Schlumberger (NYSE: SLB), Air Products & Chemicals, Inc. (NYSE: APD), Honeywell International Inc. (NYSE: HON) and Amazon.com, Inc. (NASDAQ: AMZN) had new ratings reiteration and price targets adjusted by analysts.
Schlumberger (SLB) had its price target lowered by Morgan Keegan to $90.00.
Air Products & Chemicals, Inc. (APD) had its price target lowered by Jefferies (NYSE:JEF) to $101.00.
Honeywell International Inc. (HON) had its price target raised by FBR Capital from $57.00 to $59.00. They have a “Market Perform” rating on the company.
The Benchmark Company reiterated its "Overweight" rating on Amazon.com, Inc. (AMZN).
Tuesday, October 25, 2011
Monday, October 24, 2011
Newfield (NFX) (ALTR) (BAX) (FSL) (MXIM) (INFA) (ESI) Price Targets Changed
Newfield Exploration Co. (NYSE: NFX), Altera (NASDAQ: ALTR), Baxter International Inc. (NYSE: BAX), Freescale Semi (NYSE: FSL), Maxim Integrated Products Inc. (NASDAQ: MXIM), Informatica Co. (NASDAQ: INFA) and ITT Educational Services Inc. (NYSE: ESI) had price targets on them adjusted by analysts.
Newfield Exploration Co. (NFX) had its price target lowered by Jefferies (NYSE:JEF) to $44.00.
Altera (ALTR) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $29.00.
Baxter International Inc. (BAX) had its price target lowered by Piper Jaffray (NYSE:PJC) to $69.00.
Freescale Semi (FSL) had its price target lowered by JPMorgan Chase & Co. to $16.00.
Maxim Integrated Products Inc. (MXIM) had its price target lowered by Needham & Company to $29.00.
Informatica Co. (INFA) had its price target lowered by Morgan Keegan to $45.00.
ITT Educational Services Inc. (ESI) had its price target lowered by Piper Jaffray to $80.00.
Newfield Exploration Co. (NFX) had its price target lowered by Jefferies (NYSE:JEF) to $44.00.
Altera (ALTR) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $29.00.
Baxter International Inc. (BAX) had its price target lowered by Piper Jaffray (NYSE:PJC) to $69.00.
Freescale Semi (FSL) had its price target lowered by JPMorgan Chase & Co. to $16.00.
Maxim Integrated Products Inc. (MXIM) had its price target lowered by Needham & Company to $29.00.
Informatica Co. (INFA) had its price target lowered by Morgan Keegan to $45.00.
ITT Educational Services Inc. (ESI) had its price target lowered by Piper Jaffray to $80.00.
Thursday, October 20, 2011
Juniper (JNPR) (INTC) (CREE) (HOG) (HSP) (ISRG) Price Targets Changed
Juniper Networks (NASDAQ: JNPR), Intel (NASDAQ: INTC), Cree, Inc. (NASDAQ: CREE), Harley-Davidson, Inc. (NYSE: HOG), Hospira, Inc. (NYSE: HSP) and Intuitive Surgical, Inc. (NASDAQ: ISRG) had their price targets adjusted by analysts.
Juniper Networks (JNPR) had its price target lowered by Credit Suisse (NYSE:CS) to $25.00. They have a “Neutral” rating on the company.
Intel (NASDAQ: INTC) had its price target raised by FBR Capital from $27.00 to $29.00. They have a “Market Perform” rating on the company.
Cree, Inc. (CREE) had its price target lowered by Morgan Keegan to $43.00.
Harley-Davidson, Inc. (HOG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $38.00.
Hospira, Inc. (HSP) had its price target lowered by RBC Capital from $44.00 to $36.00. They have a “Sector Perform” rating on the company.
Intuitive Surgical, Inc. (ISRG) had its price target raised by analysts at Goldman Sachs (NYSE:GS) to $412.00. They have a “Neutral” rating on the company.
Juniper Networks (JNPR) had its price target lowered by Credit Suisse (NYSE:CS) to $25.00. They have a “Neutral” rating on the company.
