Enbridge Inc. (ENB), Great Plains Energy (GXP), Murphy Oil (MUR), Oasis Petroleum Inc. (OAS), Oneok Partners LP (OKS), Targa Resources Investments (TRGP) and Western Refining, Inc. (WNR) had ratings and price targets initiated or adjusted by analysts.
Goldman Sachs downgraded Enbridge Inc. (ENB) from a "Buy" rating to a "Neutral" rating.
Caris & Co. downgraded Great Plains Energy (GXP) from an "Above Average" rating to an "Average" rating.
Deutsche Bank downgraded Murphy Oil (MUR) from a "Buy" rating to a "Hold" rating. They placed a price target of $64.00 on the company.
Deutsche Bank downgraded Oasis Petroleum Inc. (OAS) from a "Buy" rating to a "Hold" rating. They placed a price taret of $37.00 on the company.
Goldman Sachs downgraded Oneok Partners LP (OKS) from a "Neutral" rating to a "Sell" rating.
Tudor Pickering downgraded Targa Resources Investments (TRGP) to a "Hold" rating.
Morgan Stanley downgraded Western Refining, Inc. (WNR) from an "Overweight" rating to an "Equal Weight" rating. They have a price target of $620.00 on the company.
Wednesday, February 29, 2012
Tuesday, February 28, 2012
Concho (CXO) (GXP) (LPI) (WLL) (BRY) (DTE) (SWN) Ratings, Price Targets
Concho Resources Inc. (CXO), Great Plains Energy (GXP), Laredo Petroleum Holdings (LPI), Whiting Petroleum Co. (WLL), Berry Petroleum Comp (BRY), DTE Energy (DTE) and Southwestern Energy (SWN) had ratings and price targets on them adjusted by analysts.
Tudor Pickering downgraded Concho Resources Inc. (CXO). They placed a "Hold" rating on the company.
Gabelli downgraded Great Plains Energy (GXP) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Laredo Petroleum Holdings (LPI). They placed a "Hold" rating on the company.
Capital One downgraded Whiting Petroleum Co. (WLL). They placed a "Strong-Buy" rating on the company.
SunTrust upgraded Berry Petroleum Comp (BRY) from a "Neutral" rating to a "Buy" rating. They have a price target of $65.00 on the company.
Edward Jones upgraded DTE Energy (DTE). They have a "Buy" rating on the company.
Stifel Nicolaus downgraded Southwestern Energy (SWN) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Concho Resources Inc. (CXO). They placed a "Hold" rating on the company.
Gabelli downgraded Great Plains Energy (GXP) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Laredo Petroleum Holdings (LPI). They placed a "Hold" rating on the company.
Capital One downgraded Whiting Petroleum Co. (WLL). They placed a "Strong-Buy" rating on the company.
SunTrust upgraded Berry Petroleum Comp (BRY) from a "Neutral" rating to a "Buy" rating. They have a price target of $65.00 on the company.
Edward Jones upgraded DTE Energy (DTE). They have a "Buy" rating on the company.
Stifel Nicolaus downgraded Southwestern Energy (SWN) from a "Buy" rating to a "Hold" rating.
Monday, February 27, 2012
Westar (WR) (CEG) (BHI) (HAL) (WLL) (SD) (MDAS) Ratings
Westar Energy, Inc. (WR), Constellation Energy Group (CEG), Baker Hughes (BHI), Halliburton (HAL), Whiting Petroleum Co. (WLL), SandRidge Energy Inc. (SD) and MedAssets, Inc. (MDAS) had ratings and price targets on them adjusted by analysts.
TheStreet downgraded Constellation Energy Group (CEG) to a "Hold" rating.
Raymond James downgraded Baker Hughes (BHI) from an "Outperform" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from a Strong-Buy rating to an "Outperform" rating.
Credit Agricole downgraded Whiting Petroleum Co. (WLL) to an "Outperform" rating.
Caris & Co. upgraded Westar Energy, Inc. (WR) from an "Average" rating to an "Above Average" rating.
Global Hunter Securities upgraded SandRidge Energy Inc. (SD) from an "Accumulate" rating to a "Buy" rating. They raised their price target from $8.50 to $13.00 on the company.
