Equity Brief: Ratings Changes for December 7th: FIO, FIS, FISV, GPOR, GS, HBAN, HE, HMA

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:

Bank of America initiated coverage on shares of Fusion-Io Inc. (FIO). They issued a buy rating on the stock and set a $30.00 price target. They wrote, "Fusion-io (FIO) is positioned well as the clear market leader in server-side flash with a time to market advantage and strong software/hardware portfolio. The server-side flash market continues to gain enterprise traction and has a large total available market (TAM), with low, but rapidly growing penetration, which is fueling outsized revenue growth at FIO. We believe the company can maintain its innovative edge (1-2 years), even with increasing competition in flash storage."

Jefferies Group initiated coverage on shares of Fidelity National Information Services (FIS). They issued a hold rating on the stock.

Jefferies Group initiated coverage on shares of Fiserv, Inc. (FISV). They issued a buy rating on the stock.

Stifel Nicolaus downgraded shares of Gulfport Energy Co. (GPOR) from a buy rating to a hold rating. They noted that the move was a valuation call. They noted that the move was a valuation call.

SunTrust initiated coverage on shares of Goldman Sachs (GS). They issued a neutral rating on the stock and set a $123.00 price target.

SunTrust initiated coverage on shares of Huntington Bancshares Incorporated (HBAN). They issued a neutral rating on the stock and set a $6.50 price target.

Gabelli initiated coverage on shares of Hawaiian Electric (HE). They issued a hold rating on the stock. They wrote, "We regard HE as an improving utility story complimented by a high quality bank. Driven by more constructive rate treatment of growing infrastructure investment, we expect above-average utility earnings growth. Our 2012, 2013, and 2014 earnings estimates are $1.60, $1.70, and $1.85 per share, respectively."

Zacks downgraded shares of Health Management Associates (HMA) to an underperform rating.

Stephens downgraded shares of InterDigital, Inc. (IDCC) from an overweight rating to an equal weight rating. Their analysts now have a $52.00 price target on the stock.

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Source: Equity Brief via Thomson Reuters ONE

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