Wednesday, September 12, 2012

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

UPGRADES:
  * Alon USA (ALJ) to equalweight: Morgan Stanley
  * Agrium (AGU) to buy: Citigroup
  * Black Hills (BKH) to overweight: JPMorgan
  * FMC Technologies (FMC) to equalweight: Morgan Stanley
  * Federated Investors (FII) to neutral: Goldman Sachs
  * Great Plains (GXP) to overweight: JPMorgan
  * Group 1 Automotive (GPI) to overweight: Morgan Stanley
  * JB Hunt Transport (JBHT) to buy: BofA Merrill
  * Kinder Morgan (KMI) to neutral: BofA Merrill
  * Kohl’s (KSS) to buy: Deutsche Bank
  * Rogers Communications (RCI) to buy: BofA Merrill
  * Stewart Enterprises (STEI) to buy: BOE Securities
  * Silican Labs (SLAB) to buy: Williams Financial


DOWNGRADES:
  * Automatic Data Processing (ADP) to underperform: Jefferies
  * Amgen (AMGN) to neutral: Robert Baird
  * Basic Energy Services (BAS) to neutral: Macquarie
  * Cohen & Steers (CNS) to sell: Goldman Sachs
  * Ericsson (ERIC) to hold: Pareto
  * Finish Line (FINL) to underperform: Sterne Agee
  * Holly Energy Partners (HEP) to underperform: BofA Merrill
  * Novo Nordisk (NVO) to neutral: Natixis
  * MPG Office Trust (MPG) to hold: Stifel
  * Nabors (NBR) to neutral: Macquarie
  * Paychex (PAYX) to underperform: Jefferies
  * Paccar (PCAR) to underperform: Wells Fargo
  * Packaging Corp. (PKG) to market perform: BMO Capital
  * Potash (POT) to neutral: Citigroup
  * Sunoco (SUN) to equalweight: Morgan Stanley
  * Synaptics (SYNA) to hold: Needham
  * Standard Pacific (SPF) to neutral: UBS
  * Texas Instruments (TXN) to underperform: FBR Capital
  * Vodafone (VOD) to neutral: Nomura


INITIATIONS:
  * Apollo Commercial (ARI) market perform: JMP Securities
  * Arqule (ARQL) market outperform: Burrill Research
  * Asbury Auto (ABG) underweight: Morgan Stanley
  * Core Lab (CLB) neutral: Natixis
  * Carmax (KMX) overweight: Morgan Stanley
  * DemandWare (DWRE) buy: Janney Capital
  * Dollar General (DG) overweight: Piper Jaffray
  * Fortinet (FTNT) outperform: Northland Capital
  * Lithia Motors (LAD) overweight: Morgan Stanley
  * LivePerson (LPSN) buy: Benchmark Co.
  * MasterCard (MA) outperform: Pacific Crest
  * McDermott (MDR) buy: Global Hunter
  * Pacific Coast Oil (ROYT) neutral: Citigroup
  * Standard Motor (SMP) buy: BofA Merrill
  * Visa (V) outperform: Pacific Crest
  * Wisdomtree (WETF) equalweight: Morgan Stanley

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