Bank Analyst Upgrades and Downgrades October 31st

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 31st.

Upgrades

  • Broadcom (NASDAQ:BRCM): JMP Securities upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $42. About the company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • RPC (NYSE:RES): Canaccord Genuity upgraded its rating on this company from Hold to Buy and changed its price target to $24. About the company: RPC, Inc. provides specialized oilfield services and equipment to independent and major oilfield companies. The Company’s services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and other equipment.
  • SandRidge Mississippian Trust I (SDT): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $25 to $30.
  • Nabors Industries (NYSE:NBR): Dahlman Rose upgraded its rating on this company from Hold to Buy and changed its price target to $30. About the company: Nabors Industries Ltd, is a land drilling contractor, and also performs well servicing and workovers. The Company conducts oil, gas, and geothermal land drilling operations. Nabors’ well-site services include oilfield management, well logging, and other support services.
  • UQM Technologies (AMEX:UQM): Needham upgraded its rating on this company from Hold to Buy and changed its price target to $4. About the company: UQM Technologies, Inc. develops and manufactures electric motors, generators, and power electronics. The Company’s products are sold to the aerospace, medical, military, and industrial markets. UQM’s principal focus is on the development of products for the alternative energy technologies sector.

Downgrades

  • Complete Production Services (NYSE:CPX): Canaccord Genuity downgraded its rating on this company from Buy to Hold. About the company: Complete Production Services, Inc. offers services to the oil and natural gas production industry. The Company establishes, maintains, and enhances the flow of oil and gas throughout the life of a well, offers land drilling, specialized rig logistics and site preparation services, and offers products such as completion, flow control and artificial lift equipment, and tubular goods.
  • Education Realty Trust (NYSE:EDR): JMP Securities downgraded its rating on this company from Mkt Outperform to Mkt Perform. About the company: Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust. The Company owns, acquires, manages, and selectively develops student housing communities located near university campuses.
  • Hopfed Bancorp, Inc (NASDAQ:HFBC): Hilliard Lyons downgraded its rating on this company from Long-term Buy to Neutral. About the company: Hopfed Bancorp, Inc. is the holding company for Hopkinsville Federal Savings Bank. The Bank attracts deposits from the general public and invests such funds in a variety of loan products and investment securities. Hopkinsville operates in Calloway, Christian, Todd, and Trigg counties in southwestern Kentucky.
  • TCF Financial (NYSE:TCB): Compass Point downgraded its rating on this company from Neutral to Sell and changed its price target from $16 to $9. About the company: TCF Financial Corporation is a national financial holding company. The Company provides retail and commercial banking services. TCF Financial also offers commercial leasing & equipment and commercial inventory financing.
  • JB Hunt Trans (NASDAQ:JBHT): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: J.B. Hunt Transport Services, Inc. and its subsidiaries provide transportation and logistics services in the United States, Canada, and Mexico. The Company transports a variety of products including automotive parts, department store merchandise, paper and wood products, food and beverages, plastics, chemicals, and manufacturing materials and supplies.
  • Health Care REIT (NYSE:HCN): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: Health Care REIT, Inc. is a real estate investment trust. The Trust invests in senior housing and health care real estate. Health Care also provide an extensive array of property management and development services. The trust owns interests in nursing homes, retirement centers, assisted living facilities, and specialty care hospitals.
  • Canadian Natl Rail (NYSE:CNI): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: Canadian National Railway Company operates a network of track in Canada and the United States. The Company transports forest products, grain and grain products, coal, sulfur, and fertilizers, intermodal, and automotive products. Canadian National operates a fleet of locomotives and railcars.
  • Boardwalk Pipeline (NYSE:BWP): Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform. About the company: Boardwalk Pipeline Partners, LP transports, gathers, and stores natural gas. The Company owns and operates interstate pipeline systems that either serve customers directly or indirectly throughout the northeastern and southeastern United States.
  • SanDisk (NASDAQ:SNDK): Sterne Agee downgraded its rating on this company from Buy to Neutral and changed its price target to $58. About the company: SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology.
  • Fossil (NASDAQ:FOSL): Brean Murray downgraded its rating on this company from Buy to Hold. About the company: Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories. The Company’s products include an extensive line of men’s and women’s fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.
  • Star Bulk Carriers (NASDAQ:SBLK): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform. About the company: Star Bulk Carriers Corp owns and operates a fleet of dry bulk carriers. The Company’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, phosphate and steel products.
  • Baltic Trading (NYSE:BALT): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform. About the company: Baltic Trading Ltd is an international drybulk shipping company.
  • Salient MLP & Energy Infras. (SMF): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $26.
  • Tortoise Energy Infrastructure (NYSE:TYG): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $41. About the company: Tortoise Energy Infrastructure Corporation is a nondiversified, closed-end management investment company. The Company invests primarily in publicly traded master limited partnerships in the energy infrastructure sector.
  • Legacy Reserves (NASDAQ:LGCY): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $31. About the company: Legacy Reserves acquires and explores for oil and natural gas properties in the United States.
  • Nuveen Energy MLP Total Return (JMF): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $18.
  • Genesis Energy, L.P. (NYSE:GEL): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $29. About the company: Genesis Energy, L.P. owns and operates crude oil gathering, marketing, and pipeline operations. The Company purchases and aggregates crude oil at the wellhead and at pipeline and terminal facilities for resale to refineries and other customers. Genesis Energy operates principally in Texas, Louisiana, New Mexico, Florida, Mississippi, Kansas, and Oklahoma.
  • ClearBriedge Energy MLP (EMO): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $20.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>