Dynegy (DYN) (FGP) (PTEN) (ARII) (MAIN) (FSBI) (GIS) Downgraded

Dynegy Inc. (DYN), Ferrellgas Partners (FGP), Patterson-UTI (PTEN), American Railcar Industries (ARII), Main Street Capital Co. (MAIN), Fidelity Bancorp Inc (FSBI) and General Mills (GIS) were downgraded by analysts.

BTIG downgraded Dynegy Inc. (DYN) from a "Buy" rating to a "Neutral" rating.

Wells Fargo & Co. downgraded Ferrellgas Partners (FGP) from a "Market Perform" rating to a "Underperform" rating.

Miller Tabak downgraded Patterson-UTI (PTEN) from a "Buy" rating to a "Sell" rating.

KeyBanc downgraded American Railcar Industries (ARII) from a "Buy" rating to a "Hold" rating.

Morgan Keegan downgraded Main Street Capital Co. (MAIN) from an "Outperform" rating to a "Market Perform" rating.

TheStreet downgraded Fidelity Bancorp (FSBI) to a "Sell" rating.

Goldman Sachs downgraded General Mills (GIS) from a "Buy" rating to a "Neutral" rating.

Onyx (ONXX) (IMUC) (MATW) (MGI) (PTEN) Get New Coverage

Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX), ImmunoCellular Therapeutics Ltd (NASDAQ: IMUC), Matthews International Co. (NASDAQ: MATW), MoneyGram International, Inc. (NYSE: MGI) and Patterson-UTI (NASDAQ: PTEN) getting new coverage from analysts.

Rodman & Renshaw initiated coverage on Onyx Pharmaceuticals, Inc. (ONXX). They placed an “Outperform” rating and a price target of $62.00 on the company.

Global Hunter Securities initiated coverage on ImmunoCellular Therapeutics Ltd (IMUC). They placed a “Buy” rating and a price target of $5.00 on the company.

CJS Securities initiated coverage on Matthews International Co. (MATW). They placed an “Outperform” rating on the company.

JMP Securities initiated coverage on MoneyGram International, Inc. (MGI). They placed an “Outperform” rating on the company.

Stephens initiated coverage on Patterson-UTI (PTEN). They placed an “Overweight” rating on the company.

PPL (PPL) (PTEN) (AMR) (CCRN) (DDAIF) (DDS) Downgraded

PPL Co. (NYSE: PPL), Patterson-UTI (NASDAQ: PTEN), AMR Co. (NYSE: AMR), Cross Country Healthcare Inc. (NASDAQ: CCRN), Daimler AG (NASDAQ: DDAIF) and Dillard’s Inc. (NYSE: DDS) were downgraded by analysts.

PPL Co. (PPL) was downgraded by Barclays Capital from an “Overweight” rating to an “Equal Weight” rating.

Patterson-UTI (PTEN) was downgraded by Jefferies (NYSE:JEF) from a “Buy” rating to a “Hold” rating. They have a price target of $22.00 on the company.

AMR Co. (AMR) was downgraded by Maxim Group from a “Hold” rating to a “Sell” rating.

Cross Country Healthcare Inc. (CCRN) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

Daimler AG (DDAIF) was downgraded by Deutsche Bank (NYSE:DB) from a “Buy” rating to a “Hold” rating.

Dillard’s Inc. (DDS) was downgraded by Sterne Agee from a “Buy” rating to a “Neutral” rating. They have a price target of $47.00 on the company.

Sprint (S) (PTEN) (UNP) (TRMB) (SIMG) (OXY) Upgraded

Sprint Nextel (NYSE: S), Patterson-UTI (NASDAQ: PTEN), Union Pacific (NYSE: UNP), Trimble Navigation (NASDAQ: TRMB), Silicon Image, Inc. (NASDAQ: SIMG) and Occidental Petroleum Co. (NYSE: OXY) upgraded by analysts.

Sprint Nextel (S) was upgraded by Macquarie from an “Underperform” rating to a “Neutral” rating.

Patterson-UTI (PTEN) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Union Pacific (UNP) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

Trimble Navigation (TRMB) was upgraded by Canaccord Genuity from a “Hold” rating to a “Buy” rating. They have a price target of $53.00 on the company, up from $52.00.

Silicon Image, Inc. (SIMG) was upgraded by Merriman Curhan Ford from a “Neutral” rating to a “Buy” rating.

Occidental Petroleum Co. (OXY) was upgraded by Societe Generale from a “Hold” rating to a “Buy” rating.

