Equity Briefing: Upgrades and Downgrades for August 9th: SRPT, STX, SWRAY, SXC, THS, TOL, TRMB, TTM, TX, UA

Fri Aug 10, 2012 10:35am EDT

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A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/arndailyr) and Equity Briefing:

WBB Securities  initiated coverage on shares of Sarepta Therapeutic (NASDAQ: SRPT). They issued a hold rating on the stock and set a $8.00 price target.

Lazard Capital  initiated coverage on shares of Seagate (NYSE: STX). They issued a buy rating on the stock and set a $38.00 price target.

Nomura  initiated coverage on shares of Swire Pacific Ltd. (NASDAQ: SWRAY). They issued a reduce rating on the stock.

Oppenheimer  reiterated its outperform rating on shares of Suncoke Energy Inc (NYSE: SXC). They have a $19.00 price target on the stock, up previously from $18.00.

SunTrust  downgraded shares of TreeHouse Foods Inc. (NYSE: THS) from a buy rating to a neutral rating.

Stephens  downgraded shares of TreeHouse Foods Inc. (NYSE: THS) from an overweight rating to an equal weight rating. Their analysts now have a $54.00 price target on the stock.

JPMorgan Chase  downgraded shares of Toll Brothers, Inc. (NYSE: TOL) from a neutral rating to an underweight rating. Their analysts now have a $31.50 price target on the stock, up previously from $30.00.

Lazard Capital  initiated coverage on shares of Trimble Navigation (NASDAQ: TRMB). They issued a buy rating on the stock and set a $58.00 price target.

Credit Suisse  downgraded shares of Tata Motors (NYSE: TTM) from a neutral rating to an underperform rating.

HSBC  initiated coverage on shares of Ternium S.A. (NYSE: TX). They issued an overweight rating on the stock.

Sterne Agee  reiterated its buy rating on shares of Under Armour, Inc. (NYSE: UA). They have a $64.00 price target on the stock.

Goldman Sachs  initiated coverage on shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA). They issued a buy rating on the stock and set a $105.00 price target.

Sanford C. Bernstein  downgraded shares of United Microelectronics Corp (NYSE: UMC) from a market perform rating to an underperform rating.

Needham & Company  upgraded shares of Warner Chilcott (NASDAQ: WCRX) from a hold rating to a buy rating. Needham & Company now has a $20.00 price target on the stock.

Lazard Capital  initiated coverage on shares of Western Digital (NYSE: WDC). They issued a buy rating on the stock and set a $50.00 price target.

Deutsche Bank  downgraded shares of Boingo Wireless Inc (NASDAQ: WIFI) from a buy rating to a hold rating. Their analysts now have a $8.00 price target on the stock, down previously from $13.00.

Canaccord Genuity  reiterated its hold rating on shares of XOMA Corp. (NASDAQ: XOMA).

Global Hunter Securities  downgraded shares of Crosstex Energy LP (NASDAQ: XTEX) from an accumulate rating to a neutral rating.

Raymond James  upgraded shares of Yadkin Valley Financial Corp. (NASDAQ: YAVY) from an underperform rating to a market perform rating.

Oppenheimer  reiterated its outperform rating on shares of Zogenix (NASDAQ: ZGNX). They have a $30.00 price target on the stock, up previously from $4.00.

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Source: Equity Briefing via Thomson Reuters ONE

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