Caris & Co. downgraded MedAssets, Inc. (MDAS) from an "Above Average" rating to an "Average" rating.
TheStreet downgraded Constellation Energy Group (CEG) to a "Hold" rating.
Raymond James downgraded Baker Hughes (BHI) from an "Outperform" rating to a "Market Perform" rating.
Raymond James downgraded Halliburton (HAL) from a Strong-Buy rating to an "Outperform" rating.
Credit Agricole downgraded Whiting Petroleum Co. (WLL) to an "Outperform" rating.
Caris & Co. upgraded Westar Energy, Inc. (WR) from an "Average" rating to an "Above Average" rating.
Global Hunter Securities upgraded SandRidge Energy Inc. (SD) from an "Accumulate" rating to a "Buy" rating. They raised their price target from $8.50 to $13.00 on the company.
Caris & Co. downgraded MedAssets, Inc. (MDAS) from an "Above Average" rating to an "Average" rating.
Thursday, February 23, 2012
Fuel Tech (FTEK) (CEO) (JNPR) (VOLC) (DTV) (SINA) (TEN) Ratings, Price Targets
Fuel Tech Inc. (FTEK), CNOOC (CEO), Juniper Networks (JNPR), Volcano (VOLC), DirecTV (DTV), Sina (SINA) and Tenneco Inc. (TEN) had ratings and price targets on them adjusted by analysts.
Brean Murray initiated coverage on Fuel Tech Inc. (FTEK). They have a "Buy" rating and a price target of $8.00 on the company ,
Credit Suisse downgraded CNOOC (CEO) from an "Outperform" rating to a "Neutral" rating.
FBR Capital downgraded Juniper Networks (JNPR) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $25.00 to $21.00 on the company.
Feltl & Co. downgraded Volcano (VOLC) from a "Strong-Buy" rating to a "Buy" rating.
Atlantic Equities upgraded DirecTV (DTV) from a "Neutral" rating to an "Overweight" rating.
Barclays Capital downgraded Sina (SINA) from an "Overweight" rating to an "Equal Weight" rating.
Credit Agricole initiated coverage on Tenneco Inc. (TEN). They have an "Outperform" rating on the company.
Brean Murray initiated coverage on Fuel Tech Inc. (FTEK). They have a "Buy" rating and a price target of $8.00 on the company ,
Credit Suisse downgraded CNOOC (CEO) from an "Outperform" rating to a "Neutral" rating.
FBR Capital downgraded Juniper Networks (JNPR) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $25.00 to $21.00 on the company.
Feltl & Co. downgraded Volcano (VOLC) from a "Strong-Buy" rating to a "Buy" rating.
Atlantic Equities upgraded DirecTV (DTV) from a "Neutral" rating to an "Overweight" rating.
Barclays Capital downgraded Sina (SINA) from an "Overweight" rating to an "Equal Weight" rating.
Credit Agricole initiated coverage on Tenneco Inc. (TEN). They have an "Outperform" rating on the company.
Tuesday, February 21, 2012
Valero (VLO) (HFC) (PBR) (UPL) (HSP) (GM) Ratings, Price Targets
Valero Energy Co. (VLO), HollyFrontier (HFC), Petroleo Brasileiro SA (PBR), Ultra Petroleum Corp. (UPL), Hospira, Inc. (HSP) and General Motors (GM) had ratings and price targets on them adjusted by analysts.
UBS AG downgraded Valero Energy Co. (VLO) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Petroleo Brasileiro SA (PBR) from an "Overweight" rating to an "Equal Weight" rating. They placed a price target of $33.00 on the company
Jefferies Group downgraded Ultra Petroleum Corp. (UPL) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a "Neutral" rating to a "Sell" rating.
Craig Hallum downgraded General Motors (GM) from a "Buy" rating to a "Hold" rating.
UBS AG downgraded Valero Energy Co. (VLO) from a "Buy" rating to a "Neutral" rating.
UBS AG downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
Barclays Capital downgraded Petroleo Brasileiro SA (PBR) from an "Overweight" rating to an "Equal Weight" rating. They placed a price target of $33.00 on the company
Jefferies Group downgraded Ultra Petroleum Corp. (UPL) from a "Buy" rating to a "Hold" rating.
