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Equity Briefing: Upgrades and Downgrades for August 2nd: ALGT, ANF, ARO, BMY, CAVM, CBT, GILD, GMCR, KCG, KGC

Vancouver, BC, Aug 3, 2012 – (ACN Newswire) – A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network ( http://bit.ly/arndailyr) and Equity Briefing:

UBS AG reiterated its buy rating on shares of Allegiant Travel (NASDAQ: ALGT).

UBS AG downgraded shares of Abercrombie Fitch (NYSE: ANF) from a buy rating to a neutral rating.

Piper Jaffray downgraded shares of Abercrombie Fitch (NYSE: ANF) from an overweight rating to a neutral rating. Their analysts now have a $28.00 price target on the stock.

SunTrust downgraded shares of Aeropostale, Inc. (NYSE: ARO) from a buy rating to a neutral rating.

Barclays Capital downgraded shares of Bristol Myers Squibb Co. (NYSE: BMY) from an overweight rating to an equalweight rating.

Jefferies Group raised their EPS estimates on shares of Cavium Networks, Inc. (NASDAQ: CAVM). They now have a buy rating and a $37.00 price target on the stock.

JPMorgan Chase initiated coverage on shares of Cabot Co. (NYSE: CBT). They issued a neutral rating on the stock and set a $41.00 price target.

Barclays Capital upgraded shares of Gilead Sciences, Inc. (NASDAQ: GILD) from an equalweight rating to an overweight rating.

KeyBanc cut their EPS estimates on shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR). They now have a buy rating and a $36.00 price target on the stock.

Stifel Nicolaus downgraded shares of Knight Capital Group Inc. (NYSE: KCG) from a buy rating to a hold rating.

Stifel Nicolaus downgraded shares of Kinross Gold Corp (NYSE: KGC) from a buy rating to a hold rating.

Zacks reiterated its neutral rating on shares of Northeast Utilities System (NYSE: NU). They have a $42.00 price target on the stock.

Zacks reiterated its neutral rating on shares of Peet S Coffee Tea Inc (NASDAQ: PEET). They have a $79.00 price target on the stock.

Sidoti upgraded shares of Gibraltar Industries, Inc. (NASDAQ: ROCK) from a neutral rating to a buy rating.

Noble Financial downgraded shares of Rofin-Sinar Technologies (NASDAQ: RSTI) from a buy rating to a hold rating.

Sidoti upgraded shares of Smart Balance Inc (NASDAQ: SMBL) from a neutral rating to a buy rating.

Sidoti downgraded shares of Stage Stores (NYSE: SSI) from a buy rating to a neutral rating.

UBS AG reiterated its buy rating on shares of Symantec (NASDAQ: SYMC).

CLSA upgraded shares of Teradata Co. (NYSE: TDC) from an outperform rating to a buy rating.

Imperial Capital initiated coverage on shares of Triumph Group, Inc. (NYSE: TGI). They issued an outperform rating on the stock and set a $77.00 price target.

Zacks reiterated its neutral rating on shares of Theravance, Inc. (NASDAQ: THRX). They have a $29.00 price target on the stock.

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Source: Equity Briefing via Thomson Reuters ONE


Aug 3, 2012

Topic: Press release summary


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