Analyst Upgrades and Downgrades on Wall Street Today

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 21st.

Upgrades

  • DCT Industrial Trust (NYSE:DCT): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $5.5. About the company: DCT Industrial Trust Inc. is a real estate investment trust. The Company owns, acquires, develops and manages bulk distribution and light industrial properties located in the United States.
  • Synaptics (NASDAQ:SYNA): Needham upgraded its rating on this company from Underperform to Hold. About the company: Synaptics Incorporated develops custom-designed user interface solutions. The Company’s solutions enable people to interact with a variety of mobile computing and communications devices. Synaptics offers a touch-sensitive pad that senses the position of a person’s finger on its surface to provide screen navigation, cursor movement, and a platform of interactive input.
  • Seagate Tech (NASDAQ:STX): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $13 to $17. About the company: Seagate Technology PLC designs, manufactures, and markets rigid disc drives for enterprise, personal computer, and consumer electronics applications.
  • Covanta (NYSE:CVA): Ardour Capital upgraded its rating on this company from Accumulate to Buy and changed its price target to $21. About the company: Covanta Holding Corporation conducts operations in waste disposal, energy services, and specialty insurance. The Company also owns and operates waste-to-energy and power generation projects. Covanta’s waste-to-energy facilities convert municipal solid waste into renewable energy for communities primarily in the United States.

Downgrades

  • Calix Networks (NYSE:CALX): Avondale downgraded its rating on this company from Mkt Outperform to Mkt Perform. About the company: Calix, Inc. provides communications access systems and software that enable communications service providers, or CSPs, to connect to their residential and business subscribers. The Company’s products encompass its multiservice, multiprotocol access platform and its Ethernet service access platforms.
  • Natl Oilwell Varco (NYSE:NOV): Standpoint Research downgraded its rating on this company from Buy to Hold. About the company: National Oilwell Varco Inc. designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.
  • Tempur-Pedic (NYSE:TPX): Standpoint Research downgraded its rating on this company from Buy to Hold. About the company: Tempur-Pedic International Inc., through its primary subsidiary Tempur World, manufactures and markets foam mattresses, pillows, and miscellaneous products under the Tempur-Pedic and other brand names.
  • LaCrosse Footwear, Inc. (NASDAQ:BOOT): DA Davidson downgraded its rating on this company from Buy to Neutral. About the company: LaCrosse Footwear, Inc. designs, develops, manufactures, and markets protective footwear and rainwear. The Company’s products are sold to the sporting and outdoor, farm and general utility, occupational, and children’s markets. LaCrosse markets its products under the LaCrosse, Danner, Red Ball, Rainfair, and Lake of the Woods brands, as well as private labels.
  • FedEx (NYSE:FDX): Standpoint Research downgraded its rating on this company from Buy to Hold. About the company: FedEx Corp. delivers packages and freight to multiple countries and territories throught an integrated global network. The Company provides worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery, supply chain management services, customs brokerage services, and trade facilitation and electronic commerce solutions.
  • PetroQuest Energy (NYSE:PQ): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: PetroQuest Energy, Inc. explores, develops, acquires, and operates oil and gas properties onshore and offshore in the Gulf Coast Region.
  • Intl Flavors (NYSE:IFF): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: International Flavors & Fragrances Inc. creates and manufactures flavor and fragrance products. The Company’s fragrance products are sold to manufacturers of perfumes, cosmetics, soaps and detergents, and its flavor products to manufacturers of prepared foods, beverages, dairy foods, pharmaceuticals, and confectionery products.
  • Huntington Banc (NASDAQ:HBAN): Oppenheimer downgraded its rating on this company from Outperform to Perform. About the company: Huntington Bancshares Incorporated is a multi-state bank holding company. The Company’s subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.
  • FLIR Systems (NASDAQ:FLIR): Needham downgraded its rating on this company from Buy to Hold. About the company: FLIR Systems, Inc. designs, manufactures, and markets thermal imaging and broadcast camera systems for a variety of applications in the commercial and government markets. The Company makes products for condition monitoring, research and development, airborne observation and broadcast, search and rescue, and surveillance and reconnaissance.
  • Aixtron (NASDAQ:AIXG): Kaufman Bros downgraded its rating on this company from Buy to Hold and changed its price target from $22 to $14. About the company: Aixtron AG engineers and manufactures metal organic chemical vapor deposition (MOCVD) equipment for the semiconductor industry. The Company’s customers use its equipment to produce compound semiconductor layer structures for use in LED, laser, solar cell, transistor, telecommunications, and other applications. Aixtron markets its products worldwide.
  • Penn Natl Gaming (NASDAQ:PENN): Brean Murray downgraded its rating on this company from Buy to Hold. About the company: Penn National Gaming, Inc. owns and operates Charles Town Races in West Virginia which features slot machines, casinos in Mississippi, and a riverboat gaming facility in Louisiana. The Company also owns racetracks and off-track wagering facilities in Pennsylvania, as well as manages a gaming facility in the Province of Ontario, Canada.
  • New York & Co (NYSE:NWY): Janney Mntgmy Scott downgraded its rating on this company from Buy to Neutral and changed its price target to $3. About the company: New York & Company, Inc. is a specialty retailer of women’s apparel products. The Company designs and sources its branded New York & Company merchandise sold exclusively through its network of retail stores nationwide.
  • BHP Billiton (NYSE:BHP): HSBC Securities downgraded its rating on this company from Overweight to Neutral. About the company: BHP Billiton Limited is an international resources company. The Company’s principal business lines are mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel and copper concentrate, as well as petroleum exploration, production, and refining.

(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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