Equity Upgrades and Downgrades October 12th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 12th.

Upgrades

  • W&T Offshore (NYSE:WTI): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy. About the company: W&T Offshore, Inc. is an independent oil and natural gas company focused primarily on the Gulf of Mexico area in the United States.
  • Carbo Ceramics (NYSE:CRR): Morgan Keegan upgraded its rating on this company from Mkt Perform to Outperform and changed its price target from $160 to $142. About the company: CARBO Ceramics Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting, and industrial mineral grinding. Carbo has manufacturing plants located worldwide.
  • Badger Meter (NYSE:BMI): Northland Securities upgraded its rating on this company from Market Perform to Outperform and changed its price target from $41 to $39. About the company: Badger Meter, Inc. manufactures and markets flow measurement and control products. The Company’s products are used to measure and control the flow of liquids and gases in a variety of applications. Badger’s products include water meters and associated systems, wastewater meters, industrial process meters, automotive fluid meters, small valves, and natural gas instruments.
  • Healthspring (NYSE:HS): Oppenheimer upgraded its rating on this company from Perform to Outperform and changed its price target from $43 to $45. About the company: Healthspring, Inc. is a health maintenance organization. The Company serves Medicare recipients with a comprehensive network of hospitals and physicians.
  • Humana (NYSE:HUM): Oppenheimer upgraded its rating on this company from Perform to Outperform and changed its price target from $83 to $87. About the company: Humana Inc. is a managed health care company with medical members located in the United States and Puerto Rico. The Company offers coordinated health care through health maintenance organizations, preferred provider organizations, point-of-service plans, and administrative services products. Humana offers its products to employer groups, government-sponsored plans, and individuals.
  • Energy Transfer (NYSE:ETP): Morgan Keegan upgraded its rating on this company from Mkt Perform to Outperform and changed its price target from $49 to $47.75. About the company: Energy Transfer Partners, L.P. owns and operates a diversified portfolio of energy assets. The Company’s operations include natural gas gathering and transportation pipelines, with natural gas treating and processing assets located in Texas, Oklahoma, and Louisiana. Energy Transfer markets propane from retail locations in various states across the United States.
  • Boardwalk Pipeline (NYSE:BWP): Morgan Keegan upgraded its rating on this company from Mkt Perform to Outperform and changed its price target from $30 to $29. About the company: Boardwalk Pipeline Partners, LP transports, gathers, and stores natural gas. The Company owns and operates interstate pipeline systems that either serve customers directly or indirectly throughout the northeastern and southeastern United States.

Downgrades

  • Venoco (NYSE:VQ): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate. About the company: Venoco Inc. is an onshore and offshore oil and gas exploration and production company.
  • TransAtlantic Petroleum (AMEX:TAT): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate. About the company: TransAtlantic Petroleum Ltd. explores for and produces crude oil and natural gas. The Company holds interests in developed and undeveloped oil and gas properties in Turkey, Morocco, Romania, and the United States.
  • Quicksilver Resrcs (NYSE:KWK): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate. About the company: Quicksilver Resources Inc. is involved in the acquisition, development, exploration, production, and sale of natural gas and crude oil. The Company also conducts operations in the gathering, processing, and transmission of natural gas. Quicksilver owns properties in Michigan, Wyoming, and Montana in the United States, and in Canada.
  • Goodrich Petroleum (NYSE:GDP): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate. About the company: Goodrich Petroleum Corporation and its subsidiaries explore, develop, produce, and acquire oil and natural gas properties. The Company’s properties are located in the onshore portions of the United States, primarily in Louisiana and Texas.
  • Carrizo Oil & Gas (NASDAQ:CRZO): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate. About the company: Carrizo Oil & Gas, Inc. explores for and produces natural gas and crude oil. The Company develops and exploits onshore properties along the Texas and Louisiana Gulf Coast regions.
  • Comstock (NYSE:CRK): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate. About the company: Comstock Resources, Inc., an independent exploration and production company, acquires, develops, produces, and explores oil and natural gas properties. The Company’s oil and natural gas reserves are located in the Gulf of Mexico, Texas, and Louisiana.
  • C.H. Robinson (NASDAQ:CHRW): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: C.H. Robinson Worldwide, Inc. provides multimodal transportation services and logistics solutions. The Company operates a network of offices in North America, Europe, Asia, South America, and the Middle East. C.H. Robinson provides a variety of logistics services, such as fresh produce sourcing and freight consolidation.
  • Kaydon (NYSE:KDN): BB&T Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Kaydon Corporation designs, manufactures, and sells custom-engineered products for a variety of industries, including aerospace, defense, and industrial. The Company’s products include antifriction bearings, bearing systems and components, filters and filter housings, specialty retaining rings, and shaft seals.
  • Dresser-Rand (NYSE:DRC): Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform. About the company: Dresser-Rand Group, Inc. manufactures equipment for the oil and natural gas industries. The Company manufactures oil and gas production, high-pressure field injection, pipeline, refinery, natural gas processing, and petrochemical production equipment.
  • Power-One (NASDAQ:PWER): Northland Securities downgraded its rating on this company from Outperform to Market Perform and changed its price target from $9 to $6.5. About the company: Power-One, Inc. designs and manufactures power conversion products primarily for the communications infrastructure market. The Company sells its products to customers in the communications, automatic test equipment, medical equipment, industrial, transportation, and other electronic equipment industries.
  • First Solar (NASDAQ:FSLR): Ticonderoga downgraded its rating on this company from Neutral to Sell and changed its price target to $40. About the company: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.
  • Rackspace (NYSE:RAX): The Benchmark Company downgraded its rating on this company from Buy to Hold and changed its price target from $50 to $42. About the company: Rackspace Hosting, Inc. delivers websites, web-based IT systems, and provides related services.
  • Lloyds Banking (NYSE:LYG): Canaccord Genuity downgraded its rating on this company from Buy to Hold. About the company: Lloyds Banking Group plc, through subsidiaries and associated companies, offers a range of banking and financial services. The Company provides retail banking, mortgages, pensions, asset management, insurance services, corporate banking, and treasury services.

(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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