- BMO Capital upgraded Church & Dwight (CHD) to outperform from market perform with a $75 price target, citing valuation.
- JPMorgan upgraded Men's Wearhouse (MW) to overweight from neutral with a $25 price target. The firm cites valuation and expectations for margin expansion for the upgrade.
- Longbow upgraded Greenbrier (GBX) to buy from neutral and has a $15 target on the stock. The firm's checks indicate demand is tightening for intermodal railcars.
- Sunpower (SPWRA) was upgraded to buy from hold at Soleil.
- Tesoro (TSO) was upgraded to outperform from sector perform at RBC Capital.
Analyst Downgrades
- Argus downgraded General Dynanmics (GD) to hold from buy based on a weaker near-term outlook due to rising budget deficits and changing military priorities.
- Stephens downgraded ViaSat (VSAT) to equal weight from overweight and has a $36 target on the stock. The analyst is positive on ViaSat's long-term earnings growth but said the near-term outlook is shakier and there is execution risk.
- Fibria Celulose (FBR) was downgraded to market perform from outperform at BMO Capital.
Analyst Initiations
- Janney Montgomery initiated Home Properties (HME) with a buy rating and $57 target.
- Citigroup started GSI Commerce (GSIC) with a buy rating and $29 target.
- Wunderlich assumed Columbia Banking (COLB) with a buy rating and $21 target.
- National Grid (NGG) coverage was resumed with a buy rating at BofA/Merrill.
- Vermillion (VRML) was initiated with a buy rating and $11 target at Roth Capital.
- Jaguar Mining (JAG) was initiated with a neutral rating and $7 target at JPMorgan.
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