Bank Analysts Issued New Grades on These Top Stocks Recently

Following is a list of recent analyst upgrades and downgrades of various stocks. Note that the terminology used for various ratings varies across firms.  E.g., some firms rated “buys” as “outperform” or simply “buy,” or rated “holds” as “neutral” or “perform,” etc.

Upgrades

  • DigitalGlobe (NYSE:DGI): Morgan Keegan upgraded this stock from “Market perform” to “Outperform.”  The price target for the stock is $32.  The shares have traded in a 52-week range of $23.31 to $33.16 and most recently traded at $23.90.  The company earned $0.04 per share last year.  About the company:  DigitalGlobe is building a constellation of high-resolution earth imaging satellites and a geo-information product store Web site.  The Company’s DigitalGlobe System facillitates the collection and archival of geospatial information data and ensures flexible distribution.  DigitalGlobe also offers services for project specific requirements.
  • MakeMyTrip (NASDAQ:MMYT): Oppenheimer upgraded this stock from “Perform” to “Outperform.”  The price target for the stock is $32.  The shares have traded in a 52-week range of $20.85 to $42.88 and most recently traded at $22.86 per share.  The company earned $0.15 per share last year.  About the company:  Makemytrip Ltd. offers travel services over the Internet.  The Company operates websites that allow travelers to research and plan trips and book airline tickets, hotels, packages, rail tickets, bus tickets, and rental cars.  Makemytrip also offers access to travel insurance.
  • American Eagle (NYSE:AEO): Brean Murray upgraded this stock from “Sell” to “Hold.”  No price target for the stock is given.  The stock has traded in a 52-week range of $11.35 to $17.46 and most recently traded at $12.80 per share.  The company earned $0.79 per share last year.  About the company:  American Eagle Outfitters, Inc. retails men’s and women’s casual apparel, footwear, outerwear, and accessories.  The Company’s products include jeans, khakis, T-shirts, and other similar apparel.  American Eagle operates in the United States. Competitors to Watch: Urban Outfitters, Inc. (NASDAQ:URBN), Abercrombie & Fitch (NYSE:ANF), The Buckle, Inc. (NYSE:BKE), Aeropostale, Inc. (NYSE:ARO), The Gap Inc. (NYSE:GPS), Pacific Sunwear of California, Inc. (NASDAQ:PSUN), dELiA*s, Inc. (NASDAQ:DLIA), Zumiez Inc. (NASDAQ:ZUMZ), J.C. Penney (NYSE:JCP) and The Wet Seal, Inc. (NASDAQ:WTSLA).
  • New Oriental Education & Technology (NYSE:EDU): Robert W. Baird upgraded this stock from “Neutral” to “Outperform.”  The price target on the stock is $140.  The shares have traded in a 52 week range of $86.82 to $121.86 and most recently traded at $111.35 per share.  The company earned $2.37 per share last year.  About the company:  New Oriental Education & Technology Group, Inc. offers educational services.  The Company offers foreign language training, test preparation courses for admissions and assessments tests in the United State, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online classes.
  • First Financial (NASDAQ:FFBC): Robert W. Baird upgraded this stock from “Neutral” to “Outperform.”  The price target on this stock is $21.  The shares have traded in a 52-week range of $13.94 to $19.57 and most recently traded at $15.03 per share.  The company earned $1.11 per share last year.  About the company: First Financial Bancorp is a financial holding company.  The subsidiaries provide commercial lending, real estate lending, consumer credit, credit card, and other personal loan financing.  First Financial operates through a network of offices in western Ohio, Indiana, southern Michigan, and northern Kentucky.

Coverage Initiated

  • Capstone Turbine (NASDAQ:CPST): FBR Capital initiated coverage on this stock with a rating of “Outperform.”  The price target on the stock is $2.75.  The shares have traded in a 52-week range of $0.62 to $2.14 per share and have most recently traded at $1.60 per share.  The company lost $0.09 per share last year.  About the company:  Capstone Turbine Corporation designs, assembles and sells Capstone MicroTurbines for worldwide applications in the distributed power generation and hybrid electric vehicle markets.  The Capstone MicroTurbine is a low-emissions power generation system that combines a gas turbine-drive high-speed generator with power electronics.

Downgrades

  • EnerNOC (NASDAQ:ENOC): Wedbush downgraded their rating to “Underpform.”  The price target for this stock was changed to $9.  The shares have traded in a 52-week range of $15.84 to $36.75 and most recently traded at $16.17 per share.  The company earned $0.18 per share last year.  About the company:  EnerNOC, Inc. develops and provides clean and intelligent power solutions to commercial, institutional and industrial customers, as well as electric power grid operators and utilities.  The Company, through its network centers remotely manages electricity consumption across a network of end-use customer sites.
  • Newell Rubbermaid (NYSE:NWL): Longbow downgraded their rating to “Buy.”  The price target for this stock was changed to $21.  The shares traded in a 52-week range of $14.14 to $20.38 and most recently traded at $14.97 per share.  The company earned $1.02 per share last year.  About the company:  Newell Rubbermaid Inc. manufactures and markets branded consumer products which are sold through a variety of retail and wholesale distribution channels.  The Company’s products include housewares, juvenile products, home furnishings, office products, tools and hardware, and hair accessories. Competitors to Watch: Jarden Corporation (NYSE:JAH), The Female Health Company (NASDAQ:FHCO), WES Consulting Inc (LUVU), The Procter & Gamble Co. (NYSE:PG), Fortune Brands, Inc. (NYSE:FO), Carlisle Companies, Inc. (NYSE:CSL), Katy Industries, Inc. (KATY), The Clorox Company (NYSE:CLX), and Condomi AG (NYSE:CAG).

(Note: Ratings change data are sourced from here, and financial data are taken from Yahoo! Finance.  All data are assumed to be accurate.)

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