Intel (NASDAQ: INTC) had its price target raised by FBR Capital from $27.00 to $29.00. They have a “Market Perform” rating on the company.
Cree, Inc. (CREE) had its price target lowered by Morgan Keegan to $43.00.
Harley-Davidson, Inc. (HOG) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $38.00.
Hospira, Inc. (HSP) had its price target lowered by RBC Capital from $44.00 to $36.00. They have a “Sector Perform” rating on the company.
Intuitive Surgical, Inc. (ISRG) had its price target raised by analysts at Goldman Sachs (NYSE:GS) to $412.00. They have a “Neutral” rating on the company.
Halliburton (HAL) (AAPL) (INTC) (YHOO) (JNJ) (JNPR) Ratings and PTs
Halliburton (NYSE: HAL), Apple, Inc (NASDAQ: AAPL), Intel (NASDAQ: INTC), Yahoo! Inc. (NASDAQ: YHOO), Johnson & Johnson (NYSE: JNJ) and Juniper Networks (NASDAQ: JNPR) ratings and reiterations.
Halliburton (NYSE: HAL) had its price target lowered by Miller Tabak to $55.00. They have a “Buy” rating on the company.
JPMorgan Chase & Co. reiterated its “Overweight” rating on Apple, Inc (AAPL).
Lazard Capital reiterated its “Neutral” rating on Intel (INTC).
Morgan Stanley (NYSE:MS) reiterated its “Equal Weight” rating on Yahoo! Inc. (YHOO). They have a price target of $16.00 on the company.
Morgan Stanley reiterated its “Equal Weight” rating on Johnson & Johnson (JNJ).
Oppenheimer reiterated its “Market Perform” rating on Juniper Networks (JNPR).
Halliburton (NYSE: HAL) had its price target lowered by Miller Tabak to $55.00. They have a “Buy” rating on the company.
JPMorgan Chase & Co. reiterated its “Overweight” rating on Apple, Inc (AAPL).
Lazard Capital reiterated its “Neutral” rating on Intel (INTC).
Morgan Stanley (NYSE:MS) reiterated its “Equal Weight” rating on Yahoo! Inc. (YHOO). They have a price target of $16.00 on the company.
Morgan Stanley reiterated its “Equal Weight” rating on Johnson & Johnson (JNJ).
Oppenheimer reiterated its “Market Perform” rating on Juniper Networks (JNPR).
Tuesday, October 18, 2011
BP (BP) Keeps Moody (MCO) Rating After Settling with Anadarko (APC)
After BP's (NYSE:BP) settlement with Anadarko (NYSE:APC), Moody's (NYSE:MC) said it is maintaining its A2 rating and stable outlook on the company.
Moody's Senior Credit Officer Francois Lauras said, "Clearly the settlement falls short of a full pro-rata recovery of the costs already incurred or provided for by BP in connection with the Macondo accident. Nevertheless, it is within the range of outcomes that we have factored into the group's A2 rating."
Lauras added it shores up BP's assertion its contractors and partners bear responsibility in the failure of the Macondo oil well.
Major companies left to come to a settlement with BP are Halliburton (NYSE:HAL), Transocean (NYSE:RIG) and Cameron International (NYSE:CAM). Weathorford International (NYSE:WFT) and Mitsui have already entered into an agreement with BP.
BP was trading at $40.72, gaining $0.55, or 1.37 percent, as of 2:03 PM EDT.
Moody's Senior Credit Officer Francois Lauras said, "Clearly the settlement falls short of a full pro-rata recovery of the costs already incurred or provided for by BP in connection with the Macondo accident. Nevertheless, it is within the range of outcomes that we have factored into the group's A2 rating."
Lauras added it shores up BP's assertion its contractors and partners bear responsibility in the failure of the Macondo oil well.
Major companies left to come to a settlement with BP are Halliburton (NYSE:HAL), Transocean (NYSE:RIG) and Cameron International (NYSE:CAM). Weathorford International (NYSE:WFT) and Mitsui have already entered into an agreement with BP.
