Equity Briefing: Upgrades and Downgrades for July 18th: ACAD, ACHC, AFL, ALV, AMP, AMT, AMZN, AREX, ASML, AUQ

Wed Jul 18, 2012 10:13am EDT

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A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:

Needham & Company reiterated its hold rating on shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD).

Deutsche Bank downgraded shares of Acadia Healthcare (NASDAQ: ACHC) from a buy rating to a hold rating. They noted that the move was a valuation call.

UBS AG initiated coverage on shares of AFLAC (NYSE: AFL). They issued a neutral rating on the stock.

Robert W. Baird downgraded shares of AUTOLIV INC (NYSE: ALV) from an outperform rating to a neutral rating. Their analysts now have a $59.00 price target on the stock, down previously from $69.00.

JPMorgan Chase initiated coverage on shares of AUTOLIV INC (NYSE: ALV). They issued an overweight rating on the stock.

UBS AG initiated coverage on shares of Ameriprise Financial, Inc. (NYSE: AMP). They issued a buy rating on the stock.

Citigroup downgraded shares of American Tower Corporation (NYSE: AMT) from a buy rating to a neutral rating.

Nomura reiterated its buy rating on shares of Amazon.com, Inc. (NASDAQ: AMZN).

Howard Weil initiated coverage on shares of Approach Resources Inc. (NASDAQ: AREX). They issued an outperform rating on the stock and set a $45.00 price target.

Jefferies Group downgraded shares of ASML Holding (NASDAQ: ASML) from a buy rating to a hold rating.

Canaccord Genuity downgraded shares of AuRico Gold (NYSE: AUQ) from a buy rating to a hold rating.

JPMorgan Chase initiated coverage on shares of American Axle & Manufacturing Holdings Inc (NYSE: AXL). They issued an underweight rating on the stock.

JPMorgan Chase initiated coverage on shares of BorgWarner Inc (NYSE: BWA). They issued an overweight rating on the stock.

Jefferies Group downgraded shares of Caterpillar Inc. (NYSE: CAT) from a buy rating to a hold rating.

Longbow Research downgraded shares of Caterpillar Inc. (NYSE: CAT) from a buy rating to a neutral rating.

Global Hunter Securities initiated coverage on shares of Cliffs Natural Resources Inc (NYSE: CLF). They issued a neutral rating on the stock.

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Source: Equity Briefing via Thomson Reuters ONE

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