Equity Briefing: Upgrades and Downgrades for August 17th: DRRX, EBAY, FCEL, GDI, GILD, GPS, GTAT, HFC, IDIX

Fri Aug 17, 2012 10:18am 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:

C.K. Cooper  initiated coverage on shares of Durect Corp. (NASDAQ: DRRX). They issued a buy rating on the stock and set a $3.00 price target.

Caris & Co.  initiated coverage on shares of eBay, Inc. (NASDAQ: EBAY). They issued an average rating on the stock and set a $52.00 price target.

FBR Capital  initiated coverage on shares of FuelCell Energy, Inc. (NASDAQ: FCEL). They issued a market perform rating on the stock and set a $1.50 price target.

Capstone  downgraded shares of Gardner Denver (NYSE: GDI) from a buy rating to a hold rating.

Jefferies Group  reiterated its hold rating on shares of Gilead Sciences, Inc. (NASDAQ: GILD).

Janney Montgomery Scott  reiterated its buy rating on shares of The Gap Inc. (NYSE: GPS).

Canaccord Genuity  upgraded shares of GT Advanced Technologies, Inc. (NASDAQ: GTAT) from a hold rating to a buy rating. Canaccord Genuity now has a $9.00 price target on the stock, up previously from $5.00.

JPMorgan Chase  initiated coverage on shares of HollyFrontier Corp (NYSE: HFC). They issued a neutral rating on the stock and set a $39.00 price target.

Brean Murray  upgraded shares of Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX) from a sell rating to a hold rating.

Leerink Swann  reiterated its hold rating on shares of Idenix Pharmaceuticals, Inc. (NASDAQ: IDIX).

Stifel Nicolaus  upgraded shares of Kohlberg Capital Corp. (NASDAQ: KCAP) from a hold rating to a buy rating. Stifel Nicolaus now has a $9.50 price target on the stock.

Wedbush  initiated coverage on shares of Krispy Kreme Doughnuts (NYSE: KKD). They issued an outperform rating on the stock and set a $9.00 price target.

Morgan Stanley  downgraded shares of Liberty Media Corp (NASDAQ: LINTA) from an overweight rating to an equal weight rating.

Jefferies Group  reiterated its buy rating on shares of Lorillard Inc. (NYSE: LO).

Morgan Stanley  downgraded shares of McKesson Co. (NYSE: MCK) from an overweight rating to an equal weight rating.

Dahlman Rose  downgraded shares of Molycorp, Inc. (NYSE: MCP) from a buy rating to a hold rating.

Argus  upgraded shares of Medtronic, Inc. (NYSE: MDT) from a hold rating to a buy rating. Argus now has a $48.00 price target on the stock.

FBR Capital  upgraded shares of Meadowbrook Insurance Group, Inc. (NYSE: MIG) from a market perform rating to an outperform rating. FBR Capital now has a $10.00 price target on the stock.

RBC Capital  downgraded shares of Marvell Technology Group (NASDAQ: MRVL) from an outperform rating to a sector perform rating. Their analysts now have a $12.00 price target on the stock, down previously from $19.00.

Nomura  reiterated its reduce rating on shares of Marvell Technology Group (NASDAQ: MRVL).

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