Companies, Inc. (NYSE: RDC). They issued an outperform rating on the stock and set a $40.00 price target.
ThinkEquity initiated coverage on shares of Radware Ltd. (NASDAQ: RDWR). They issued a buy rating on the stock and set a $41.00 price target.
Sanford C. Bernstein initiated coverage on shares of Rio Tinto (NYSE: RIO). They issued an outperform rating on the stock and set a $69.09 price target.
ThinkEquity initiated coverage on shares of Silicon Motion Technology Corp. (NASDAQ: SIMO). They issued a buy rating on the stock and set a $20.00 price target.
Credit Agricole initiated coverage on shares of Schlumberger (NYSE: SLB). They issued a buy rating on the stock and set a $90.00 price target.
UBS AG downgraded shares of STMicroelectronics (NYSE: STM) from a neutral rating to a sell rating.
Exane BNP Paribas initiated coverage on shares of Tesco PLC (NASDAQ: TSCDY). They issued an underperform rating on the stock.
UBS AG upgraded shares of Time Warner Inc. (NYSE: TWX) from a neutral rating to a buy rating. UBS AG now has a $50.00 price target on the stock, up previously from $39.00.
Exane BNP Paribas upgraded shares of UBS AG (NYSE: UBS) from an underperform rating to an outperform rating.
Sanford C. Bernstein initiated coverage on shares of Vale (NASDAQ: VALE). They issued an underperform rating on the stock and set a $12.30 price target.
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