BP was trading at $40.72, gaining $0.55, or 1.37 percent, as of 2:03 PM EDT.
Brigham (BEXP) (EP) (PNY) (GXP) (LKQX) (LPX) Ratings Changes
Brigham Exploration (NASDAQ: BEXP), El Paso Corporation (NYSE: EP), Piedmont Natural Gas (NYSE: PNY), Great Plains Engy (NYSE: GXP), LKQ Co. (NASDAQ: LKQX) and Louisiana-Pacific Co. (NYSE: LPX) had ratings on them adjusted by analysts.
Brigham Exploration (BEXP) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $37.00 on the company.
El Paso Corporation (EP) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Piedmont Natural Gas (PNY) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Great Plains Energy (GXP) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
LKQ Co. (LKQX) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Louisiana-Pacific Co. (LPX) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Brigham Exploration (BEXP) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $37.00 on the company.
El Paso Corporation (EP) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Piedmont Natural Gas (PNY) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Great Plains Energy (GXP) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
LKQ Co. (LKQX) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Louisiana-Pacific Co. (LPX) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.
Monday, October 17, 2011
Anadarko (APC) Pays BP (BP) $4 Billion
For its part in the Gulf oil spill, Anadarko Petroleum (NYSE:APC) has agreed to pay BP (NYSE:BP) $4 billion, higher than the $2.66 billion analysts had been looking for.
Also of importance for BP, Anadarko also agreed to drop its gross negligence charge against the oil giant.
Expectations are this will put pressure on Transocean (NYSE:RIG) and Halliburton (NYSE:HAL) to settle with BP.
BP will receive the $4 billion in a single cash payment. They'll apply the money towards the $20 billion compensation fund set up to pay out claims.
For its part, BP agreed to drop its $6.1 billion claim it had against Anadarko.
Mitsui, which had a 10 percent stake the Macondo oil well, already agreed to pay BP $1.1 billion.
According to Anakdarko's CEO Jim Hackett, the settlement will get rid of the "significant uncertainty regarding future liabilities and associated risks" which have weighed on the share price of the company over the last year and a half.
Also of importance for BP, Anadarko also agreed to drop its gross negligence charge against the oil giant.
Expectations are this will put pressure on Transocean (NYSE:RIG) and Halliburton (NYSE:HAL) to settle with BP.
BP will receive the $4 billion in a single cash payment. They'll apply the money towards the $20 billion compensation fund set up to pay out claims.
For its part, BP agreed to drop its $6.1 billion claim it had against Anadarko.
Mitsui, which had a 10 percent stake the Macondo oil well, already agreed to pay BP $1.1 billion.
According to Anakdarko's CEO Jim Hackett, the settlement will get rid of the "significant uncertainty regarding future liabilities and associated risks" which have weighed on the share price of the company over the last year and a half.
BP (BP) Expanding North Sea Oilfields
BP (NYSE:BP) has been given permission to invest about £4bn in the North Sea off of Shetland in order to develop a giant oil field.
British Prime Minister David Cameron supports the effort saying, "We should be looking to try and make these things happen rather than ruling them out."'
"There are some people who you will never reassure, who quite frankly would probably prefer we weren't recovering oil from any part of the North Sea. I don't think you're going to convince them," Cameron added
This follows on the news BP will be able to bid on leases in the Gulf of Mexico.
BP and CEO Bob Dudley welcomes the news after a series of international setbacks for the company after the Gulf oil spill.
Dudley said: "We have a major presence in the North Sea today, operating around 40 oil and gas fields, four onshore terminals and a network of pipelines that transport almost half of the UK's oil and gas production. And as demonstrated by these announcements, the region still offers competitive, attractive investment opportunities, which we will pursue."
BP closed Friday at $39.88, gaining $1.13, or 2.92 percent.
British Prime Minister David Cameron supports the effort saying, "We should be looking to try and make these things happen rather than ruling them out."'
