Equity Brief: Ratings Changes for November 19th: BGCP, BRKR, CI, CMLP, CPHD, CSC, DF, DHI, DMND

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:

Raymond James upgraded shares of BGC Partners, Inc. (NASDAQ: BGCP) from an underperform rating to a strong-buy rating. Raymond James now has a $6.50 price target on the stock.

Goldman Sachs upgraded shares of Bruker Co. (NASDAQ: BRKR) from a neutral rating to a buy rating. Goldman Sachs now has a $19.00 price target on the stock.

BMO Capital Markets raised its price target on shares of CIGNA Co. (NYSE: CI) from $60.00 to $65.00. They have an outperform rating on the stock. They wrote, "During the Investor Day this year, Cigna outlined its strategy for growth thus far and in the future. International and commercial Healthcare are current and future bright spots, promising ASO membership and above peer expansion. New this year was investor breakout sessions, which allowed attendees to participate in smaller discussion groups with management. Through these sessions, commercial healthcare continues to play an outsized role when it comes to the valuation of CI shares. As presentations marched on, investor concerns continued to analyze the shifting landscape for 2014. Questions around the industry tax, star ratings and exchange dynamics showed that while we are closer to 2014 we still have a lot to learn. We are raising our price target to $65 to reflect the strengthening fundamentals."

Wells Fargo & Co. initiated coverage on shares of Crestwood Midstream Partners LP (NASDAQ: CMLP). They issued an outperform rating on the stock.

Goldman Sachs downgraded shares of Cepheid (NASDAQ: CPHD) from a buy rating to a neutral rating. Their analysts now have a $32.00 price target on the stock.

Deutsche Bank upgraded shares of Computer Sciences (CSC) from a hold rating to a buy rating. Deutsche Bank now has a $46.00 price target on the stock, up previously from $38.00. They wrote, "After meeting with the company`s new mgmt and working through our model, we believe the turnaround is happening faster and normalized EPS of $5.00+ will be reached earlier than expected (current valuation does not reflect future normalized earnings). CSC currently trades at a significant discount to peers even at depressed EBITDA levels (trades at only 3.5x CY13 EV/EBITDA versus peer group of 8.4x). We are raising our FY14 EPS est $0.29 to $3.51 (above Street) and issuing FY15 EPS of $4.00, believing these figures could prove conservative."

Goldman Sachs upgraded shares of Dean Foods Co (DF) from a neutral rating to a buy rating. Goldman Sachs now has a $22.00 price target on the stock, up previously from $20.00. They wrote, "We view DF as a compelling sum-of-the-parts story as: (1) we expect a full spin-off of WhiteWave around mid-year 2013 and DF currently owns 87% of WWAV; (2) we see potential for further upside to value if management is able to consummate its intended sale of Morningstar; and (3) we expect DF`s remaining Fresh Dairy Direct (FDD) business to re-rate higher on stabilization of raw milk prices, improved balance sheet and healthy cash generation profile."

CRT Capital initiated coverage on shares of D.R. Horton, Inc. (DHI). They issued a fair value rating on the stock.

Jefferies Group downgraded shares of Diamond Foods (DMND) from a hold rating to an underperform rating. Their analysts now have a $10.00 price target on the stock, down previously from $27.00.

RBC Capital upgraded shares of Enerplus Resources Fund (ERF) from a sector perform rating to an outperform rating.

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