Equity Briefing: Upgrades and Downgrades for August 2nd: AGP, AGU, AMGN, ANF, AVGO, AWI, CERN, CMCSA, DRYS, DV

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Vancouver, BC, Aug 2, 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:

Citigroup downgraded shares of AMERIGROUP Co. (NYSE:AGP - News) from a buy ratingto a neutral rating.

Dahlman Rose downgraded shares of Agrium (NYSE:AGU - News) from a buy rating to a hold rating.

Argus downgraded shares of Amgen, Inc. (NASDAQ:AMGN - News) from a buy rating to a hold rating.

Robert W. Baird downgraded shares ofAbercrombie & Fitch (NYSE:ANF - News) from an outperform rating to a neutral rating. Their analysts now have a $32.00 price target on the stock, down previously from $55.00.

Caris & Co. downgraded shares of Abercrombie & Fitch (NYSE:ANF - News) from a buy rating to an average rating.

Goldman Sachs initiated coverage on shares of Avago Technologies (NASDAQ:AVGO - News). They issued a neutral rating on the stock.

RBC Capital downgraded shares of Armstrong World Industries (NYSE:AWI - News) from a top pick rating to a sector perform rating.

Leerink Swann downgraded shares of Cerner Corp (NASDAQ:CERN - News) from an outperform rating to a market perform rating.

Nomura reiterated its buy rating on shares of Comcast Co. (NASDAQ:CMCSA - News).

Deutsche Bank downgraded shares of DryShips Inc. (NASDAQ:DRYS - News) from a buy rating to a hold rating.

Macquarie downgraded shares of Devon Energy Co. (NYSE:DVN - News) from an outperform rating to a neutral rating.

UBS AG initiated coverage on shares of Embraer (NYSE:ERJ - News). They issued a buy rating on the stock.

Stifel Nicolaus initiated coverage on shares of Exar (NASDAQ:EXAR - News). They issued a buy rating on the stock and set a $12.00 price target.

HSBC downgraded shares of Fresenius Medical (NYSE:FMS - News)from an overweight rating to a neutral rating.

Cantor Fitzgerald upgraded shares of First Solar, Inc. (NASDAQ:FSLR - News) from a hold rating to a buy rating. Cantor Fitzgerald now has a $23.00 price target on the stock.

Robert W. Baird upgraded shares of First Solar, Inc. (NASDAQ:FSLR - News) from a neutral rating to an outperform rating. Robert W. Baird now has a $30.00 price target on the stock, up previously from $25.00.

ThinkEquity upgraded shares of First Solar, Inc. (NASDAQ:FSLR - News) from asell rating to a hold rating.

Gabelli upgraded shares of Frontier Communications (NYSE:FTR - News) from a hold rating to a buy rating.

Global Hunter Securities initiated coverage on shares of Gold Resource Co. (NASDAQ:GORO - News). They issued an accumulate rating on the stock and set a $22.00 price target.

Wedbush upgraded shares of Garmin Ltd. (NASDAQ:GRMN - News) from a neutral rating to an outperform rating.

Longbow Research downgraded shares of Harley-Davidson, Inc. (NYSE:HOG - News) from a buy rating to a neutral rating.

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Source: Equity Briefing via Thomson Reuters ONE

Copyright 2012 ACN Newswire. All rights reserved.

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