Stock Analyst Upgrades and Downgrades: Sears Holdings Slashed, Google Price Target Raised
The markets are down today as investors take profits after five days of gains. The Dow Jones Industrial Average (NYSEARCA:DIA) is down 133.39 points, or 1.09%, to 12,157. The S&P 500 (NYSEARCA:SPY) is down 14.51 points, or 1.15%, to 1,250, and the Nasdaq (NASDAQ:QQQ) is down 30.15 points, or 1.15%, to 2,595. The following stocks are reacting to news of Wall Street analyst upgrades or downgrades.
Google (NASDAQ:GOOG) shares were upgraded by Goldman Sachs to a Neutral-rating and raised price target from $660 to $685. The firm said it now looks like global query growth could increase considerably in the fourth quarter. The shares are up $1.27,
Endeavour Intl (AMEX:END): Rodman & Renshaw upgraded its rating from Mkt Perform to Mkt Outperform and changed its price target to $12.5. Endeavour International Corporation is an international oil and gas exploration and production company that acquires, explores, and develops energy reserves.
Kodiak Oil & Gas (AMEX:KOG): Northland Securities downgraded its rating from Outperform to Market Perform and changed its price target to $10. Kodiak Oil & Gas Corporation explores for oil and natural gas in the western United States.
Goldman Sachs remains bearish on Sears Holdings Corp. (NASDAQ:SHLD) shares, and also cut their price target from $43 to $30. The bank said, “The weaker fundamentals reaffirmed our view that SHLD’s weak positioning will only be exacerbated in an uncertain environment.”
Molycorp (NYSE:MCP) price targets are now seen reaching $39 according to JP Morgan. The firm rates the shares Neutral.
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