Davenport

Davenport raised its rating on Walter Energy (NYSE: WLT) from Neutral to Buy and established a $42 price target. Davenport noted, "The upgrade is based on our view that WLT's valuation multiple will peak in 2013, driven by a recovery in met coal prices. We expect a rebound in met prices will...

Davenport raised its rating on CONSOL Energy (NYSE: CNX) from Neutral to Buy and increased its price target from $33 to $40. Davenport commented, " The upgrade is based on our view that CNX's valuation multiple will peak in 2013, driven by a recovery in met coal prices and increased focus on the...

Davenport has downgraded Reynolds American (NYSE: RAI) from Buy to Neutral.

Davenport has downgraded Philip Morris (NYSE: PM) from Buy to Neutral.

This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated with increased volatility in securities, price movements based on unofficial information may change quickly based on increased speculation,...

Davenport has initiated coverage on City Holding Company (NASDAQ: CHCO) with a Neutral rating.

Davenport Downs HRL To Neutral Analysts at Davenport downgrade Hormel Foods Corporation (NYSE: HRL) from “buy” to “neutral.” HRL shares closed at $27.93 yesterday. More Analyst Ratings here

Davenport upgrades Healthcare Realty (NYSE: HR) from Neutral to Buy.

Davenport has raised the price target for TransDigm Group Incorporated (NYSE: TDG) from $70 to $74 and reiterates its Buy rating.

Fortune Brands (NYSE: FO) has been downgraded from Buy to Neutral by Davenport.

Davenport upgraded Peabody Energy (NYSE: BTU) from “neutral” to “buy.” The target price for BTU is set to $55. Davenport said management execution at BTU has improved. The company is also producing additional met coal and its valuation is attractive at present. BTU has gained 2.03% so far in the...