Analyst upgraded or downgraded several companies this morning. Some notable upgrades and downgrades are discussed here.
ConocoPhillips (NYSE: COP) is upgraded to Hold from Buy at Citigroup. However, COP slipped 0.31 percent or $0.25 to $79.71 during the day's trading.
Deutsche Bank upgraded SkyWest Inc (NASDAQ: SKYW) to Buy from Hold with a price target of $20. SKYW gained 3.21 percent or $0.49 to $16.40 after the news.
FirstMerit Corporation (NASDAQ: FMER) gained 1.08 percent or $0.18 to $16.85 as it is upgraded to Buy from Hold at Stifel Nicolaus.
Wipro Limited (NASDAQ: WIT) is hoisted to Neutral from Negative at Susquehanna. However, Wipro lost 1.26 percent or $0.17 to $13.28.
UBS upgraded Brinker International Inc (NYSE: EAT) to Buy from Neutral. EAT added 4.24 percent or $1.01 to $24.86.
Molson Coors Brewing Company (NYSE: TAP) lost 0.45 percent or $0.20 to $44.04 as it is downgraded to Hold from Buy at Argus.
Nationwide Health Properties Inc (NYSE: NHP) is reduced to Market Perform from Outperform at Wells Fargo. NHP slipped 0.05 percent or $0.02 to $40.57.
Pinnacle Airlines Corporation (NASDAQ: PNCL) is downgraded to Hold from Buy at Deutsche Bank with a price target of $8. PNCL lost 3.83 percent or $0.23 to $5.77.
Vanceinfo Technologies Inc (NYSE: VIT) slipped 5.45 percent or $1.75 to $30.37 after it got downgraded to Market Perform from Outperform by BMO Capital.
Boyd Gaming Corporation (NYSE: BYD) is downgraded to Sell from Neutral at Goldman Sachs. BYD tumbled 6.02 percent or $0.62 to $9.51.