Citigroup (NYSE:C) downgraded Hospira, Inc. (HSP) from a "Neutral" rating to a "Sell" rating.
Craig Hallum downgraded General Motors (GM) from a "Buy" rating to a "Hold" rating.
Statoil (STO) (ITRI) (CBEY) (OVTI) (ACOR) (WOOF) Ratings, Price Targets
Statoil (STO), Itron, Inc. (ITRI), Cbeyond (CBEY), OmniVision Technologies, Inc. (OVTI), Acorda Therapeutics Inc. (ACOR) and VCA Antech, Inc. (WOOF) had ratings and price targets on them adjusted by analysts.
Credit Suisse downgraded Statoil (STO) from a "Neutral" rating to an "Underperform" rating.
KeyBanc downgraded Itron, Inc. (ITRI) from a "Buy" rating to a "Hold" rating.
Craig Hallum downgraded Cbeyond (CBEY) from a "Buy" rating to a "Hold" rating.
JPMorgan Chase & Co. downgraded OmniVision Technologies, Inc. (OVTI) from an "Overweight" rating to a "Neutral" rating.
Citigroup downgraded Acorda Therapeutics Inc. (ACOR) from a "Buy" rating to a "Neutral" rating.
First Analysis downgraded VCA Antech, Inc. (WOOF) from an "Overweight" rating to an "Equal Weight" rating.
Credit Suisse downgraded Statoil (STO) from a "Neutral" rating to an "Underperform" rating.
KeyBanc downgraded Itron, Inc. (ITRI) from a "Buy" rating to a "Hold" rating.
Craig Hallum downgraded Cbeyond (CBEY) from a "Buy" rating to a "Hold" rating.
JPMorgan Chase & Co. downgraded OmniVision Technologies, Inc. (OVTI) from an "Overweight" rating to a "Neutral" rating.
Citigroup downgraded Acorda Therapeutics Inc. (ACOR) from a "Buy" rating to a "Neutral" rating.
First Analysis downgraded VCA Antech, Inc. (WOOF) from an "Overweight" rating to an "Equal Weight" rating.
Suncor (SU) (PFCB) (ROG) (SJM) (UMBF) (CFN) Ratings, Price Targets
Suncor Energy Inc. (SU), P.F. Chang's China Bistro (PFCB), Rogers Co. (ROG), The J.M. Smucker Company (SJM), UMB Financial Co. (UMBF) and CareFusion Co. (CFN) had ratings and price targets on them adjusted by analysts.
Raymond James upgraded P.F. Chang's China Bistro (PFCB) from an "Outperform" rating to a "Strong-Buy" rating.
DA Davidson upgraded Rogers Co. (ROG) from a "Neutral" rating to a "Buy" rating. They raised their price target from $42.00 $48.00 on the company.
Stephens upgraded The J.M. Smucker Company (SJM) from an "Equal Weight" rating to an "Overweight" rating.
Stifel Nicolaus upgraded Suncor Energy Inc. (SU) from a "Hold" rating to a "Buy" rating. They have a price target of $42.00 on the company.
Raymond James upgraded UMB Financial Co. (UMBF) from an "Underperform" rating to a "Market Perform" rating.
Morgan Keegan upgraded CareFusion Co. (CFN) from a "Market Perform" rating to an "Outperform" rating. They raised their price from $26.00 to $31.00 on the company.
Raymond James upgraded P.F. Chang's China Bistro (PFCB) from an "Outperform" rating to a "Strong-Buy" rating.
DA Davidson upgraded Rogers Co. (ROG) from a "Neutral" rating to a "Buy" rating. They raised their price target from $42.00 $48.00 on the company.
Stephens upgraded The J.M. Smucker Company (SJM) from an "Equal Weight" rating to an "Overweight" rating.
Stifel Nicolaus upgraded Suncor Energy Inc. (SU) from a "Hold" rating to a "Buy" rating. They have a price target of $42.00 on the company.
Raymond James upgraded UMB Financial Co. (UMBF) from an "Underperform" rating to a "Market Perform" rating.
