A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:
Stifel Nicolaus initiated coverage on shares of Sirona Dental (SIRO). They issued a buy rating on the stock and set a $68.00 price target.
RBC Capital upgraded shares of Southern Co (SO) from a sector perform rating to an outperform rating. RBC Capital now has a $49.00 price target on the stock.
AlphaValue reiterated its add rating on shares of Snam SpA (SRG). They have a $4.71 price target on the stock.
Davenport downgraded shares of Standard Parking Co. (STAN) from a buy rating to a neutral rating.
Northland Securities raised its price target on shares of Sunopta Inc. (STKL) from $7.50 to $9.00. They have an outperform rating on the stock.
Craig Hallum upgraded shares of STR Holdings, Inc. (STRI) from a buy rating to a hold rating.
Standpoint Research downgraded shares of State Street Co. (STT) from a buy rating to a hold rating.
Hudson Square Research lowered its price target on shares of AT&T Inc. (T) from $36.00 to $32.00. They have a hold rating on the stock.
Credit Suisse initiated coverage on shares of Transdigm Group (TDG). They issued an outperform rating on the stock.
Zacks upgraded shares of Triumph Group, Inc. (TGI) from a neutral rating to an outperform rating. Zacks now has a $79.00 price target on the stock. Zacks' analyst wrote, "We are upgrading our recommendation on Triumph Group from Neutral to Outperform based on the huge organic growth the company has experienced on the back of high demand in the industry. Also, efforts of lowering costs, increasing margins and a strong balance sheet bode well for the stock. The company's concerted efforts in achieving these positives would in turn increase shareholders' value which is considered to be an added perk. TGI reported strong results in the second quarter 2013 with earnings of $1.57 per share, an increase of 36.5% year over year. Also, there was a huge jump in revenue of 18.7%, leading it to stand at $938 million. However, factors like the cyclicality of the aerospace market, lower demand on the military front, foreign currency fluctuations and Government spending in defense may pose a certain risk to the growth of the company."
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