"There are some people who you will never reassure, who quite frankly would probably prefer we weren't recovering oil from any part of the North Sea. I don't think you're going to convince them," Cameron added
This follows on the news BP will be able to bid on leases in the Gulf of Mexico.
BP and CEO Bob Dudley welcomes the news after a series of international setbacks for the company after the Gulf oil spill.
Dudley said: "We have a major presence in the North Sea today, operating around 40 oil and gas fields, four onshore terminals and a network of pipelines that transport almost half of the UK's oil and gas production. And as demonstrated by these announcements, the region still offers competitive, attractive investment opportunities, which we will pursue."
BP closed Friday at $39.88, gaining $1.13, or 2.92 percent.
Friday, October 14, 2011
BP (BP) Cleared to Bid on Gulf Leases
Saying BP (NYSE:BP) doesn't "have a deeply flawed record offshore," the energy giant was cleared to bid on the next round of leases offered in the Gulf of Mexico in December.
According to Michael Bromwich, who heads up the Bureau of Safety and Environmental Enforcement, it wouldn't be appropriate to keep BP from acquiring new leases to drill offshore in the Gulf.
Bromwich said this at the hearing: "The question is, 'Do you administer the administrative death penalty based on one incident?' and we've concluded that's not appropriate."
Approximately 20 million acres in the western portion of the Gulf of Mexico will be offered in a lease sale in December.
According to Michael Bromwich, who heads up the Bureau of Safety and Environmental Enforcement, it wouldn't be appropriate to keep BP from acquiring new leases to drill offshore in the Gulf.
Bromwich said this at the hearing: "The question is, 'Do you administer the administrative death penalty based on one incident?' and we've concluded that's not appropriate."
Approximately 20 million acres in the western portion of the Gulf of Mexico will be offered in a lease sale in December.
Thursday, October 13, 2011
BP (BP) (HAL) (RIG) Receive Citations
BP (NYSE:BP), Halliburton (NYSE:HAL) and Transocean (NYSE:RIG) received citations from officials for the first time, confirming the companies will ultimately be fined for the oil spill in the Gulf of Mexico.
This isn't a surprise with BP, but under normal circumstances, contractors like Halliburton and Transocean would have avoided being liable in the accident, generating consternation in the industry.
The reasoning for giving the contractors citations was a reflection of "the severity of the incident," according to the Interior Department.
BP responded to the citations against Halliburton and Transocean, which should lead to fines, saying it "makes clear that contractors, like operators, are responsible for properly conducting their deepwater drilling activities and are accountable to the U.S. government and the American public for their conduct."
What is shaking the contractor industry is that it will ultimately result in other parties claiming to be damaged to sue them, including businesses and residents in the region.
Brian Petty, an executive vice president of government affairs at the International Association of Drilling Contractors, noted it will "give a green light for others to go after them—on the same basis and on the same level."
Ultimately this could easily backfire, as insurance companies will without a doubt raise their rates, and that will be passed down across the chain, resulting in higher fuel prices for everybody.
BP has already sued Cameron International (NYSE:CAM), Transocean and Halliburton over the incident.
This isn't a surprise with BP, but under normal circumstances, contractors like Halliburton and Transocean would have avoided being liable in the accident, generating consternation in the industry.
The reasoning for giving the contractors citations was a reflection of "the severity of the incident," according to the Interior Department.
BP responded to the citations against Halliburton and Transocean, which should lead to fines, saying it "makes clear that contractors, like operators, are responsible for properly conducting their deepwater drilling activities and are accountable to the U.S. government and the American public for their conduct."
What is shaking the contractor industry is that it will ultimately result in other parties claiming to be damaged to sue them, including businesses and residents in the region.
Brian Petty, an executive vice president of government affairs at the International Association of Drilling Contractors, noted it will "give a green light for others to go after them—on the same basis and on the same level."
Ultimately this could easily backfire, as insurance companies will without a doubt raise their rates, and that will be passed down across the chain, resulting in higher fuel prices for everybody.
BP has already sued Cameron International (NYSE:CAM), Transocean and Halliburton over the incident.
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