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Tuesday, January 3, 2012

OceanFirst (OCFC) (PER) (PETD) (CLP) (CMG) (CTSH) Ratings, Price Targets

OceanFirst Financial Corp., Inc. (NASDAQ: OCFC), SandRidge Permian Trust (NYSE: PER), Petroleum Development Co. (NASDAQ: PETD), Colonial Properties (NYSE: CLP), Chipotle Mexican Grill, Inc. (NYSE: CMG) and Cognizant (NASDAQ: CTSH) ratings and price targets.

OceanFirst Financial Corp., Inc. (OCFC) was downgraded by Sterne Agee from a “buy” rating to a “neutral” rating.

SandRidge Permian Trust (PER) was downgraded by Raymond James (NYSE:RJF) to an “outperform” rating.

Petroleum Development Co. (PETD) was downgraded by Canaccord Genuity from a “buy” rating to a “hold” rating. They have a price target of $39.00 on the firm, down from $41.00.

Colonial Properties (CLP) was upgraded by BMO Capital Markets from an “underperform” rating to a “market perform” rating.

Chipotle Mexican Grill, Inc. (CMG) was upgraded by Deutsche Bank (NYSE:DB) from a “hold” rating to a “buy” rating.

Cognizant (CTSH) was upgraded by Nomura (NYSE:NMR) from a “neutral” rating to a “buy” rating.

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