Share Upgrades and Downgrades October 10th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 10th.

Upgrades

  • ITC Holdings (NYSE:ITC): DA Davidson upgraded its rating on this company from Neutral to Buy. About the company: ITC Holdings Corporation is a holding company. Through subsidiaries, the Company transmits electricity from electricity generating stations to local electricity distribution facilities. ITC invests in electricity transmission infrastructure improvements as a means to improve electricity reliability and reduce congestion.
  • Potash (NYSE:POT): Ticonderoga upgraded its rating on this company from Neutral to Buy and changed its price target to $62. About the company: Potash Corporation of Saskatchewan Inc. produces potash, phosphate, and nitrogen to the agricultural and industrial industries worldwide. The Company conducts operations in Canada, Chile, the United States, Brazil, and Trinidad.

Downgrades

  • Quest Diagnostics (NYSE:DGX): Maxim Group downgraded its rating on this company from Buy to Hold. About the company: Quest Diagnostics Incorporated provides diagnostic testing, information, and services. The Company operates a national network of full-service laboratories, rapid response laboratories, and patient service centers. Quest Diagnostics provides esoteric testing, routine medical testing, drugs of abuse testing, and non-hospital-based anatomicpathology testing.
  • Sprint Nextel (NYSE:S): Kaufman Bros downgraded its rating on this company from Buy to Hold and changed its price target from $6 to $2.5. Collins Stewart downgraded its rating on this company from Buy to Neutral and changed its price target from $5 to $3. About the company: Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone.
  • SuccessFactors (NASDAQ:SFSF): BMO Capital Markets downgraded its rating on this company from Outperform to Market Perform and changed its price target from $35 to $26. About the company: SuccessFactors, Inc. provides on-demand performance and employee software solutions to help organizations optimize their performance.
  • Wintrust Fin (NASDAQ:WTFC): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $37 to $30. About the company: Wintrust Financial Corporation is a multi-bank holding company providing community-based banking services in various suburbs of Chicago, Illinois. The Banks provide a variety of commercial and personal financial services to individuals, businesses, local governmental units, and institutions. Wintrust also has a financing services subsidiary and a trust subsidiary.
  • MB Financial (NASDAQ:MBFI): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $24 to $17. About the company: MB Financial, Inc. is the holding company for MB Financial Bank, N.A., a commercial bank serving middle market businesses and individuals. The Bank offers a range of products and services through branches located in Illinois.
  • IberiaBank (NASDAQ:IBKC): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $58 to $50. About the company: IBERIABANK Corporation is the holding company for IBERIABANK, a commercial bank conducting business from a network of offices located throughout Louisiana. The Bank attracts deposits from the general public and uses those funds to originate consumer and commercial loans. IBERIABANK also offers discount brokerage services through a wholly owned subsidiary.
  • First Midwest Banc (NASDAQ:FMBI): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $12 to $9. About the company: First Midwest Bancorp, Inc. is the holding company for First Midwest Bank. The Bank provides a full range of both business and retail banking and trust and investment management services through offices primarily located in northeastern Illinois.
  • First Financial (NASDAQ:FFBC): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $18 to $15. About the company: First Financial Bancorp. is a financial holding company. The subsidiaries provide commercial lending, real estate lending, consumer credit, credit card, and other personal loan financing. First Financial operates through a network of offices in western Ohio, Indiana, southern Michigan, and northern Kentucky.
  • Cardinal Financial (NASDAQ:CFNL): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $12 to $10. About the company: Cardinal Financial Corporation is a multi-bank holding company. The Banks offer a variety of banking products to individuals, professionals, and small to medium-sized businesses in northern Virginia. The Company also operates Cardinal Wealth Services, Inc., an investment advisory company. Cardinal Bank operates in Fairfax County, Virginia.
  • Bank of Hawaii (NYSE:BOH): Robert W. Baird downgraded its rating on this company from Neutral to Underperform and changed its price target from $40 to $30. About the company: Bank of Hawaii Corporation is a regional financial services holding company with locations throughout the Pacific. The Company and its subsidiaries provide a wide range of financial services to businesses, governments, and individuals in Hawaii, the West Pacific, and American Samoa. Bank of Hawaii provides services such as commercial banking, investment and trust services, and mortgages.
  • Bank of Kentucky (NASDAQ:BKYF): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $28 to $24. About the company: The Bank of Kentucky Financial Corporation is a holding company for The Bank of Kentucky, Inc. The Bank conducts basic banking operations from locations in Boone and Kenton counties in northern Kentucky, including accepting deposits and originating various loans.
  • Accenture (NYSE:ACN): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target from $64 to $62. About the company: Accenture PLC provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture’s network of businesses provides consulting, technology, outsourcing, and alliances.

(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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