Ratings on (EGN) (FOE) (FST) (GD) (HTGC) Upgraded

Ratings on Energen (NYSE: EGN), Ferro Co. (NYSE: FOE), Forest Oil Co. (NYSE: FST), General Dynamics (NYSE: GD) and Hercules Tech. (NASDAQ: HTGC) were upgraded by analysts.

Capstone upgraded Energen (EGN) from a “hold” rating to a “buy” rating. They have a price target of $72.00 on the company.

Deutsche Bank (NYSE:DB) upgraded Ferro Co. (FOE) from a “hold” rating to a “buy” rating. They now have a price target of $15.00 on the company.

Jefferies (NYSE:JEF) upgraded Forest Oil Co. (FST) from a “hold” rating to a “buy” rating. They have a price target of $37.00 on the company, up from $36.00.

SunTrust (NYSE:STI) upgraded General Dynamics (GD) from a “neutral” rating to a “buy” rating.

Lazard Capital upgraded Hercules Tech. (HTGC) from a “neutral” rating to a “buy” rating. They have a price target of $12.00 on the company.

Wells Fargo (NYSE:WFC) Says Energen (NYSE:EGN) Valued Where it Should Be

Saying Energen Corp.'s (NYSE:EGN) valuation is in line with its performance realities, Wells Fargo (NYSE:WFC) downgraded them from "Outperform" to "Market Perform."

"We believe Energen is an attractively valued diversified energy company, the growth of which is primarily tied to its E&P business. EGN's strategy is designed to use its low leverage, liquidity, and free cash flow to opportunistically acquire and develop oil and gas assets. We think shares appeal to both energy and utility investors looking for a lower-risk way to gain exposure to commodities. In addition, EGN's modest dividend is largely supported by its gas utility," said Wells.

Energen closed Thursday at $44.65, losing $1.27, or 2.77 percent. Wells lowered their valuation range on them from $52-$54 to $51-$53.