Potash (POT) (MJN) (LIFE) (NBL) (ODFL) (PTEN) Price Targets Changed

Mead Johnson Nutrition (NYSE: MJN), Life Technologies Corporation (NASDAQ: LIFE), Noble Energy (NYSE: NBL), Old Dominion (NASDAQ: ODFL), Potash Corp (NYSE: POT) and Patterson-UTI (NASDAQ: PTEN) price targets adjusted by analysts.

Mead Johnson Nutrition (MJN) had its price target raised by RBC Capital from $75.00 to $81.00. They have an “Outperform” rating on the company.

Life Technologies Corporation (LIFE) had its price target lowered by Barclays Capital from $61.00 to $55.00. They have an “Overweight” rating on the company.

Noble Energy (NBL) had its price target raised by Barclays Capital from $112.00 to $119.00. They have an “Overweight” rating on the company.

Old Dominion (ODFL) had its price target raised by RBC Capital from $43.00 to $48.00. They have an “Outperform” rating on the company.

Potash Corp. (POT) had its price target raised by UBS AG (NYSE:UBS) from $72.00 to $75.00. They have a “Buy” rating on the company.

Patterson-UTI (PTEN) had its price target raised by UBS AG from $34.00 to $36.00. They have a “Neutral” rating on the company.

Price Targets on (PPL) (PTEN) (RA) (RAS) (SIMO) Updated by Analysts

PPL Co. (NYSE: PPL), Patterson-UTI (NASDAQ: PTEN), RailAmerica, Inc. (NYSE: RA), RAIT Financial Trust (NYSE: RAS) and Silicon Motion Technology Corp. (NASDAQ: SIMO) get price targets updated today by analysts.

Jefferies (NYSE:JEF) raised their price target on PPL Co. (PPL) from $30.00 to $32.00.

Dahlman Rose raised their price target on Patterson-UTI (PTEN) from $34.00 to $40.00. They have a “buy” rating on the company.

Deutsche Bank (NYSE:DB) raised their price target on RailAmerica, Inc. (RA) to $16.00. They have a “hold” rating on the company.

FBR Capital raised their price target on RAIT Financial Trust (RAS) from $1.50 to $2.50. They have a “market perform” rating on the company.

Wedbush raised their price target on Silicon Motion Technology Corp. (SIMO) from $7.50 to $12.00. They have an “outperform” rating on the company.

Price Targets on (PNRA) (POT) (PTEN) (QLIK) (RIMM) Updated

Price targets on Panera Bread Company (NASDAQ: PNRA), Potash Corp (NYSE: POT), Patterson-UTI (NASDAQ: PTEN), Qlik Technologies Inc (NASDAQ: QLIK) and Research In Motion (NASDAQ: RIMM) get updated.

Morgan Keegan raised their price target on shares of Panera Bread Company (PNRA) from $125.00 to $135.00. They have an “outperform” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) cut their price target on Potash Corp (POT) from $64.50 to $64.00.

UBS AG (NYSE:UBS) raised their price target on Patterson-UTI (PTEN) from $29.00 to $34.00. They have a “neutral” rating on the company.

UBS AG raised their price target on Qlik Technologies Inc (QLIK) from $31.00 to $34.00. They have a “buy” rating on the company.

Deutsche Bank (NYSE:DB) cut their price target on Research In Motion (RIMM) from $50.00 to $45.00. They have a “sell” rating on the company.

Upgrades for (MSA) (OIS) (PG) (PTEN) (SMBL) Ratings

Analysts upgraded Mine Safety Appliances (NYSE: MSA), Oil States International, Inc. (NYSE: OIS), Procter & Gamble (NYSE: PG), Patterson-UTI (NASDAQ: PTEN) and Smart Balance Inc (NASDAQ: SMBL) today.

Robert W. Baird upgraded Mine Safety Appliances (MSA) from a “neutral” rating to an “outperform” rating. They have a price target of $44.00 on the company, up from $39.00.

Global Hunter Securities upgraded Oil States International, Inc. (OIS) from an “accumulate” rating to a “buy” rating. They have a price target of $97.00 on the company.

Deutsche Bank (NYSE:DB) upgraded Procter & Gamble (PG) from a “hold” rating to a “buy” rating. They have a price target of $72.00 on the company.

Howard Weil upgraded shares of Patterson-UTI (PTEN) from a “market perform” rating to an “outperform” rating. They have a price target of $38.00 on the company, up from $32.00.

