CRH Plc. (CRH), Siemens (SI), Sasol (SSL), First Niagara (FNMG) , Alcatel-Lucent (ALU), Sirius XM (SIRI), Diamond Offshore (DO), Polycom (PLCM), Duke Energy (DUK) were upgraded or downgraded by analysts.
Siemens (SI) downgraded to Neutral from Overweight at JP Morgan.
Sasol (SSL) initiated with an Underweight at HSBC.
First Niagara (FNMG) downgraded to Market Perform from Outperform at Keefe Bruyette.They downgraded First Niagara with a $10 price target citing the company's capital raise and more subdued outlook.
Sirius XM (SIRI) initiated with a Buy at Citigroup.Citigroup cites Sirius XM's solid free cash growth and the potential for equity shrink beginning in the second half of 2012 for its Buy rating. The firm set a $2.20 price target for shares.
Diamond Offshore (DO) downgraded to Neutral from Buy at Citigroup.They downgraded Diamond Offshore citing less upside potential from rig re-pricings and new builds. The firm dropped its price target for shares to $62 from $75.
Polycom (PLCM) initiated with a Neutral at Goldman Target $19.
Duke Energy (DUK) upgraded to Market Perform from Underperform at FBR Capital.They upgraded Duke Energy with a $21 price target citing the company's position in the current environment.
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