Analysts Issue New Stock Ratings on These Companies Today
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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