Equity Upgrades and Downgrades October 28th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 28th.

Upgrades

  • Crocs (NASDAQ:CROX): DA Davidson upgraded its rating on this company from Neutral to Buy and changed its price target from $25 to $22. 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.
  • Perrigo (NASDAQ:PRGO): Caris & Company upgraded its rating on this company from Above Average to Buy and changed its price target from $120 to $125. About the company: Perrigo Company manufactures store brand over-the-counter pharmaceutical products and also manufactures store brand nutritional products. The Company’s customers include major national and regional retail drug, supermarket, and mass merchandise chains such as Albertson’s, CVS, and Target, and major wholesalers such as Super Valu and McKesson.
  • Sonus Networks (NASDAQ:SONS): Miller Tabak upgraded its rating on this company from Hold to Buy and changed its price target from $2.55 to $3. About the company: Sonus Networks, Inc. provides voice infrastructure products. The Company’s hardware and software enables customers to deploy an integrated, packet-based network carrying both voice and data traffic. Sonus markets and sells its products to service providers, including long distance carriers, wholesale carriers, Internet service providers, and cable operators.
  • Clayton Williams (NASDAQ:CWEI): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target from $45 to $84. About the company: Clayton Williams Energy, Inc. and its subsidiaries explore for and produce oil and natural gas. The Company’s activities are primarily located in Texas, Louisiana, and other southern states.

Downgrades

  • NorthWestern (NYSE:NWE): DA Davidson downgraded its rating on this company from Buy to Neutral and changed its price target to $36. About the company: NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas in the Upper Midwest and Northwest serving customers in Montana, South Dakota, and Nebraska.
  • Power-One (NASDAQ:PWER): Dougherty & Company downgraded its rating on this company from Buy to Neutral and changed its price target from $6 to $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.
  • Simon Properties (NYSE:SPG): UBS downgraded its rating on this company from Buy to Neutral and changed its price target to $125. About the company: Simon Property Group, Inc. is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
  • First Solar (NASDAQ:FSLR): Ardour Capital downgraded its rating on this company from Buy to Hold and changed its price target from $150 to $55. 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.
  • Avon Products (NYSE:AVP): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $31 to $20. About the company: Avon Products, Inc. manufactures and direct sells beauty and related products. The Company markets its products to consumers worldwide through independent sales representatives. Avon’s product line includes beauty, fashion and home.
  • Teledyne Tech (NYSE:TDY): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Teledyne Technologies Incorporated provides electronic and communication products, for wireless and satellite systems, and communications equipment for aircraft. The Company also manufactures aviation and missile engines, on-site power generation systems, and provides systems engineering solutions and information technology for space, defense and industrial applications.
  • Clayton Williams (NASDAQ:CWEI): Global Hunter Securities downgraded its rating on this company from Buy to Accumulate and changed its price target from $73 to $77. About the company: Clayton Williams Energy, Inc. and its subsidiaries explore for and produce oil and natural gas. The Company’s activities are primarily located in Texas, Louisiana, and other southern states.
  • Avid Tech (NASDAQ:AVID): Brigantine downgraded its rating on this company from Buy to Hold and changed its price target from $12 to $8. About the company: Avid Technology, Inc. develops, markets, sells, and supports a variety of software and systems for creating and manipulating digital media content. The Company develops and sells digital editing systems and newsroom computer systems, as well as digital audio systems. Avid’s products are used worldwide in production and post-production film, video, and television facilities.
  • Berry Petroleum (NYSE:BRY): Global Hunter Securities downgraded its rating on this company from Buy to Neutral and changed its price target from $70 to $45. About the company: Berry Petroleum Company produces, explores for, and markets crude oil and natural gas. The Company’s principal reserves and producing properties are located in Kern, Los Angeles, and Ventura counties in California.
  • Patterson-UTI (NASDAQ:PTEN): Global Hunter Securities downgraded its rating on this company from Accumulate to Neutral and changed its price target from $28 to $24. About the company: Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.
  • Lumber Liquidators (NYSE:LL): Longbow downgraded its rating on this company from Buy to Neutral. About the company: Lumber Liquidators Holdings, Inc. retails hardwood flooring in the United States. The Company sells domestic and exotic wood species in both prefinished and unfinished forms.
  • Dexcom (NASDAQ:DXCM): Feltl & Co. downgraded its rating on this company from Buy to Hold. About the company: DexCom Inc. is a medical device company focused on the design and development of continuous glucose monitoring systems for people with diabetes. The Company has developed a small implantable device that continuously measures glucose levels in subcutaneous tissue just under the skin, and a small external receiver to which the sensor transmits glucose levels at specified intervals.
  • Cameron (NYSE:CAM): Howard Weil downgraded its rating on this company from Market Outperform to Market Perform and changed its price target from $68 to $56. About the company: Cameron International Corporation manufactures oil and gas pressure control equipment, including valves, wellheads, chokes, and assembled systems. The Company’s equipment is used for oil and gas drilling, production, and transmission in onshore, offshore, and subsea applications. Cameron also produces gas turbines, centrifugal gas and air compressors, and other products.
  • Valley National (NYSE:VLY): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: Valley National Bancorp is the holding company for Valley National Bank and The Merchants Bank of New York. The Banks provide personal and commercial banking products and services to individuals and businesses through branches located in northern New Jersey, and Manhattan, New York. Valley’s other subsidiaries include mortgage servicing and investment companies.
  • Iron Mountain (NYSE:IRM): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: Iron Mountain Incorporated provides records and information management services to customers in North America, Europe, Latin America and Asia Pacific. The Company offers records management services for both physical and digital media, disaster recovery support services, and consulting.
  • First Comm Banc (NASDAQ:FCBC): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: First Community Bancshares, Inc. is the holding company for First Community Bank, N.A. The Bank generates revenue primarily through commercial, real estate, and consumer lending within its respective market area. The Company also operates investment management and mortgage banking companies. First Community Bancshares operates in West Virginia, Virginia, and North Carolina.
  • Fossil (NASDAQ:FOSL): The Benchmark Company downgraded its rating on this company from Buy to Hold and changed its price target from $73 to $108. About the company: Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories. The Company’s products include an extensive line of men’s and women’s fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.

(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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