Equity Upgrades and Downgrades Nov 8th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on November 8th.

Upgrades

  • Cutera (NASDAQ:CUTR): Maxim Group upgraded its rating on this company from Hold to Buy and changed its price target to $9. About the company: Cutera, Inc. develops and manufactures aesthetic laser systems. The Company markets the CoolGlide family of products for removal of unwanted hair and treatment of vascular lesions. Cutera markets the systems to dermatologists, plastic surgeons, and other practitioners worldwide. Get the most recent company news and stock data here >>
  • Kilroy Realty (NYSE:KRC): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $41. About the company: Kilroy Realty Corporation is a real estate investment trust engaged in the ownership, acquisition, development and operation of office and industrial properties located in California and Washington. Get the most recent company news and stock data here >>
  • CBL & Assoc (NYSE:CBL): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $18. About the company: CBL & Associates Properties, Inc. is a self managed, self administered real estate investment trust. The Company owns regional shopping malls and community shopping centers in the United States. Get the most recent company news and stock data here >>
  • Rackspace (NYSE:RAX): Kaufman Bros upgraded its rating on this company from Hold to Buy and changed its price target from $38 to $49. About the company: Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services. Get the most recent company news and stock data here >>
  • RAM Energy Resources (RAM): Rodman & Renshaw upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $1.5. Get the most recent company news and stock data here >>

Downgrades

  • Red Hat (NYSE:RHT): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $50 to $54. About the company: Red Hat, Inc. develops and provides open source software and services, including the Red Hat Linux operating system. The Company’s Web site offers information and news about open source software and provides an online community of open source software users and developers. Get the most recent company news and stock data here >>
  • Progress Software (NASDAQ:PRGS): Longbow downgraded its rating on this company from Buy to Neutral. About the company: Progress Software Corporation develops, markets, and distributes application development, deployment, and integration software to business, industry, and government worldwide. The Company’s products include databases, application servers, messaging servers, and development tools for Internet/Web, extranet, and intranet applications as well as for client/server and host applications. Get the most recent company news and stock data here >>
  • Cimarex (NYSE:XEC): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target from $110 to $95. About the company: Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas. Get the most recent company news and stock data here >>
  • LSB Industries (NYSE:LXU): Northland Securities downgraded its rating on this company from Outperform to Market Perform and changed its price target from $43 to $40. About the company: LSB Industries, Inc., through its subsidiaries, manufactures and sells chemical products for the mining, agricultural, and industrial markets. The Company also manufactures and sells commercial and residential climate control products, as well as provides specialized engineering services and other activities. Get the most recent company news and stock data here >>
  • Brookfield Properties (NYSE:BPO): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: Brookfield Properties Corporation owns, develops, and manages North American office properties. The Company’s portfolio comprises various commercial properties and development sites, including the World Financial Center in New York. Get the most recent company news and stock data here >>
  • Exar (NASDAQ:EXAR): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $7.5 to $6.5. About the company: Exar Corporation designs, develops, and markets analog and mixed-signal integrated circuits for use in communications and video and imaging products. The Company also produces digital integrated circuits in communications products, as well as general purpose analog integrated circuits. Get the most recent company news and stock data here >>
  • OmniVision (NASDAQ:OVTI): Oppenheimer downgraded its rating on this company from Outperform to Perform. About the company: OmniVision Technologies, Inc. provides integrated single chip semiconductor imaging devices. The Company designs, develops, and markets semiconductor imaging devices for computing, communications, and consumer electronics applications. OmniVision’s image sensor product is used in cameras and camera related products such as personal computer, digital, and security cameras. Get the most recent company news and stock data here >>
  • Vertex Pharm (NASDAQ:VRTX): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $62 to $33. About the company: Vertex Pharmaceuticals Incorporated discovers, develops, and commercializes novel, small molecule pharmaceuticals for the treatment of diseases for which there are currently limited or no effective treatments. The Company is developing drugs for the treatment of viral diseases, multidrug resistance in cancer, inflammatory and autoimmune diseases, and neurodegenerative diseases. Get the most recent company news and stock data here >>
  • American Science & Engineering (NASDAQ:ASEI): The Benchmark Company downgraded its rating on this company from Hold to Sell and changed its price target to $58. About the company: American Science and Engineering, Inc. provides X-ray detection and imaging products used for the detection of illegal drugs, terrorist explosives, and smuggled goods. The Company’s equipment, purchased by government and commercial clients, utilizes transmission and backscatter X-ray detection to provide differentiation of bombs, drugs, and contraband in camouflaged environments. Get the most recent company news and stock data here >>

(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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