Bank Analysts Upgrade Cisco Systems and These Shares August 11th

Wall St. Watchdog reveals information about companies for which stock analysts have upgraded shares on August 11th:

  • Cinemark (NYSE:CNK): Caris & Company upgraded its rating on this stock from Average to Above Average.  No price target was given.  About the company: Cinemark Holdings, Inc. operates movie theaters. The Company operates in the United States and Latin America.
  • Wesco (NYSE:WCC): KeyBanc Capital Mkts upgraded its rating on this stock from Hold to Buy and changed its price target to $48.  About the company: WESCO International, Inc. distributed electrical products and other industrial maintenance, repair, and operating supplies.  The Company also provides integrated supply services.  WESCO operates branches and distribution centers in the United States, Canada, Puerto Rico, Guam, Mexico, the United Kingdom, and Singapore, which serve customers worldwide.
  • Exide Tech (NASDAQ:XIDE): Wedbush upgraded its rating on this stock from Underperform to Neutral and changed its price target from $7 to $6.  About the company:  Exide Technologies produces and recycles lead-acid batteries.  The Company’s global transportation and industrial energy groups provide a range of stored electrical energy products and services for industrial and transportation applications.
  • Realty Income (NYSE:O): RBC Capital Mkts upgraded its rating on this company from Sector Perform to Top Pick and changed its price target to $36.  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.
  • NYSE Euronext (NYSE:NYX): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $35.  About the company: NYSE Euronext operates an international stock exchange. The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States.
  • Mercury General (NYSE:MCY): Stifel Nicolaus upgraded its rating on this company from Sell to Hold.  No price target was given.  About the company:  Mercury General Corporation is a specialty writer of all risk classifications of automobile insurance. The Company is an agency writer of private passenger automobile insurance in California. Mercury operates primarily in California with operations in several other states.
  • Forward Air (NASDAQ:FWRD): Stifel Nicolaus upgraded its rating on this stock from Hold to Buy and changed its price target to $35.  About the company: Forward Air Corporation provides transportation services to air freight forwarders, air cargo carriers, and domestic and international airlines. The Company also operates a truckload business that is an irregular route, high service-level carrier that transports a wide range of commodities in both interstate and intrastate commerce.
  • Cisco Systems (NASDAQ:CSCO): Stifel Nicolaus upgraded its rating on this stock from Hold to Buy and changed its price target to $17.  About the company: Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.
  • CB&I (NYSE:CBI): Stifel Nicolaus upgraded its rating on this stock from Hold to Buy and changed its price target to $42.  About the company: Chicago Bridge & Iron Company N.V. engineers and designs, fabricates, erects, and repairs steel plate structures and their associated systems. The Company builds and repairs bulk liquid terminals, storage tanks, process vessels, and low temperature and cryogenic storage facilities.
  • Brigham Exploration (NASDAQ:BEXP): Stifel Nicolaus upgraded its rating on this stock from Hold to Buy and changed its price target to $35.  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.
  • Epocrates (EPOC): Morgan Keegan upgraded its rating on this stock from Mkt Perform to Outperform and changed its price target to $18.  About the company: Epocrates, Inc. provides mobile drug reference tools to healthcare professionals and interactive services to the healthcare industry in the United States.
  • Ross Stores (NASDAQ:ROST): Ticonderoga upgraded its rating on these shares from Neutral to Buy and changed its price target to $85.  About the company: Ross Stores, Inc. operates a national chain of off-price retail apparel stores.  The stores offer brand-name apparel, apparel-related merchandise for the entire family, fragrances, gift items, and linens for the home.
  • Chevron (NYSE:CVX): Oppenheimer upgraded its rating on these shares from Perform to Outperform and changed its price target to $110.  About the company:  Chevron Corporation is an integrated energy company with operations in countries located around the world.  The Company produces and transports crude oil and natural gas.  Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
  • Cisco Systems (NASDAQ:CSCO): Wunderlich upgraded its rating on these shares from Hold to Buy and changed its price target to $20.  About the company: Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.
  • Qlik Tech (NASDAQ:QLIK): Robert W. Baird upgraded its rating on these shares from Neutral to Outperform and changed its price target to $33.  About the company: QLIK Technologies Inc. develops business intelligence solutions. The Company’s software platform combines enterprise-class analytics and search functionality into a single platform.

(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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