Thursday, August 2, 2012

U.S. ANALYST RATINGS: Upgrades, Downgrades, Initiatio

UPGRADES:
  * Cascade Microtech (CSCD) to buy: Canaccord Genuity
  * Celadon (CGI) to strong buy: Raymond James
  * Electronic Arts (EA) to buy: BofA Merrill
  * First Solar (FSLR) to outperform: Robert Baird
  * First Solar (FSLR) to buy: Cantor
  * Garmin (GRMN) to outperform: Wedbush
  * Mantech International (MANT) to market perform: Wells Fargo
  * PacWest Bancorp (PACW) to buy: Sterne Agee
  * Red Lion Hotels (RLH) to neutral: Robert Baird
  * Ralcorp (RAH) to outperform: Credit Suisse
  * Renaissancere (RNR) to hold: Deutsche Bank
  * RPX Corp. (RPXC) to overweight: Stephens
  * Resolute Forest Products (RFP) to hold: TD Securities
  * Titanium Metals (TIE) to overweight: JPMorgan
  * Verisk Analytics (VRSK) to buy: SunTrust Robinson
  * Wright Medical (WMGI) to outperform: Robert Baird


DOWNGRADES:
  * Amerigroup (AGP) to neutral: Citigroup
  * ArcelorMittal (MT) to neutral: BofA Merrill
  * Armstrong World (AWI) to sector perform: RBC Capital
  * Agrium (AGU) to hold: Dahlman Rose
  * Abercrombie & Fitch (ANF) to neutral: Piper Jaffray
  * Cerner (CERN) to market perform: Leerink Swann
  * Dryships (DRYS) to hold: Deutsche Bank
  * Devon Energy (DVN) to neutral: Macquarie
  * Hill-Rom (HRC) to neutral: Piper Jafray
  * Healthcare Realty Trust (HR) to neutral: Davenport
  * Harley-Davidson (HOG) to neutral: Longbow
  * Hot Topic (HOTT) to neutral: Piper Jaffray
  * Manning & Napier (MN) to market perform: Keefe Bruyette
  * MGM Resorts (MGM) to neutral: BofA Merrill
  * Ntelos (NTLS) to market perform: FBR Capital
  * Owens Corning (OC) to sector perform: RBC Capital
  * Potash Corp. (POT) to hold: Dahlman Rose
  * Qiagen (QGEN) to hold: Berenberg
  * Rentech Nitrogen Partners (RNF) to hold: Dahlman Rose
  * Stryker Corp. (SYK) to neutral: Piper Jaffray
  * Veolia (VE) to neutral: BofA Merrill
  * Washington Banking (WBCO) to market perform: FIG Partners
  * Wright Express (WXS) to neutral: Sterne Agee


INITIATIONS:
  * Avago Technologies (AVGO) neutral: Goldman Sachs
  * Exar Corp. (EXAR) buy: Stifel Nicolaus
  * Knight Transportation (KNX) buy: Longbow
  * Microcel (MCRL) outperform: Wells Fargo
  * Werner Enterprises (WERN) buy: Longbow

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