Oracle, Adobe Systems and These Stocks Downgraded by Analysts

Wall St. Watchdog reveals information about companies for which stock analysts downgraded the shares on August 12th:

  • Vocus (NASDAQ:VOCS): RBC Capital Mkts downgraded its rating on this stock from Outperform to Sector Perform and changed its price target from $33 to $25.  About the company: Vocus, Inc. provides web-based software for public relations automation.
  • Websense (NASDAQ:WBSN): Stifel Nicolaus downgraded its rating on this stock from Buy to Hold and changed its price targe to $28.  About the company: Websense, Inc. provides employee Internet management solutions. The Company’s solutions enable businesses to monitor, report, and manage how their employees use the Internet. Websense’s enterprise solution gives business managers the ability to implement Internet access policies for different users and groups within their businesses.
  • Oracle (NASDAQ:ORCL): RBC Capital Mkts downgraded its rating on this stock from Outperform to Sector Perform and changed its price target from $36 to $30.  About the company:  Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle’s software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.
  • Niska Gas Storage (NYSE:NKA): RBC Capital Mkts downgraded its rating on this stock from Outperform to Sector Perform and changed its price target from $23 to $16.  About the company: Niska Gas Storage Partners LLC is an independent owner and operator of natural gas storage assets in North America. The Company stores natural gas for a broad range of customers, including financial institutions, marketers, pipelines, power generators, utilities and producers of natural gas.
  • Concur Tech (NASDAQ:CNQR): RBC Capital Mkts downgraded its rating on this stock from Outperform to Underperform and changed its price target from $54 to $30.  About the company: Concur Technologies, Inc. provides workplace eCommerce software and services that extend automation to employees, partners, vendors, and service providers. The Company’s Concur eWorkplace product integrates its suite of workplace eCommerce solutions and provides a portal through which employees can access eCommerce information and services.
  • Adobe Systems (NASDAQ:ADBE): RBC Capital Mkts downgraded its rating on this stock from Sector Perform to Underperform and changed its price target from $32 to $22.  About the company:  Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company’s products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information.
  • China North East Petroleum (AMEX:NEP): FBR Capital downgraded its rating on this stock from Outperform to Mkt Perform.  No price target was given.  About the company: China North East Petroleum Holdings Ltd. is an independent oil company. The Company produces crude oil and performs oil exploration in Northern China.
  • DeVry (NYSE:DV): Robert W. Baird downgraded its rating on this stock from Outperform to Neutral and changed its price target from $71 to $53.  About the company: DeVry, Inc. owns and manages higher education systems throughout North America. The Institutions offers various degrees in a wide range of disciplines, including associate, bachelor’s and master’s degree programs in technology; healthcare technology; business and management, as well as online secondary education to school districts and medical education.
  • Enersys (NYSE:ENS): Ardour Capital downgraded its rating on this stock from Buy to Accumulate and changed its price target from $42 to $28.  About the company: EnerSys manufactures, markets, and distributes industrial batteries. The Company also manufactures, markets, and distributes related products such as chargers, power equipment, and battery accessories. EnerSys provides related after-market and customer-support services for lead-acid industrial batteries.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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