Stock Upgrades and Downgrades October 4th: VRTX, ANDS, ALXA, CVC, FST, OHI, AMR, WMT, SON, CLI, OAS, CXO CWEI, BPZ,

Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on October 4th.

Upgrades

  • Vertex Pharm (NASDAQ:VRTX): JMP Securities upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $53. About the company: Vertex Pharmaceuticals Incorporated discovers, develops, and commercializes novel, small molecule pharmaceuticals for the treatment of diseases for which there are currently limited or no effective treatments. The Company is developing drugs for the treatment of viral diseases, multidrug resistance in cancer, inflammatory and autoimmune diseases, and neurodegenerative diseases.
  • Anadys Pharma (NASDAQ:ANDS): JMP Securities upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $3. About the company: Anadys Pharmaceuticals Inc. provides biopharmaceuticals. The Company discovers, develops, and commercializes small molecule, anti-infective medicines for the treatment of hepatitis C virus, or HCV, and bacterial infections. Anadys has several programs underway to deliver other HCV drug candidates.
  • Alexza Pharma (NASDAQ:ALXA): JMP Securities upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $4. About the company: Alexza Pharmaceuticals, Inc. is a pharmaceutical company focused on the development and commercialization of proprietary products for the treatment of acute and intermittent conditions.
  • Cablevision (NYSE:CVC): Hudson Square Research upgraded its rating on this company from Sell to Hold. About the company: Cablevision Systems Corporation provides telecommunications and entertainment services. The Company has operations in multimedia delivery, subscription cable television services, championship professional sports teams, and national television program networks.
  • Forest Oil (NYSE:FST): Canaccord Genuity upgraded its rating on this company from Hold to Buy and changed its price target from $30 to $22. About the company: Forest Oil Corporation is involved in the acquisition, exploration, development, production, and marketing of natural gas and crude oil in North American and international locations. The Company’s principal reserves and producing properties are located in the United States, including Alaska, the Gulf of Mexico, Louisiana, Oklahoma, Texas, and Wyoming, and in Canada.
  • Omega Health (NYSE:OHI): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $18. About the company: OMEGA Healthcare Investors, Inc. is a real estate investment trust (REIT). The Company invests in and provides financing to the long-term care industry. OMEGA operates healthcare facilities in the United States which are operated by independent healthcare operating companies.
  • AMR (NYSE:AMR): Rodman & Renshaw upgraded its rating on this company from Mkt Perform to Mkt Outperform and changed its price target to $5. About the company: AMR Corporation operates an airline that provides scheduled passenger, freight, and mail service throughout North America, the Caribbean, Latin America, Europe, and the Pacific. The Company also provides connecting service throughout the United States, Canada, and the Caribbean. In addition, AMR provides aviation services, call center management services, and investment advisory services.

Downgrades

  • Wal-Mart (NYSE:WMT): Standpoint Research downgraded its rating on this company from Buy to Hold. About the company: Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company’s discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart’s markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally.
  • Sonoco Products (NYSE:SON): Argus downgraded its rating on this company from Buy to Hold. About the company: Sonoco Products Company manufactures industrial and consumer packaging solutions for customers around the world. The Company’s products include flexible packaging, high density film products, and folding cartons. Sonoco Products also has an integrated network of global technology centers focused on materials science, packaging engineering, and process improvement.
  • Mack-Cali Realty (NYSE:CLI): Stifel Nicolaus downgraded its rating on this company from Hold to Sell. About the company: Mack-Cali Realty Corporation is a fully integrated, self administered, self managed real estate investment trust (REIT) providing management, leasing, development, construction, and other tenant related services for its class A real estate portfolio. The properties are primarily office and office/flex buildings located in the Northeast.
  • Oasis Petroleum (NYSE:OAS): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $44 to $22. About the company: Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
  • Concho Resources (NYSE:CXO): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $114 to $70. About the company: Concho Resources Inc. acquires, develops and explores for oil and natural gas properties in the Permian Basin area of Southeast New Mexico and West Texas.
  • Clayton Williams (NASDAQ:CWEI): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $100 to $45. About the company: Clayton Williams Energy, Inc. and its subsidiaries explore for and produce oil and natural gas. The Company’s activities are primarily located in Texas, Louisiana, and other southern states.
  • BPZ Energy (NYSE:BPZ): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target from $9.5 to $2.5. About the company: BPZ Resources, Inc. is an oil and gas exploration and production company with properties in Peru and Ecuador. The Company has exclusive rights and license agreements for oil and gas exploration and production in several properties in northwest Peru. BPZ also owns a non-operating interest in a producing property in southwest Ecuador.

(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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