Stock Analysts Upgrades: SMBL, RENN, RDC, OII, NE, HOS, GLF, SPWRA, OTEX, RDSA

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on September 23rd.

Upgrades

  • Smart Balance (NASDAQ:SMBL): BB&T Capital Mkts upgraded its rating on this company from Hold to Buy. About the company: Smart Balance, Inc. produces and markets a variety of food products with the blend of natural vegetable oils, which are designed to help improve the cholesterol ratio. The Company, under the Smart Balance brand, have produced spreads, cheeses, peanut butter, and other foods.
  • Renren (NYSE:RENN): Maxim Group upgraded its rating on this company from Sell to Hold. About the company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services.
  • Rowan Cos (NYSE:RDC): Global Hunter Securities upgraded its rating on this company from Neutral to Buy and changed its price target to $44. About the company: Rowan Companies, Inc. provides international and domestic contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.
  • Oceaneering Intl (NYSE:OII): Global Hunter Securities upgraded its rating on this company from Neutral to Buy and changed its price target from $47 to $53. About the company: Oceaneering International, Inc. is a global provider of engineered services and products to the offshore oil and gas industry. The Company offers services and products in remotely operated vehicles, mobile offshore production systems, engineering and product management, manned diving and other deep water applications. Oceaneering also serves the defense and aerospace industries.
  • Noble Corp (NYSE:NE): Global Hunter Securities upgraded its rating on this company from Neutral to Buy and changed its price target from $33 to $45. About the company: Noble Corporation provides diversified services for the oil and gas industry. The Company provides contract drilling services with its fleet of offshore drilling units located in markets worldwide. Noble also provides labor contract drilling services, well site and project management services, and engineering services.
  • Hornbeck Offshore (NYSE:HOS): Global Hunter Securities upgraded its rating on this company from Neutral to Buy and changed its price target from $30 to $39. About the company: Hornbeck Offshore Services, Inc. provides marine transportation services to the offshore oil and gas industry. The Company owns and operates deepwater offshore supply vessels in the Gulf of Mexico, which support day-to-day operations of oil drilling rigs and production platforms. Hornbeck also owns and operates ocean going tugs and barges in the northeastern United States and Puerto Rico.
  • Gulfmark Offshore (NYSE:GLF): Global Hunter Securities upgraded its rating on this company from Neutral to Accumulate and changed its price target from $46 to $48. About the company: GulfMark Offshore, Inc. provides marine support services to the energy industry. The Company’s vessels transport drilling materials, supplies, and personnel to offshore facilities, as well as move and position drilling structures. GulfMark operates primarily in the North Sea and offshore Southeast Asia.
  • Sunpower (NASDAQ:SPWRA): Brigantine upgraded its rating on this company from Sell to Hold. About the company: SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.
  • Open Text (NASDAQ:OTEX): The Benchmark Company upgraded its rating on this company from Sell to Hold. About the company: Open Text Corporation provides intranet, extranet, and corporate portal solutions to organizations located throughout the world. The Company’s flagship product, Livelink is an off-the-shelf, enterprise scalable, collaborative application for companies that want to leverage their information and resources through intranets.
  • Royal Dutch Shell (NYSE:RDSA): The Benchmark Company upgraded its rating on this company from Sell to Hold.

(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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