Roche (RHHBY), Rubicon Technology (RBCN), Statoil (STO), AXIS Capital (AXS), PNM Resources (PNM), Hallador Energy (HNRG), Bally Technologies (BYI) were upgraded or downgraded by analysts.
Rubicon Technology (RBCN) upgraded to Neutral from Underperform at Sterne Agee. Sterne Agee upgraded Rubicon based on valuation. Price target raised to $9 from $6.
Statoil (STO) downgraded to Neutral from Buy at Goldman.
AXIS Capital (AXS) upgraded to Outperform from Market Perform at Keefe Bruyette. Keefe Bruyette upgraded AXIS Capital citing valuation and the company's growth opportunities. The firm raised its price target for shares to $42 from $35.
PNM Resources (PNM) downgraded to Market Perform from Outperform at Wells Fargo. Wells Fargo downgraded PNM Resources citing valuation and concerns about the New Mexico regulatory environment. The firm lowered its target range for shares to $17.50-$18.50 from $18.50-$19.50.
Hallador Energy (HNRG) initiated with a Hold at Dahlman Rose.
Bally Technologies (BYI) upgraded to Overweight from Neutral at JP Morgan.They Price target raised to $47 from $35.
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