Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 20th.
- Apollo Group (NASDAQ:APOL): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target to $63. About the company: Apollo Group, Inc. provides higher education programs for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.
- Amylin Pharma (NASDAQ:AMLN): Summer Street Research upgraded its rating on this company from Neutral to Buy and changed its price target to $17. About the company: Amylin Pharmaceuticals, Inc. is a biopharmaceutical company that discovers, develops, and commercializes medicines for diabetes and obesity. The Company’s marketed products include treatments for adults with type 1 and type 2 diabetes.
- Tractor Supply (NASDAQ:TSCO): Feltl & Co. upgraded its rating on this company from Hold to Buy and changed its price target from $67.95 to $76.5. About the company: Tractor Supply Company operates a retail farm store chain in the United States. The Company provides farm maintenance products, animal products, general maintenance products, lawn and garden products, light truck equipment, work clothing, and other products. Customers include hobby, part-time, and full-time farmers and ranchers, as well as rural customers, contractors, and tradesman.
- Somerset Hills Bancorp (NASDAQ:SOMH): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $9. About the company: Somerset Hills Bancorp is the holding company for Somerset Hills Bank, a commercial bank with offices in Bernardsville, Mendham and Morristown, all located in New Jersey. The Bank operates a licensed mortgage company subsidiary, Sullivan Financial Services, Inc., and also operates Somerset Hills Wealth Management, LLC.
- PNC (NYSE:PNC): Compass Point downgraded its rating on this company from Buy to Neutral and changed its price target from $82.5 to $55. About the company: PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company’s primary regional markets.
- Knoll (NYSE:KNL): Longbow downgraded its rating on this company from Buy to Neutral. About the company: Knoll, Inc. designs and manufactures branded office furniture products and textiles. The Company primarily sells its products in North America through a direct sales force and a network of independent dealers. Knoll offers a variety of office furniture, including modular workspaces with integrated panels, work surfaces, storage and lighting, seating, desks and casegoods, and tables.
- Forward Air (NASDAQ:FWRD): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. 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.
- Polycom (NASDAQ:PLCM): Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform. About the company: Polycom, Inc. develops, manufactures, and markets a line of video, voice, data and web conferencing collaboration solutions. The solutions include enterprise video and voice communications end-points, network infrastructure, management products, product maintenance and other professional services.
- Western Digital (NYSE:WDC): Needham downgraded its rating on this company from Strong Buy to Buy and changed its price target from $45 to $28. About the company: Western Digital Corporation designs and manufactures hard drives for desktop computers and home entertainment applications.
- Diodes (NASDAQ:DIOD): Sterne Agee downgraded its rating on this company from Neutral to Underperform and changed its price target to $15. About the company: Diodes Incorporated manufactures, sells, and distributes discrete semiconductor devices to manufacturers in the automotive, computer, and telecommunications industries. The Company’s products include small signal transistors, transient voltage suppressors, zeners, Schottkys, diodes, rectifiers, and bridges.
- Celestica (NYSE:CLS): Ticonderoga downgraded its rating on this company from Buy to Neutral. About the company: Celestica Inc. designs and manufactures electronic components. The Company’s products and services include design, prototyping, printed circuit assembly, full system assembly, power converters, memory packages and repair services. Celestica markets its products and services to original equipment manufacturers, primarily in the computer and communications sector.
- Cohu (NASDAQ:COHU): Needham downgraded its rating on this company from Buy to Hold. About the company: Cohu, Inc. designs, manufactures, and sells semiconductor test handling equipment to semiconductor manufacturers throughout the world. The Company also manufactures closed circuit television, metal detection, and microwave equipment.
- Core Labs (NYSE:CLB): FBR Capital downgraded its rating on this company from Outperform to Mkt Perform and changed its price target to $115. About the company: Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir management services. The Company’s customers include major, national, and independent oil and gas producers. Core also manufactures and sells petroleum reservoir rock and fluid analysis instrumentation and other integrated systems.
(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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