Suncor (SU) (NXY) (FL) (FINL) (MHS) (JWN) Ratings, Price Targets

Suncor Energy (NYSE:SU), Nexen (NYSE:NXY), Foot Locker (NYSE:FL), Finish Line (NASDAQ:FINL), Medco Health Solutions (NYSE:MHS) and Nordstrom (NYSE:JWN) had ratings and price targets on them adjusted by analysts.

Suncor Energy (SU) was upgraded by Stifel Nicolaus from a "Hold" rating to a "Buy" rating. They have a price target of $42.00 on the company.

Nexen (NXY) was upgraded by Raymond James (NYSE:RJF) from a "Market Perform" rating to an "Outperform" rating.

Deutsche Bank (NYSE:DB) initiated coverage on Foot Locker (FL). They have a "Hold" rating on the company.

Deutsche Bank initiated coverage on Finish Line (FINL). They have a "Hold" rating and a price target of $28.00 on the company.

Medco Health Solutions (MHS) was downgraded by Morgan Stanley (NYSE:MS) from an "Overweight" rating to an Equal Weight" rating.

Nordstrom (JWN) was downgraded by Crédit Agricole from a "Buy" rating to an "Underperform" rating.

Analyst Downgrades for (LOOP) (MBLX) (MDP) (NAT) (NXY)

Analysts downgraded LoopNet, Inc. (NASDAQ: LOOP), Metabolix Inc (NASDAQ: MBLX), Meredith Corporation (NYSE: MDP), Nordic American Tanker Shipping (NYSE: NAT) and Nexen Inc. (NYSE: NXY) today.

SunTrust (NYSE:STI) downgraded LoopNet, Inc. (LOOP) from a “buy” rating to a “neutral” rating.

Piper Jaffray downgraded Metabolix Inc (MBLX) from a “neutral” rating to an “underweight” rating. They have a price target of $7 on the company, down from $9.

The Benchmark Company downgraded Meredith Corporation (MDP) from a “buy” rating to a “hold” rating. They have a price target of $37 on the stock, down from $41.

Goldman Sachs (NYSE:GS) downgraded Nordic American Tanker Shipping (NAT) from a “buy” rating to a “neutral” rating.

TD Newcrest downgraded Nexen Inc. (NXY) from a “buy” rating to a “hold” rating.

Bank of America (BAC) Overseeing Nexen (NXY) Shale Gas Partner Search

Nexen (NYSE:NXY) has enlisted Bank of America (NYSE:BAC) to help them search for a joint venture partner for its Horn River, Cordova and Liard projects in British Columbia.

while natural gas prices are subdued now, Nexen, along with others, are positioning themselves for when the inevitable price rebound begins, as gas prices appear to have bottomed out; although they could remain level for some time.

CEO Marvin Romanow said, "We anticipate that the process could take anywhere from being completed this summer to being completed late in the year."

The Horn River and Cordova properties have an estimated range of 5-14 trillion cubic feet of natural gas, while the Liard Basin could even have more reserves.

A deal could be for one or any combination of the three, said Romanow.

Nexen was trading in New York at $24.43, down $0.17, or 0.70 percent, as of 1:28 PM EST.

Nexen Inc.'s (NYSE:NXY) Next Catalyst Should be Yemen Contract

After selling its stake in Canexus Income Fund, Canaccord sees the next catalyst for Nexen Inc. (NYSE:NXY) being an extension of its contract in Yemen.

Canaccord says, "We are adjusting our estimates to reflect a successful offering and NXY no longer having interest in Canexus. Our 2011 EPS/CFPS estimates decrease to $1.55/$4.95 from the previous $1.60 and $5.05 per share, respectively...For NXY, the next potential event to watch for is the possible extension of its contract in Yemen, which is scheduled to end at year-end 2011."

Canaccord Genuity reiterates a "Hold" rating on Nexen Inc. (NXY), which closed Wednesday at $24.42, gaining $0.07, or 0.29 percent.