Equity Briefing: Upgrades and Downgrades for July 18th: SKS, SPLS, SPN, TEN, TIF, TLM, TOWR, TRW, TSLA, TWI

Wed Jul 18, 2012 10:24am 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:

Goldman Sachs downgraded shares of Saks Inc (NYSE: SKS) from a neutral rating to a sell rating.

UBS AG downgraded shares of Staples, Inc. (NASDAQ: SPLS) from a buy rating to a neutral rating.

Wells Fargo & Co. initiated coverage on shares of Sup Energy Svcs (NYSE: SPN). They issued an outperform rating on the stock.

RBC Capital initiated coverage on shares of Sup Energy Svcs (NYSE: SPN). They issued a sector perform rating on the stock and set a $23.00 price target.

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

Goldman Sachs upgraded shares of Tiffany & Co. (NYSE: TIF) from a neutral rating to a buy rating.

RBC Capital downgraded shares of Talisman Energy Inc (NYSE: TLM) from an outperform rating to a sector perform rating. Their analysts now have a $14.00 price target on the stock, down previously from $17.00.

Robert W. Baird downgraded shares of Tower International Inc (NASDAQ: TOWR) from an outperform rating to a neutral rating. Their analysts now have a $11.00 price target on the stock, down previously from $18.00.

JPMorgan Chase initiated coverage on shares of Tower International Inc (NASDAQ: TOWR). They issued an underweight rating on the stock.

JPMorgan Chase initiated coverage on shares of TRW Automotive Holdings Corp. (NYSE: TRW). They issued an overweight rating on the stock.

Wunderlich downgraded shares of Tesla Motors Inc (NASDAQ: TSLA) from a buy rating to a sell rating. Their analysts now have a $28.00 price target on the stock, down previously from $49.00.

Jefferies Group downgraded shares of Titan International Inc (Illinois) (NYSE: TWI) from a buy rating to a hold rating.

Susquehanna downgraded shares of Universal Health Services (NYSE: UHS) from a positive rating to a neutral rating.

UBS AG initiated coverage on shares of Unum Group (NYSE: UNM). They issued a buy rating on the stock.

JPMorgan Chase initiated coverage on shares of Visteon Co. (NYSE: VC). They issued a neutral rating on the stock.

Susquehanna downgraded shares of Vanguard Health Syst (NYSE: VHS) from a positive rating to a neutral rating.

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Source: Equity Briefing via Thomson Reuters ONE

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