Equity Upgrades and Downgrades October 18th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 18th.

Upgrades

  • Crocs (NASDAQ:CROX): Standpoint Research upgraded its rating on this company from Hold to Buy and changed its price target to $21. About the company: Crocs, Inc. designs and manufactures shoes. The Company produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures men’s, women’s, and children’s shoes and markets them to retail chains.
  • Halozyme Therapeutics (NASDAQ:HALO): JMP Securities upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $9. About the company: Halozyme Therapeutics, Inc. develops and commercializes recombinant human enzymes for the infertility, ophthalmology, and oncology communities. The Company’s product portfolio is based on intellectual property covering the family of human enzymes known as hyaluronidases. Halozyme’s products offer an alternative to slaughterhouse-derived extracts that carry contamination risks.
  • Regions Fincl (NYSE:RF): Compass Point upgraded its rating on this company from Sell to Neutral and changed its price target from $5 to $4.6. About the company: Regions Financial Corporation is a regional multi-bank holding company. The Company provides mortgage banking, credit life insurance, leasing, commercial accounts receivable factoring, specialty mortgage financing, and securities brokerage services. Regions provides banking services throughout the South, Midwest, and Eastern United States.
  • DaVita (NYSE:DVA): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $90 to $78. About the company: DaVita, Inc. provides dialysis services in the United States for patients suffering from chronic kidney failure. The Company treats patients through a network of owned and managed dialysis facilities in the continental United States.
  • PepsiCo (NYSE:PEP): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $72. About the company: PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufacture or uses contract manufacturers, market and sell a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

Downgrades

  • Crocs (NASDAQ:CROX): DA Davidson downgraded its rating on this company from Buy to Neutral and changed its price target from $40 to $25. About the company: Crocs, Inc. designs and manufactures shoes. The Company produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures men’s, women’s, and children’s shoes and markets them to retail chains.
  • Plum Creek (NYSE:PCL): BMO Capital Markets downgraded its rating on this company from Outperform to Market Perform and changed its price target from $42 to $38. About the company: Plum Creek Timber Company, Inc. grows, harvests, and markets timber and logs, and manufactures forest products such as lumber and plywood. The Company owns timberlands located in the United States. Plum Creek also owns natural resource businesses that focus on mineral extraction and natural gas production
  • Mercer Intl (NASDAQ:MERC): BMO Capital Markets downgraded its rating on this company from Outperform to Market Perform and changed its price target from $10.5 to $8. About the company: Mercer International Inc. owns and operates market pulp and paper businesses in the southern German states of Saxony and Thuringia. The Company produces softwood kraft pulp, specialty papers, and printing and writing papers.
  • El Paso (NYSE:EP): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform. Argus downgraded its rating on this company from Buy to Hold. About the company: El Paso Corporation operates natural gas pipeline and storage facilities, transports natural gas, and imports liquefied natural gas. El Paso also explores for and produces natural gas. The Company has operations in the United States, Brazil, and Egypt.
  • STR Holdings (NYSE:STRI): Feltl & Co. downgraded its rating on this company from Buy to Hold and changed its price target from $12 to $8. About the company: STR Holdings Inc. manufactures solar power modules encapsulants. Encapsulants are extruded sheets and film which hold the solar module together and protect the semiconductor circuit of a solar panel. The Company also offers inspection, testing and audit services to assure that consumer products meet safety, regulatory, quality, and performance and social standards.
  • Brigham Exploration (NASDAQ:BEXP): Northland Securities downgraded its rating on this company from Outperform to Market Perform and changed its price target from $42 to $36.5. 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.
  • Progressive (NYSE:PGR): Argus downgraded its rating on this company from Buy to Hold. About the company: The Progressive Corporation is an insurance holding company. The Company, through its subsidiaries, provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the United States.
  • El Paso Pipeline Partners (NYSE:EPB): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $42 to $37. Morgan Keegan downgraded its rating on this company from Outperform to Mkt Perform and changed its price target from $40.5 to $36. About the company: El Paso Pipeline Partners, LP. owns and operates natural gas transportation pipelines, storage and other midstream assets.

(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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