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:
Credit Suisse upgraded shares of AllianceBernstein Holding LP (NYSE: AB) from a neutral rating to an outperform rating. Credit Suisse now has a $16.00 price target on the stock, up previously from $14.50.
Stephens initiated coverage on shares of American Capital (NASDAQ: ACAS). They issued an overweight rating on the stock and set a $13.00 price target.
Credit Suisse downgraded shares of ADTRAN, Inc. (NASDAQ: ADTN) from a neutral rating to an underperform rating. Their analysts now have a $18.00 price target on the stock, down previously from $22.00.
Nomura reiterated its buy rating on shares of American Eagle (NYSE: AEO).
Dahlman Rose downgraded shares of AK Steel Holding Co. (NYSE: AKS) from a hold rating to a sell rating. Their analysts now have a $5.00 price target on the stock.
Sterne Agee upgraded shares of Anworth Mortgage Asset Co. (NYSE: ANH) from a neutral rating to a buy rating. Sterne Agee now has a $7.20 price target on the stock.
Stephens initiated coverage on shares of Ares Capital (NASDAQ: ARCC). They issued an overweight rating on the stock.
Global Hunter Securities initiated coverage on shares of Alliance Resource (NASDAQ: ARLP). They issued a neutral rating on the stock and set a $68.00 price target.
Jefferies Group reiterated its buy rating on shares of Ashland Inc. (NYSE: ASH).
Nomura reiterated its buy rating on shares of BHP Billiton (NYSE: BHP).
Piper Jaffray raised its price target on shares of BJ's Restaurants, Inc. (NASDAQ: BJRI) to $45.00.
Piper Jaffray raised its price target on shares of Cheesecake Factory (NASDAQ: CAKE) to $37.00. They have an overweight rating on the stock.
Jefferies Group reiterated its positive rating on shares of Calix Networks (NASDAQ: CALX).
Credit Agricole initiated coverage on shares of Caterpillar Inc. (NYSE: CAT). They issued an outperform rating on the stock and set a $105.00 price target.
Dahlman Rose initiated coverage on shares of CGG Veritas (NYSE: CGV). They issued a buy rating on the stock and set a $42.00 price target.
Nomura reiterated its neutral rating on shares of Chico's (NYSE: CHS).
Howard Weil lowered its price target on shares of Continental Resources, Inc. (NYSE: CLR) from $88.00 to $85.00. They have a market perform rating on the stock.
DA Davidson initiated coverage on shares of Clearwire (NASDAQ: CLWR). They issued a neutral rating on the stock and set a $1.90 price target.
Cantor Fitzgerald downgraded shares of CoreSite Realty Corp (NYSE: COR) from a buy rating to a hold rating. Their analysts now have a $28.00 price target on the stock.
Jefferies Group reiterated its buy rating on shares of Covidien plc (NYSE: COV).
Barclays Capital initiated coverage on shares of Cirrus Logic, Inc. (NASDAQ: CRUS). They issued an overweight rating on the stock and set a $47.00 price target.
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