A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:
Dougherty & Co raised its price target on shares of IPC The Hospitalist (IPCM) from $45.00 to $50.00. They have a buy rating on the stock.
B. Riley downgraded shares of Intevac Inc (IVAC) from a buy rating to a neutral rating.
Needham & Company initiated coverage on shares of JDS Uniphase Co. (JDSU). They issued a hold rating on the stock. They noted that the move was a valuation call.
Wells Fargo & Co. reiterated its outperform rating on shares of JPMorgan Chase (JPM).
MKM Partners upgraded shares of KB Home (KBH) from a neutral rating to a buy rating. They noted that the move was a valuation call.
Citigroup upgraded shares of Kinder Morgan (KMI) from a neutral rating to a buy rating. Citigroup now has a $39.00 price target on the stock.
Citigroup upgraded shares of Kinder Morgan Energy Partners LP (KMP) from a sell rating to a neutral rating.
Sidoti initiated coverage on shares of Kennametal Inc. (KMT). They issued a buy rating on the stock.
MKM Partners upgraded shares of Lennar Co. (LEN) from a neutral rating to a buy rating. They noted that the move was a valuation call.
Goldman Sachs reiterated its sell rating on shares of Lexmark International, Inc. (LXK).
Compass Point initiated coverage on shares of Micros Systems Inc (MCRS). They issued a neutral rating on the stock and set a $50.00 price target.
Cormark initiated coverage on shares of Mitel Networks Corp. (MITL). They issued a buy rating on the stock.
Standpoint Research downgraded shares of The Mosaic Company (MOS) from a buy rating to a hold rating.
Janney Montgomery Scott initiated coverage on shares of Melco Crown Entertainment Limited (MPEL). They issued a buy rating on the stock.
Zacks reiterated its neutral rating on shares of MeadWestvaco Corp. (MWV). They have a $30.00 price target on the stock.
ThinkEquity initiated coverage on shares of NetSuite Inc. (N). They issued a hold rating on the stock.
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