Equity Brief: Ratings Changes for November 19th: ETFC, FLO, FLT, GCAP, GMLP, GOLD, H, HAL, HOT

A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network (http://bit.ly/equitybriefdaily) and Equity Brief:

Evercore Partners upgraded shares of E TRADE Financial Co. (NASDAQ: ETFC) from an underweight rating to an equal weight rating. Evercore Partners now has a $7.75 price target on the stock.

KeyBanc upgraded shares of Flowers Foods, Inc. (NYSE: FLO) from a hold rating to a buy rating. KeyBanc now has a $25.00 price target on the stock.

Evercore Partners initiated coverage on shares of FleetCor Technologies, Inc. (NYSE: FLT). They issued an overweight rating on the stock.

BGB Securities initiated coverage on shares of Gain Capital Holdings (NASDAQ: GCAP). They issued a hold rating on the stock and set a $4.25 price target.

Citigroup upgraded shares of Golar LNG Partners (NASDAQ: GMLP) from a neutral rating to a buy rating. Citigroup now has a $33.50 price target on the stock.

RBC Capital upgraded shares of Randgold Resources Ltd. (GOLD) from a sector perform rating to an outperform rating.

MKM Partners upgraded shares of Hyatt Hotels (H) from a neutral rating to a buy rating.

Macquarie upgraded shares of Halliburton (HAL) from a neutral rating to an outperform rating. Macquarie now has a $38.00 price target on the stock.

Jefferies Group initiated coverage on shares of Starwood Hotels (HOT). They issued a buy rating on the stock. They wrote, "We find a lot to like about Starwood. An asset-light operator, the company has a strong domestic heritage, but the business is evolving towards faster-growing Emerging Markets. Starwood comes top on our qualitative Jefferies Scorecard. The company stands on 10.3x FY13E EV/EBITDA, an 8% discount to Marriott, despite its more positive attributes. Our price target offers 17% upside potential."

Jefferies Group upgraded shares of Infineon Technologies AG (IFNNY) from an underperform rating to a hold rating.

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Source: Equity Brief via Thomson Reuters ONE

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