Analysts Upgrades and Downgrades: TSRX, TJX, FMC, RAM
Friday, December 23, 2021 9:37 AM



As the U.S. market started the week’s last trading day on a positive note, several stocks were either downgraded or initiated with a new coverage by analysts and rating agencies. Some notable stocks are discussed here.

Analysts at brokerage firm Robert W Baird initiated Outperform rating on the shares of Trius Therapeutics, Inc. (Nasdaq: TSRX), a leading biopharmaceutical company, with a price target of $13. They state that they view TSRX as a very high quality company and recently de-risked story. Lead product tedizolid has a good chance to achieve a differentiated profile and carve-out a nice place in the MRSA hospital infections market, they add. Shares of TSRX gained 4.57 percent, or $0.32, to trade at $7.20.

The TJX Cos. Inc. (NYSE: TJX), which operates as an off-price apparel and home fashions retailer in the U.S., is initiated with a Buy rating by analysts at Collins Stewart, with a price target of $75. They believe that TJX has a competitive advantage versus many full-price retailers in the current operating climate. The company has recently been stocking stores with an abundance of high-quality product, and its value offerings continue to resonate with budget-conscious shoppers during a slow economic recovery. Shares of TJX added 0.08 percent, or $0.06, to trade at $64.30.

FMC Corp. (NYSE: FMC), a chemical company serving agricultural, consumer and industrial markets with solutions, applications and products, gets a Buy rating from equities research analysts at Longbow Research, with a price target of $100, up from $95. FMC appoints Kenneth A Gedaka as the new Vice President, Corporate Communications. Shares of  FMC were down 0.17 percent, or $0.15, to trade at $86.52.

RAM Energy Resources, Inc. (Nasdaq: RAM), an independent oil and natural gas company, is downgraded to Market Perform from Market Outperform by analysts at Rodman & Renshaw. Yesterday, RAM announced an agreement with privately held Halcon Resources for a $550 million recapitalization as it seeks to expand its operations. Shares of RAM added 3.48 percent, or $0.05, to trade at $2.06.

 

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