As the U.S. stock markets trades almost flat, Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on September 28th:
- Ivanhoe Mines (NYSE:IVN): BMO Capital Markets upgraded its rating on this company from Market Perform to Outperform and changed its price target from $28 to $24. About the company: Ivanhoe Mines Ltd. explores for and develops mineral and metal properties in Asia and Australia. The Company explores for gold and copper at the Oyu Tolgoi mine in southern Mongolia; and holds interests in companies that mine coal in Mongolia, molybdenum and rhenium in Australia, and gold at the Kyzyl Gold Project in Kazakhstan.
- LSI Logic (NYSE:LSI): Avian downgraded its rating on this company from Positive to Neutral. About the company: LSI Corporation designs, develops, manufactures, and markets integrated circuits and storage systems. The Company offers products and services for a variety of electronic systems applications that are marketed to original equipment manufacturers in the networking, telecommunications and wireless, computers, consumer products, and storage industries.
- Imperial Holdings (IFT): Wunderlich downgraded its rating on this company from Buy to Hold. FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target from $15 to $6.2.
(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)
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