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Analysts' Rating And Target Changes: CMG, CMI, EA, FRX, HLF, JCP, RIMM, SBUX

 January 11, 2013 01:09 PM
 


(By Balachander) A number of stocks were upgraded, downgraded and price target changed by equities research analysts on Friday.

Chipotle Mexican Grill Inc. (NYSE: CMG): UBS raised price target on the stock to $310 from $270. Shares shed 0.54 percent to trade at $296.79.

Cummins Inc. (NYSE: CMI): Jefferies downgraded rating on the stock to "hold" from "buy". Shares traded 1.33 percent lower at $110.94.

Electronic Arts Inc. (NASDAQ: EA): Piper Jaffray downgraded rating on the stock to "neutral" from "overweight". Shares added 0.71 percent to trade at $14.10.

[Related -Forest Laboratories, Inc. (NYSE:FRX): Should Astrazeneca Plc Buy Forest Labs?]

Forest Laboratories Inc. (NYSE: FRX): Goldman Sachs upgraded rating on the stock to "neutral" from "sell". Shares rose 1.74 percent to trade at $37.95.

Herbalife Ltd. (NYSE: HLF): Janney Capital downgraded rating on the stock to "neutral" from "buy". Shares traded 1.07 percent higher at $39.61.

J.C. Penney Company Inc. (NYSE: JCP): UBS downgraded rating on the stock to "sell" from "neutral". Shares tumbled 5.33 percent to trade at $18.13.

[Related -Macy's, Inc. (NYSE:M): Cyber-Monday’S Biggest Winner?]

Research In Motion Ltd. (NASDAQ: RIMM):  BMO Capital downgraded rating on the stock to "underperform". Shares surged 9.31 percent to trade at $13.03.

Starbucks Corp. (NASDAQ: SBUX): UBS raised price target on the stock to $64 from $59. Shares advanced 0.46 percent to trade at $54.79.

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