
Accenture PLC (NYSE: ACN) was downgraded to Hold from Buy at Argus. The downgrade is “amid weakening signs in its consulting business and extended conversions of bookings into revenue.”
Blackhawk Network Holdings Inc. (NASDAQ: HAWK) was started as Buy with $28 price target by Argus, as the recent pullback created a favorable entry point.
Cheniere Energy Inc. (NYSEMKT: LNG) and Cheniere Energy Partners L.P. (NYSEMKT: CQP) were both started as Outperform at Credit Suisse, with respective price targets of $38 and $31.
Groupon Inc. (NASDAQ: GRPN) was started as Buy with an $11 price target at Wunderlich.
J.P. Morgan Chase & Co. (NYSE: JPM) was raised to Strong Buy from Outperform at Raymond James.
Linn Energy LLC (NASDAQ: LINE) and Linn Co. LLC (NASDAQ: LNCO) were both downgraded to Neutral from Overweight by J.P. Morgan.
Ryder System Inc. (NYSE: R) was started as Buy with a $72 price target at Wunderlich.
Seagate Technology PLC (NASDAQ: STX) was raised to Equal Weight from Underweight at Barclays.
Transocean Ltd. (NYSE: RIG) was downgraded to Neutral from Buy at Citigroup.
Wells Fargo & Co. (NYSE: WFC) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods.
Jefferies gave a list of transportation stocks to buy for a strong second half of 2013.
While this is not an upgrade or downgrade and outside of the typical research calls, Zynga Inc. (NASDAQ: ZNGA) was reiterated Neutral after new CEO news by Sterne Agee.