Bank Analysts These Upgrade Stock Ratings as Dow Drops Over 400 Points Today

Wall St. Watchdog reveals information about companies which were upgraded by stock analysts on August 10th:

  • Pfizer (NYSE:PFE): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $21.  About the company: Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals. The Company’s products include prescription pharmaceuticals, non-prescription self-medications, and animal health products such as anti-infective medicines and vaccines.
  • Ensco (NYSE:ESV): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target to $62.  About the company: Ensco PLC is an international offshore contract drilling company. The Company’s operations are concentrated in the geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America.
  • Comerica (NYSE:CMA): Compass Point upgraded its rating on this company from Neutral to Buy and changed its price target to $37.  About the company: Comerica Incorporated is the holding company for business, individual, and investment banks with operations in the United States, Canada, and Mexico. The Company’s subsidiaries provide services such as corporate banking, international finance, treasury management, community banking, private banking, small business and individual lending, investment services, and institutional trust.
  • Brigham Exploration (NASDAQ:BEXP): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target to $41.  About the company: Brigham Exploration Company, an independent exploration and production company, applies 3-D seismic imaging and other technologies to explore and develop onshore domestic natural gas and oil resources. The Company’s exploration activities are concentrated primarily in the Anadarko Basin, the Gulf Coast, the Williston Basin, and the west Texas region of the United States.
  • Southwestern Energy (NYSE:SWN): Global Hunter Securities upgraded its rating on this company from Reduce to Neutral and changed its price target to $39.  About the company: Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States. The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.
  • Northern Oil & Gas (AMEX:NOG): Global Hunter Securities upgraded its rating on this company from  Neutral to Accumulate and changed its price target to $24.  About the company: Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company is currently focused on the Rocky Mountain regions of the United States.
  • Eli Lilly (NYSE:LLY): Argus upgraded its rating on this company from Hold to Buy.  No price target was given.  About the company: Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products for humans and animals. The Company’s products are sold in countries around the world. Eli Lilly’s products include neuroscience products, endocrine products, anti-infectives, cardiovascular agents, oncology products, and animal health products.
  • Cree (NASDAQ:CREE): Canaccord Genuity upgraded its rating on this company from Hold to Buy and changed its price target to $39.  About the company: Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research.
  • Lorillard (NYSE:LO): Davenport upgraded its rating on this company from Neutral to Buy and changed its price target to $120.  About the company: Lorillard, Inc. manufactures and sells cigarettes. The Company produces cigarettes for both the premium and discount segments of the domestic cigarette market for sale to distributors and retailers in the United States.
  • Altria (NYSE:MO): Davenport upgraded its rating on this company from Neutral to Buy and changed its price target to $31.  About the company: Altria Group, Inc. is a holding company. The Company, through subsidiaries, manufactures and sells cigarettes and other tobacco products, including cigars and pipe tobacco. Altria holds an interest in a brewery company.
  • Oasis Petroleum (NYSE:OAS): Morgan Keegan upgraded its rating on this company from Mkt Perform to Outperform and changed its price target to $34.  About the company: Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
  • Synnex (NYSE:SNX): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $32.  About the company: SYNNEX Corporation provides information technology supply chain services. The Company offers services to original equipment manufacturers and software publishers worldwide. SYNNEX offers product distribution, related logistics services, and contract assembly.
  • Ralcorp Holdings (RAH): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $84.  About the company: Ralcorp Holdings, Inc. produces a variety of store brand foods that are sold under the individual labels of various grocery, mass merchandise, and drug store retailers. The Company’s products include cereals, crackers and cookies, snack nuts, chocolate candy, salad dressings, mayonnaise, peanut butter, jams, syrups, and sauces. Ralcorp also holds a partial interest in Vail Resorts, Inc.
  • Newmont Mining (NYSE:NEM): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $76.  About the company: Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.
  • Continental Resources (NYSE:CLR): Morgan Keegan upgraded its rating on this stock from Mkt Perform to Outperform and changed its price target to $73.  About the company: Continental Resources, Inc. and its subsidiaries explore, exploit, develop, and acquire oil and gas reserves, primarily in the Rocky Mountains and the MidContinent, as well as in the Gulf Coast region of Texas and Louisiana. The Company also owns and operates natural gas pipelines, gathering systems, and processing plants.
  • Realty Income (NYSE:O): FBR Capital upgraded its rating on this company from Mkt Perform to Outperform and changed its price target from $34 to $35.5.  About the company: Realty Income Corporation owns and manages a portfolio of commercial properties located across the United States. The Company focuses on acquiring single-tenant retail locations, leased to regional and national chains, and under long-term net lease agreements.
  • Fossil (NASDAQ:FOSL): The Benchmark Company upgraded its rating on this stock from Hold to Buy and changed its price target to $100.  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.
  • Brigham Exploration (NASDAQ:BEXP): FBR Capital upgraded its rating on this stock from Mkt Perform to Outperform and changed its price target to $40.  About the company: Brigham Exploration Company, an independent exploration and production company, applies 3-D seismic imaging and other technologies to explore and develop onshore domestic natural gas and oil resources. The Company’s exploration activities are concentrated primarily in the Anadarko Basin, the Gulf Coast, the Williston Basin, and the west Texas region of the United States.
