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:
UBS AG lowered its price target on shares of Bed Bath & Beyond Inc. (BBBY) from $71.00 to $64.50. They have a neutral rating on the stock. They wrote, "Our EPS est. of $1.03 is slightly ahead of the cons. $1.02, but the components of the results will matter just as much as the bottom line. There is some risk to our 3% comp est. since BBBY's 3Q spanned a period of uncertain consumer spending, including late Oct. / early Nov. We think the storms restrained BBBY's comp by 50 bps. BBBY likely felt some comp pressure form having many fewer stores open at midnight on BF. A comp below 2% likely won't be received well by the market."
Robert W. Baird reiterated its rating on shares of Breitburn Energy (BBEP). They have a $25.00 price target on the stock.
Stephens initiated coverage on shares of Bravo Brio (BBRG). They issued an overweight rating on the stock and set a $18.50 price target.
Barclays Capital reiterated its rating on shares of Berry Plastics Group Inc (BERY). They have a $16.00 price target on the stock.
Canaccord Genuity initiated coverage on shares of Biogen Idec Inc. (BIIB). They issued a hold rating on the stock and set a $144.00 price target.
Longbow Research downgraded shares of Ball Co. (BLL) from a buy rating to a neutral rating.
Deutsche Bank reiterated its hold rating on shares of Ball Co. (BLL). They have a $46.00 price target on the stock.
KeyBanc reiterated its buy rating on shares of Bob Evans Farms, Inc. (BOBE). They have a $45.00 price target on the stock.
FBR Capital raised its price target on shares of Boston Private Financial Holdings Incorporated (BPFH) from $8.50 to $9.00. They have a market perform rating on the stock.
Zacks upgraded shares of Bruker Co. (BRKR) from a neutral rating to an outperform rating. Zacks now has a $15.70 price target on the stock.
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