December 07, 2012 at 10:19 AM EST
Equity Brief: Ratings Changes for December 7th: SSYS, SYT, T, TCK, TD, TOL, TSLA, TSM

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:

BB&T initiated coverage on shares of Stratasys (SSYS). They issued a buy rating on the stock and set a $83.00 price target.

JPMorgan Chase upgraded shares of Syngenta AG (SYT) from an underweight rating to a neutral rating.

Guggenheim reiterated its neutral rating on shares of AT&T Inc. (T). They have a $33.50 price target on the stock.

TD Securities downgraded shares of Teck Resources Limited (TCK) from a buy rating to a hold rating.

Scotia Capital downgraded shares of Toronto-Dominion Bank (TD) from an outperform rating to a sector perform rating.

CIBC downgraded shares of Toronto-Dominion Bank (TD) from an outperform rating to an outperform rating.

Topeka Capital initiated coverage on shares of Toll Brothers, Inc. (TOL). They issued a hold rating on the stock. They wrote, "Demand for Toll-branded homes appears to be increasing across the US, and we believe the traditional Toll buyer may be less sensitive to a loss of the mortgage interest tax deduction than entry-level or first-move-up buyers. However, we believe Toll`s greater-than-$500k average selling price may result in headline risk as the fiscal cliff negotiations continue."

Needham & Company raised its price target on shares of Tesla Motors Inc (TSLA) from $36.00 to $38.00. They have a buy rating on the stock.

Credit Suisse upgraded shares of Taiwan Semiconductor Mfg. Co. Ltd. (TSM) from a neutral rating to an outperform rating. They wrote, "Momentum continues in 2013. We believe 2013 is promising due to (1) earlier pull-in of high-end processors, (2) second wave of 28nm multi-core for China smartphones/tablets, and (3) and aggressive cost reductions to sustain margins. . We see urgency to ramp a 28nm project which we believe is likely Apple from 2Q13 and pull in Apple to 5% of 2013 sales (20% allocation) and 12% of 2014 sales (35% allocation), with upside if iPhone shifts to TSMC."

Zacks reiterated its outperform rating on shares of Tesoro Co. (TSO).

Stay on top of analysts` coverage with Analyst Ratings Network`s free daily email newsletter that provides a concise list of analysts` upgrades, downgrades and initiations. Register at http://bit.ly/equitybriefdaily

Content and Media Contact: newseditor@equitybrief.net




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Equity Brief via Thomson Reuters ONE

HUG#1663412
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here