Equity Briefing: Upgrades and Downgrades for July 24th: ELT, ELT, ESI, FE, FOSL, GEOY, GT, GWR, HFC, HMA, ITMN

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Vancouver, BC, July 24, 2012 - (ACN Newswire) - A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network and Equity Briefing:

Credit Suisse initiated coverage on shares of Elster Group SE (NYSE:ELT - News). They issued a neutral rating on the stock.

Barclays Capital downgraded shares of Elster Group SE (NYSE:ELT - News) from an overweight rating to an equalweight rating.

JPMorgan Chase downgraded shares of ITT Educational Services Inc (NYSE:ESI - News) from a neutral rating to an underweight rating.

Argus downgraded shares of FirstEnergy Corp. (NYSE:FE - News) from a buy rating to a hold rating.

Piper Jaffray downgraded shares of Fossil (NASDAQ:FOSL - News) from an overweight rating to a neutral rating.

Raymond James upgraded shares of GeoEye (NASDAQ:GEOY - News) from an underperform rating to a market perform rating.

Goldman Sachs upgraded shares of Goodyear (NYSE:GT - News) from a sell rating to a neutral rating.

Morgan Stanley upgraded shares of Genesee & Wyoming Inc. (NYSE:GWR - News) from an equal weight rating to an overweight rating.

Raymond James upgraded shares of Genesee & Wyoming Inc. (NYSE:GWR - News) from a market perform rating to an outperform rating.

Bank of America downgraded shares of HollyFrontier Corp (NYSE:HFC - News) from a buy rating to a neutral rating.

Jefferies Group downgraded shares of Health Management Associates (NYSE:HMA - News) from a buy rating to a hold rating. Their analysts now have a $7.50 price target on the stock, down previously from $10.00.

Canaccord Genuity downgraded shares of InterMune, Inc. (NASDAQ:ITMN - News) from a buy rating to a hold rating. Their analysts now have a $11.00 price target on the stock.

Atlantic Securities initiated coverage on shares of J.C. Penney Company, Inc. (NYSE:JCP - News). They issued a neutral rating on the stock.

Davenport upgraded shares of Lance, Inc. (NASDAQ:LNCE - News) from a neutral rating to a buy rating.

Jefferies Group downgraded shares of Mizuho Financial Gro (NYSE:MFG - News) from a buy ratingto a hold rating.

Citigroup initiated coverage on shares of Magnum Hunter (NYSE:MHR - News). They issued a buy rating on the stock and set a $5.00 price target.

Global Hunter Securities initiated coverage on shares of Magnum Hunter (NYSE:MHR - News). They issued a buy rating on the stock.

BMO Capital Markets initiated coverage on shares of Monmouth Real Estate (NYSE:MNR - News). They issued a market perform rating on the stock.

FBR Capital upgraded shares of Motorola Solutions (NYSE:MSI - News) from an underperform rating to a market perform rating. FBR Capital now has a $49.00 price target on the stock, up previously from $43.00.

Needham & Company reiterated its buy rating on shares of Mindspeed Technologies, Inc. (NASDAQ:MSPD - News).

Evercore Partners downgraded shares of Nordic American Tanker Shipping (NYSE:NAT - News) from an equal weight rating to an underweight rating.

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Source: Equity Briefing via Thomson Reuters ONE

Copyright 2012 ACN Newswire. All rights reserved.

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