Share Upgrades and Downgrades Release December 7th

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

Upgrades

  • Blackstone (NYSE:BX): Argus upgraded its rating on this company from Hold to Buy and changed its price target to $20. About the company: The Blackstone Group LP is a global alternative asset manager and provider of financial advisory services. The firm’s asset management businesses include the management of corporate private equity funds, real estate funds, mezzanine funds, proprietary hedge funds and closed-end mutual funds. Blackstone also provides M&A and reorganization advisory, as well as private placement services. Get the most recent company news and stock data here >>
  • Atwood Oceanics (NYSE:ATW): Morgan Keegan upgraded its rating on this company from Mkt Perform to Outperform. About the company: Atwood Oceanics, Inc. performs contract drilling of exploratory and development oil and gas wells in offshore areas, and provides related support, management, and consulting services. The Company also provides labor, supervisory, and consulting services to operator-owned platform rigs in Australia. Get the most recent company news and stock data here >>
  • Comstock (NYSE:CRK): Oppenheimer upgraded its rating on this company from Perform to Outperform and changed its price target to $30. About the company: Comstock Resources, Inc., an independent exploration and production company, acquires, develops, produces, and explores oil and natural gas properties. The Company’s oil and natural gas reserves are located in the Gulf of Mexico, Texas, and Louisiana. Get the most recent company news and stock data here >>

Downgrades

  • Fastenal (NASDAQ:FAST): UBS downgraded its rating on this company from Buy to Neutral and changed its price target from $40 to $43. 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. Get the most recent company news and stock data here >>
  • Summit Hotel (NYSE:INN): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold. About the company: Summit Hotel Properties, Inc. is a real estate investment trust. The trust invests in hotels in the United States that do not serve food and beverages and serve the middle and upscale markets. Most of the hotels are franchised from brand name hotel companies. Get the most recent company news and stock data here >>
  • Darden Restaurants (NYSE:DRI): Argus downgraded its rating on this company from Buy to Hold. About the company: Darden Restaurants, Inc. operates casual dining restaurants in North America. The Company owns and operates seafood and Italian restaurants. Get the most recent company news and stock data here >>

(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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