Equity Upgrades and Downgrades October 6th: ABX, WWW, PLCM, WES, BECN, AYI, WSO, TNK, DHT, OSG, FRO, GWW, FAST

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 6th:

Upgrades

  • Barrick Gold (NYSE:ABX): BMO Capital Markets upgraded its rating on this company from Market Perform to Outperform and changed its price target from $61.5 to $60. About the company: Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.
  • Wolverine (NYSE:WWW): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $44. About the company: Wolverine World Wide, Inc. manufactures and markets branded footwear and performance leathers. The Company’s products include shoes, slippers, occupational and safety footwear, and performance outdoor footwear, among others.
  • Polycom (NASDAQ:PLCM): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $28. 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 Gas Partners (NYSE:WES): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $37. About the company: Western Gas Partners LP owns, operates, acquires, and develops midstream energy assets. With midstream assets in East Texas, the Rocky Mountains, the Mid-Continent and West Texas, the partnership is in the business of gathering, compressing, treating and transporting natural gas.
  • Beacon Roofing Supply (NASDAQ:BECN): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $21. About the company: Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products, and waterproofing systems, for residential and non-residential building exteriors.
  • Acuity Brands (NYSE:AYI): KeyBanc Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $50. About the company: Acuity Brands, Inc. manufactures and sells lighting equipment and chemicals. The Company provides indoor and outdoor lighting equipment for commercial, industrial, outdoor, and residential applications. Acuity also provides a range of chemical products, including industrial and institutional maintenance and sanitation products, pest control products, and lawn and garden products.
  • Watsco (NYSE:WSO): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $69 to $68. About the company: Watsco, Inc. distributes air conditioning, heating, and refrigeration equipment, as well as related parts and supplies. The Company operates various locations in the United States, with primary markets in the Sunbelt.

Downgrades

  • Teekay Tankers (NYSE:TNK): Dahlman Rose downgraded its rating on this company from Buy to Hold. About the company: Teekay Tankers Ltd. owns and operates a fleet of crude oil tankers, primarily in the aframax sector.
  • DHT (NYSE:DHT): Dahlman Rose downgraded its rating on this company from Buy to Hold. About the company: DHT Holdings, Inc. owns double-hull tanker ships. The Company leases their ships to other companies on long-term charters.
  • Overseas Shipholding (NYSE:OSG): Dahlman Rose downgraded its rating on this company from Hold to Sell. About the company: Overseas Shipholding Group, Inc. maintains a fleet of marine transport vessels. The Company charters its ships to oil majors, traders and United States and international governmental agencies. OSG’s ships transport crude oil, refined petroleum products and gas.
  • Frontline (NYSE:FRO): Dahlman Rose downgraded its rating on this company from Hold to Sell. About the company: Frontline Limited owns a fleet of very large crude carriers and Suezmax tankers that transport crude oil and oil products between ports. The Company’s vessels are managed by ship management companies. Frontline conducts activities worldwide.
  • W.W. Grainger (NYSE:GWW): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $175 to $159. About the company: W.W. Grainger, Inc. distributes maintenance, repair and operating supplies, and related information to the commercial, industrial, contractor, and institutional markets in North America. The Company’s products include motors, HVAC equipment, lighting, hand and power tools, pumps, and electrical equipment.
  • Fastenal (NASDAQ:FAST): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $38 to $36. About the company: Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet