Wall St. Watchdog reveals information about companies for which stock analysts either upgraded or downgraded the shares on February 3rd.

Upgrades

Natl Oilwell Varco (NYSE:NOV): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target from $78 to $90.

Rowan Cos (NYSE:RDC): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target from $36 to $46.

Atwood Oceanics (NYSE:ATW): Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target from $47 to $56.

Arctic Cat (NASDAQ:ACAT): Feltl & Co. upgraded its rating on this company from Buy to Strong Buy and changed its price target from $37 to $46.

Riddell Sports Inc. (RDL): BB&T Capital Mkts upgraded its rating on this company from Hold to Buy and changed its price target to $50.

Hercules Tech (NASDAQ:HTGC): Stifel Nicolaus upgraded its rating on this company from Hold to Buy and changed its price target to $11.5.

Urban Outfitters (NASDAQ:URBN): Janney Mntgmy Scott upgraded its rating on this company from Neutral to Buy and changed its price target to $31.

Tetra Tech (NASDAQ:TTEK): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $26 to $30.

Peet’s Coffee (NASDAQ:PEET): Robert W. Baird upgraded its rating on this company from Neutral to Outperform and changed its price target from $61 to $76.

Downgrades

Intl Paper (NYSE:IP): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $35 to $34.

Commvault Systems (NASDAQ:CVLT): RBC Capital Mkts downgraded its rating on this company from Top Pick to Outperform and changed its price target from $52 to $54.

CarMax (NYSE:KMX): RBC Capital Mkts downgraded its rating on this company from Outperform to Sector Perform and changed its price target from $36 to $34.

Novellus (NASDAQ:NVLS): DA Davidson downgraded its rating on this company from Buy to Neutral and changed its price target from $44 to $52.

Merck (NYSE:MRK):  MKM Partners downgraded its rating on this company from Buy to Neutral and changed its price target from $42 to $40.

Renren (NYSE:RENN): Maxim Group downgraded its rating on this company from Hold to Sell and changed its price target to $4.5.

Sally Beauty (NYSE:SBH): Caris & Company downgraded its rating on this company from Buy to Above Average and changed its price target to $26.

ATP Oil & Gas (NASDAQ:ATPG): Rodman & Renshaw downgraded its rating on this company from Mkt Outperform to Mkt Perform.

NetSuite (NYSE:N): Feltl & Co. downgraded its rating on this company from Buy to Hold and changed its price target from $45 to $48.

Marathon Oil (NYSE:MRO): Argus downgraded its rating on this company from Buy to Hold.

Horizon Technology Finance (NASDAQ:HRZN): Stifel Nicolaus downgraded its rating on this company from Buy to Hold.

Badger Meter (NYSE:BMI): Northland Securities downgraded its rating on this company from Outperform to Market Perform.

Acme Packet (NASDAQ:APKT): Needham downgraded its rating on this company from Buy to Hold. Mizuho downgraded its rating on this company from Neutral to Underperform and changed its price target from $25 to $18.

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To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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