  • TriQuint Semi (NASDAQ:TQNT): Needham upgraded its rating on this stock from Hold to Buy and changed its price target to $10.  About the company: TriQuint Semiconductor, Inc. designs, develops, manufactures, and markets a variety of high performance analog and mixed signal integrated circuits for the communications markets. The Company utilizes its proprietary gallium arsenide technology to enable its products to overcome the performance barriers of silicon devices in various applications. TriQuint’s products are sold worldwide.
  • Spreadtrum Comms (NASDAQ:SPRD): Needham upgraded its rating on this stock from Buy to Strong Buy.  No price target was given.  About the company: Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the wireless communications market.
  • RF Micro Device (NASDAQ:RFMD): Needham upgraded its rating on this stock from Hold to Buy and changed its price target to $7.  About the company: RF Micro Devices, Inc. designs, develops, and markets proprietary radio frequency integrated circuits. The Company’s products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, wireless local loop, industrial radios, wireless security and remote meter reading.
  • MaxLinear (NYSE:MXL): Needham upgraded its rating on this stock from Buy to Strong Buy and changed its price target to $11.  About the company: MaxLinear, Inc. provides integrated, radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications. The Company’s products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, and netbooks.
  • Nordic American Tanker (NYSE:NAT): FBR Capital upgraded its rating on this stock from Mkt Perform to Outperform.  No price target was given.  About the company: Nordic American Tanker Shipping Limited is a shipping company that owns and charters Suezmax tankers for oil transportation. The Company’s ships are all active in the spot freight market.
  • Check Point Software (NASDAQ:CHKP): Macquarie upgraded its rating on this stock from Neutral to Outperform and changed its price target to $59.  About the company: Check Point Software Technologies Ltd. develops, markets and supports a range of software and hardware products and services for information technology security and offers its customers a network and gateway security solutions, data and endpoint security solutions and management solutions.
  • Mosaic (NYSE:MOS): Ticonderoga upgraded its rating on this stock from Neutral to Buy and changed its price target to $80.  About the company: The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company’s principal products include concentrated phosphates, and potash.
  • US Airways (NYSE:LCC): Ticonderoga upgraded its rating on this stock from Neutral to Buy and changed its price target to $9.  About the company: US Airways Group, Inc. is an air carrier that transports passengers, property, and mail. The Company provides regularly scheduled service at airports in the United States, Canada, Europe, the Caribbean, and Latin America.
  • EOG Resources (NYSE:EOG): Ticonderoga upgraded its rating on this stock from Neutral to Buy and changed its price target to $110.  About the company: EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.
  • VMware (NYSE:VMW): FBR Capital upgraded its rating on this stock from Mkt Perform to Outperform.  No price target was given.  About the company: VMware, Inc. provides virtualization solutions from the desktop to the data center. The Company’s solution products addresses a range of IT problems, which includes cost and operational inefficiencies, business continuity, software lifecycle management and desktop management.
  • Equity Res (NYSE:EQR): FBR Capital upgraded its rating on this stock from Underperform to Mkt Perform.  No price target was given.  About the company: Equity Residential is a real estate investment trust. The trust acquires, develops, and manages apartment complexes in the United States.
  • DCT Industrial Trust (NYSE:DCT): FBR Capital upgraded its rating on this stock from Underperform to Outperform.  No price target was given.  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.
  • ProLogis (NYSE:PLD): FBR Capital upgraded its rating on this stock from Mkt Perform to Outperform.  No price target was given.  About the company: ProLogis provides distribution facilities and services. The Company has distribution facilities owned, managed, and under development in various markets throughout North America, Europe, and Asia. ProLogis leases industrial space to manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs.
  • Regency Centers (REG): FBR Capital upgraded its rating on this stock from Mkt Perform to Outperform.  No price target was given.  About the company: Regency Centers Corporation is a self-administered and self-managed real estate investment trust that owns and operates grocery anchored neighborhood retail centers. The Company currently owns and operates properties in various states located throughout the United States.
  • Woodward Governor (WWD):Robert W. Baird upgraded its rating on this stock from Neutral to Outperform and changed its price target to $39.  About the company: Woodward, Inc., formerly Woodward Governor Company, is a designer, manufacturer and service provider of energy control and optimization solutions.
  • Itron (NASDAQ:ITRI): Robert W. Baird upgraded its rating on this company from Underperform to Neutral and changed its price target to $41.  About the company: Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data. The Company sells its products to the utility industry. Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.
  • Tortoise North American Energy (NYSE:TYN): Robert W. Baird upgraded its rating on this stock from Neutral to Outperform and changed its price target to $26.  About the company: Tortoise North American Energy Corporation is a non-diversified, closed-end management investment company. The Fund’s objective is to provide a high level of total return, with an emphasis on dividend income paid to shareholders. The Fund invests 80% of its assets in equity securities of companies in the energy sector with their primary operations in North America.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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