Share Upgrades and Downgrades October 7th

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 7th:

Upgrades

  • LKQ Corp (NASDAQ:LKQX): Barrington Research upgraded its rating on this company from Mkt Perform to Outperform and changed its price target to $36. About the company: LKQ Corporation procures salvage vehicles, primarily at auctions, using locally based and centralized procurement systems. The company dismantles these vehicles for recycled products, and then sells recycled original equipment manufacturer products to automobile collision and mechanical repair shops and, indirectly, insurance companies and extended warranty companies.
  • Smith & Wesson (NASDAQ:SWHC): DA Davidson upgraded its rating on this company from Neutral to Buy and changed its price target from $3 to $4. About the company: Smith & Wesson Holding Corporation produces handguns, law enforcement products, and firearm safety and security products. The Company also manufactures handcuffs, and markets Smith & Wesson branded bicycles, apparel, and other products. Smith & Wesson’s products are sold to law enforcement personnel, military personnel, target shooters, and collectors throughout the world.
  • Greenhill (NYSE:GHL): Ticonderoga upgraded its rating on this company from Neutral to Buy and changed its price target to $37. About the company: Greenhill & Co., Inc is an independent investment bank. The Company focuses on providing financial advice on mergers, acquisitions, restructurings, financings and capital raisings to corporations, partnerships, institutions and governments. Greenhill & Co. has offices throughout the world.
  • Advanced Micro (NYSE:AMD): Oppenheimer upgraded its rating on this company from Underperform to Perform. About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.
  • Quantum (NYSE:QTM): Wunderlich upgraded its rating on this company from Hold to Buy and changed its price target to $3. About the company: Quantum Corporation designs and manufactures storage products. The Company sells a variety of storage products to original equipment manufacturers and distribution customers worldwide. Storage products include DLTtape drives, DLTtape media cartridges, and tape libraries.

Downgrades

  • Illumina (NASDAQ:ILMN): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $80 to $32. Maxim Group downgraded its rating on this company from Buy to Hold. About the company: Illumina, Inc. develops, manufactures and markets integrated systems for the large scale analysis of genetic variation and biological function. The Company provides a comprehensive line of products and services that currently serve the sequencing, genotyping and gene expression markets for genomic research centers, pharmaceutical companies, academic institutions and biotechnology companies.
  • Cardiovascular Systems (NASDAQ:CSII): Feltl & Co. downgraded its rating on this company from Strong Buy to Buy. About the company: Cardiovascular Systems, Inc. developed and manufactures a medical device that removes hardened plaque and calcium from arteries.
  • Canadian Pacific (NYSE:CP): RBC Capital Mkts downgraded its rating on this company from Top Pick to Outperform and changed its price target to $73. About the company: Canadian Pacific Railway Limited is a Class 1 transcontinental railway, providing freight and intermodal services over a network in Canada and the United States. The Company’s mainline network serves major Canadian ports and cities from Montreal to Vancouver, and key centers in the United States Midwest and Northeast.
  • GLG Life Tech (NASDAQ:GLGL): Canaccord Genuity downgraded its rating on this company from Buy to Hold and changed its price target from $7.5 to $2. About the company: GLG Life Tech Corporation distributes various health and nutritional products which are sourced globally.
  • Washington REIT (NYSE:WRE): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. About the company: Washington Real Estate Investment Trust is a self-administered equity real estate investment trust which invests in income-producing properties. The Company’s portfolio of assets consists of shopping centers, office buildings, high-rise apartment buildings and industrial properties located in the greater Washington-Baltimore region.
  • Harris (NYSE:HRS): The Benchmark Company downgraded its rating on this company from Buy to Hold and changed its price target to $38. About the company: Harris Corporation is an international communications equipment company focused on product, system, and service solutions. The Company provides a range of mission critical communications products, systems and services for global markets, including defense communications and electronics, government communications, broadcast communications and wireless transmission network solutions.

(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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