Share Upgrades and Downgrades October 17th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 17th.

Upgrades

  • Family Dollar (NYSE:FDO): Barclays Capital upgraded its rating on this company from Equal Weight to Overweight and changed its price target from $57 to $63. About the company: Family Dollar Stores, Inc. is a national discount store chain. The Company operates stores located throughout the United States that offer merchandise that includes consumables, home products, apparel and accessories, seasonal and electronics.

Downgrades

  • Interpublic (NYSE:IPG): Deutsche Bank downgraded its rating on this company from Buy to Hold and changed its price target from $11 to $9.5. About the company: The Interpublic Group of Companies, Inc. is an organization of advertising agencies and marketing service companies. The Company operates globally in the sectors of advertising, independent media buying, direct marketing, healthcare communications, interactive consulting services, marketing research, promotions, experiential marketing, public relations, and sports marketing.
  • Brigham Exploration (NASDAQ:BEXP): C.K. Cooper downgraded its rating on this company from Buy to Hold. Howard Weil downgraded its rating on this company from Market Outperform to Market Perform. 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.
  • Dollar Tree (NASDAQ:DLTR): Barclays Capital downgraded its rating on this company from Overweight to Equal Weight and changed its price target to $79. About the company: Dollar Tree, Inc. operates a discount variety store chain. The Company sells an assortment of everyday general merchandise. Dollar Tree sells its merchandise at the $1.00 price point. The Company operates throughout the United States.
  • American Capital Agency (NASDAQ:AGNC): JMP Securities downgraded its rating on this company from Mkt Outperform to Mkt Perform. About the company: American Capital Agency Corporation is a real estate investment trust. The Trust invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.
  • Fifth Third (NASDAQ:FITB): Compass Point downgraded its rating on this company from Buy to Neutral and changed its price target from $17.5 to $13. About the company: Fifth Third Bancorp is a diversified financial services company that operates banking centers in the Midwestern and Southeastern regions of the United States. The Company’s principal businesses include retail banking, commercial banking, investment advisory, and data processing.
  • Huntington Banc (NASDAQ:HBAN): Compass Point downgraded its rating on this company from Buy to Neutral and changed its price target from $7 to $6. About the company: Huntington Bancshares Incorporated is a multi-state bank holding company. The Company’s subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.
  • City National (NYSE:CYN): Compass Point downgraded its rating on this company from Buy to Neutral and changed its price target from $70 to $42. About the company: City National Corporation is the holding company for City National Bank. The Bank offers private and business banking services throughout California, Nevada and New York City. City National serves the needs of small to midsized businesses and affluent individuals, offering a variety of investment products and services, including the CNI Charter family of mutual funds.
  • El Paso Pipeline Partners (NYSE:EPB): Oppenheimer downgraded its rating on this company from Outperform to Perform. FBR Capital downgraded its rating on this company from Outperform to Mkt Perform. 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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