Janney Montgomery Scott upgraded Smart Balance Inc (SMBL) from a “neutral” rating to a “buy” rating.

Analyst Upgrades for (LYV) (NCI) (NOV) (NSC) (PTEN)

Live Nation Entertainment, Inc. (NYSE: LYV), Navigant Consulting Inc (NYSE: NCI), Varco, Inc. (NYSE: NOV), Norfolk Southern Corp. (NYSE: NSC) and Patterson-UTI (NASDAQ: PTEN) received upgrades from analysts.

Stifel Nicolaus upgraded Live Nation Entertainment, Inc. (LYV) from a “hold” rating to a “buy” rating. They have a price target of $13 on the company.

Craig Hallum upgraded Navigant Consulting Inc (NCI) from an “accumulate” rating to a “buy” rating.

Citigroup (NYSE:C) upgraded National-Oilwell Varco, Inc. (NOV) from a “hold” rating to a “buy” rating. They have a price target of $92 on the firm, up from $78.

Sterne Agee upgraded Norfolk Southern Corp. (NSC) from a “neutral” rating to a “buy” rating. They have a price target of $76 on the company.

Goldman Sachs (NYSE:GS) upgraded Patterson-UTI (PTEN) from a “sell” company.

Move Into Pioneer (PDC) (UDRL), Out of Bronco (BRNC) Says Global

Global Hunter Securities downgraded Bronco Drilling (NYSE:BRNC) from "Accumulate" to "Neutral" after receiving a takeover bid from Chesapeake Energy (NYSE:CHK).

Global says, "Last Friday, BRNC announced Chesapeake Energy (NYSE: CHK) is acquiring it for $315 million, or $11 per share. The valuation metrics work out to 1.02x BV, 6.9x and 5.1x our 2011 and 2012 EBITDA estimates, respectively, and -$14.3 million per rig, which implies zero value for Bronco MX or Challenger Ltd. CHK is currently BRNC’s second largest customer, operating three rigs. CHK intends to integrate the 22 rigs into its subsidiary, Nomac Drilling, for which CHK operates 90 of its 95 rigs. We believe that many of these rigs will likely be working for CHK in the Powder River and DJ Basins, after completing their current term contracts, where the company recently inked a joint venture with CNOOC (NYSE:CEO) and in the Mississippian horizontal oil play in the northern Anadarko Basin."

"We do not expect a third party to come in with a higher bid for BRNC. We believe that Helmerich & Payne (NYSE:HP) has no interest in running a rig outside of a FlexRig, and Nabors (NYSE:NBR) and Patterson-UTI (Nasdaq:PTEN) are more likely to spend the incremental $4-5 million to build a rig rather than pay the implied $14.3 million per unit CHK is spending for BRNC. We feel the same way for the smaller-cap drillers and do not believe any other operators have an interest in spending over $300 million to guarantee they have rigs to meet anticipated drilling programs and hedge against rate increases."

"Rotate into Pioneer (NYSE:PDC) and Union (Nasdaq:UDRL). Up nearly 70% and 64% YTD, we think these stocks still have plenty of room to run."

Global Hunter Securities lowered its price target on Bronco from $13.50 to $11.

Nabors (NBR) (HP) (PTEN) (COP) As Oil Prices Break $111

The soaring price of oil, which topped $111 a barrel today, is pushing up the share price of Nabors Industries (NYSE:NBR), Helmerich & Payne (NYSE:HP), Patterson-UTI Energy (NASDAQ:PTEN) and ConocoPhillips (NYSE:COP).

Crude futures for West Texas Intermediate crude (CLK11) jumped to break $111 a barrel, up about $5 over the past week.

“U.S. land drilling contractors should be a major beneficiary of the forecast increase in horizontal drilling,” Macquarie analysts said in a note to clients, which raised its outlook on Nabors Industries (NYSE:NBR), Helmerich & Payne (NYSE:HP) and Patterson-UTI Energy (NASDAQ:PTEN).

The NYSE Arca Oil Index (XOI) rose by 0.7% to 1,394. That’s the index’s highest level since the record run of oil prices fueled an all-time record of 1,570 almost three years ago.

Nabors Industries was trading at $31.82, gaining $1.32, or 4.33 percent, as of 2:00 PM EDT. Helmerich & Payne was trading at $69.54, gaining $2.04, or 3.02 percent. Patterson-UTI Energy was at $29.30, up $1.27, or 4.55 percent. ConocoPhillips was trading at $81.02, rising $0.62, or 0.77 percent.