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:
Noble Financial downgraded shares of The Providence Service Co. (NASDAQ: PRSC) from a buy rating to a hold rating.
Credit Suisse downgraded shares of Penn West Energy Trust (NYSE: PWE) from an outperform rating to a neutral rating.
Robert W. Baird downgraded shares of Robbins & Myers (NYSE: RBN) from an outperform rating to a neutral rating. Their analysts now have a $60.00 price target on the stock.
Credit Suisse upgraded shares of Rock-Tenn Company (NYSE: RKT) from a neutral rating to an outperform rating.
Piper Jaffray upgraded shares of Ross Stores, Inc. (NASDAQ: ROST) from a neutral rating to an overweight rating.
Bank of America upgraded shares of Sprint Nextel (NYSE: S) from a neutral rating to a buy rating. Bank of America now has a $6.00 price target on the stock, up previously from $4.50.
Wunderlich raised its price target on shares of SCBT Financial Co. (NASDAQ: SCBT) from $40.00 to $48.00. They have a buy rating on the stock.
Bank of America downgraded shares of Schnitzer Steel (NASDAQ: SCHN) from a neutral rating to an underperform rating. Their analysts now have a $28.00 price target on the stock, down previously from $31.00.
Cowen downgraded shares of SciClone Pharmaceuti (NASDAQ: SCLN) from an outperform rating to a neutral rating.
Morgan Stanley downgraded shares of Sagent Pharmaceuticals Inc (NASDAQ: SGNT) from an overweight rating to an equal weight rating.
Deutsche Bank initiated coverage on shares of Silicon Motion Technology Corp. (NASDAQ: SIMO). They issued a buy rating on the stock.
Goldman Sachs upgraded shares of The J.M. Smucker Company (NYSE: SJM) from a neutral rating to a buy rating.
Canaccord Genuity initiated coverage on shares of Sodastream International (NASDAQ: SODA). They issued a hold rating on the stock and set a $45.00 price target. They noted that the move was a valuation call.
Jefferies Group upgraded shares of Spreadtrum Comms (NASDAQ: SPRD) from an underperform rating to a hold rating.
B. Riley upgraded shares of Stoneridge, Inc. (NYSE: SRI) from a neutral rating to a buy rating.
Desjardins upgraded shares of Sunopta Inc. (NASDAQ: STKL) from a hold rating to a buy rating.
Ascendiant Capital Markets lowered its price target on shares of Firsthand Technology Value Fund Inc (NASDAQ: SVVC) from $24.00 to $21.00. They have a buy rating on the stock.
JPMorgan Chase downgraded shares of Syntel, Inc. (NASDAQ: SYNT) from an overweight rating to a neutral rating.
Raymond James upgraded shares of Solazyme Inc (NASDAQ: SZYM) from a market perform rating to an outperform rating.
Macquarie downgraded shares of Thompson Creek Metals Co Inc (NYSE: TC) from a neutral rating to an underperform rating.
Caris & Co. downgraded shares of Time Warner Inc. (NYSE: TWX) from an above average rating to an average rating. Their analysts now have a $42.00 price target on the stock.
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