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Stock Upgrades & Downgrades: BPL, PSS, CGNX, NLC, BEE, MMI, LHCG, WFT, AGN

 March 03, 2011 12:58 PM
 


During the current trading session, several stocks were either upgraded or downgraded by analysts and rating agencies. Some notable upgrades and downgrades are discussed here.

Upgrades:

Buckeye Partners LP (NYSE: BPL) is upgraded to Outperform from Market Perform at Wells Fargo. BPL added 0.34 percent or $0.22 to $64.91.

Capstone has upgraded Collective Brands Inc (NYSE: PSS) to Buy from Hold. However, PSS lost 1.58 percent or $0.36 to $22.44.

Cognex Corporation (NASDAQ: CGNX) jumped 9.03 percent or $2.42 to $29.23 as it is hoisted to Overweight from Neutral at Piper Jaffray.

[Related -Allergan, Inc. (NYSE:AGN): Is Ozurdex A Potential Sleeper Hit?]

Nalco Holding Company (NYSE: NLC) is upgraded at JP Morgan to Overweight from Neutral with a price target of $30. NLC added 4.97 percent or $1.26 to $26.60 after the news.

Wells Fargo has upgraded Strategic Hotels & Resorts Inc (NYSE: BEE) to Outperform from Market Perform. BEE gained 5.41 percent or $0.33 to $6.44.

Downgrades:

[Related -Weatherford International Ltd (WFT): Strange Insider Activity]

Motorola Mobility Holdings Inc (NYSE: MMI) slipped 3.88 percent or $1.08 to $27.30 as it is downgraded to Neutral from Outperform at Cowen.

LHC Group Inc (NASDAQ: LHCG) is reduced to Hold from Buy with a price target of $26 at Jefferies. LHCG lost 9.32 percent or $2.80 to $27.25.

Sterne Agee has downgraded Weatherford International Ltd (NYSE: WFT) to Neutral from Buy. WFT slipped 0.66 percent or $0.14 to $21 after the news.

Goldman Sachs has removed Allergan Inc (NYSE: AGN) from its Conviction Buy List. AGN was down 0.03 percent or $0.02 to $72.

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