Friday, October 5, 2012

First Solar (FSLR) (SNP) (BNK) (MT) (PDS) (TE) (AXU) (VNR) Ratings Changes and Initiations

First Solar, Inc. (FSLR), China Petroleum and Chemical (SNP), Bankers Petroleum Ltd. (BNK), ArcelorMittal (MT), Precision Drilling (PDS), TECO Energy, Inc. (TE), Alexco Resource Corp (AXU) and Vanguard Natural Resources (VNR) had ratings adjusted or initiated on them. Bernstein upgraded China Petroleum and Chemical (SNP) from a "Market Perform" rating to an "Outperform" rating. Raymond James downgraded Bankers Petroleum Ltd. (BNK) from an "Outperform" rating to a "Market Perform" rating. Avian Securities downgraded First Solar, Inc. (FSLR) from a "Positive" rating to a "Negative" rating. Citigroup (C) downgraded ArcelorMittal (MT) from a "Buy" rating to a "Neutral" rating. Desjardins downgraded Precision Drilling (PDS) from a "Hold" rating. Zacks downgraded TECO Energy, Inc. (TE) from a "Neutral" rating to an "Underperform" rating. They have a price target of $16.00 on the company. Stonecap Securities initiated coverage on Alexco Resource Corp (AXU). They placed an "Outperform" rating on the company. UBS AG initiated coverage on Vanguard Natural Resources (VNR). They placed a "Buy" rating and price target of $33.00 on the company.

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