Morgan Keegan upgraded CareFusion Co. (CFN) from a "Market Perform" rating to an "Outperform" rating. They raised their price from $26.00 to $31.00 on the company.
Friday, February 17, 2012
Valero (VLO) (UPL) (HFC) (MSPD) (WOOF) (NILE) (FRT) Ratings, Price Targets
Valero Energy (NYSE:VLO), Ultra Petroleum (NYSE:UPL), HollyFrontier (HFC), Mindspeed (NASDAQ:MSPD), VCA Antech (NASDAQ:WOOF), Blue Nile (NASDAQ:NILE) and Frontier Communications (NASDAQ:FTR) had ratings and price targets on them adjusted by analysts.
Cantor Fitzgerald initiated coverage on Mindspeed (MSPD). They placed a "Buy" rating on the company.
UBS (NYSE:UBS) downgraded Valero Energy (VLO) from a "Buy" rating to a "Neutral" rating.
UBS (NYSE:UBS) downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
VCA Antech (WOOF) was downgraded by First Analysis from an "Overweight" rating to an "Equal Weight" rating.
Ultra Petroleum (UPL) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Blue Nile (NILE) was upgraded by RBC Capital Markets from a "Sector Perform" rating to an "Outperform" rating.
Frontier Communications (FRT) was downgraded by Macquarie from an "Underperform" rating to a "Neutral" rating.
Cantor Fitzgerald initiated coverage on Mindspeed (MSPD). They placed a "Buy" rating on the company.
UBS (NYSE:UBS) downgraded Valero Energy (VLO) from a "Buy" rating to a "Neutral" rating.
UBS (NYSE:UBS) downgraded HollyFrontier (HFC) from a "Buy" rating to a "Neutral" rating.
VCA Antech (WOOF) was downgraded by First Analysis from an "Overweight" rating to an "Equal Weight" rating.
Ultra Petroleum (UPL) was downgraded by Jefferies (NYSE:JEF) from a "Buy" rating to a "Hold" rating.
Blue Nile (NILE) was upgraded by RBC Capital Markets from a "Sector Perform" rating to an "Outperform" rating.
Frontier Communications (FRT) was downgraded by Macquarie from an "Underperform" rating to a "Neutral" rating.
Thursday, February 16, 2012
Comcast (CMCSA) (LO) (WFR) (BNPQY) (CEO) (CQB) Ratings, Price Targets
Comcast (CMCSA), Lorillard (LO), MEMC Electronics (WFR), BNP Paribas (BNPQY), CNOOC (CEO) and Chiquita Brands (CQB) had ratings and price targets on them adjusted by analysts.
Jefferies (NYSE:JEF) initiated coverage on Lorillard (LO). They placed a "Buy" rating on the company.
MEMC Electronics (WFR) was upgraded by Jefferies from an "Underperform" rating to a "Hold" rating.
BNP Paribas (BNPQY) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
CNOOC (CEO) was downgraded by Jefferies from a "Market Perform" rating to an "Underperform" rating.
Comcast (CMCSA) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Chiquita Brands (CQB) was downgraded by BB&T Capital from a "Buy" rating to a "Hold" rating.
Jefferies (NYSE:JEF) initiated coverage on Lorillard (LO). They placed a "Buy" rating on the company.
MEMC Electronics (WFR) was upgraded by Jefferies from an "Underperform" rating to a "Hold" rating.
BNP Paribas (BNPQY) was downgraded by Société Générale from a "Buy" rating to a "Hold" rating.
CNOOC (CEO) was downgraded by Jefferies from a "Market Perform" rating to an "Underperform" rating.
Comcast (CMCSA) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Chiquita Brands (CQB) was downgraded by BB&T Capital from a "Buy" rating to a "Hold" rating.
C&J Energy (CJES) Reports Quarterly Earnings
C&J Energy Services (NYSE:CJES) released its fourth quarter earnings results on Wednesday, reporting net income of $53.4 million, or $1.00 per diluted share.
That was a big increase over fourth quarter results in 2011, where the company produced net income of $14.5 million, or $0.30 per diluted share.
Revenue in the latest quarter came to $220.1 million, down from the third quarter revenue of $229 million. That was attributed to customers of C&J deciding to provide their own sand on some of the jobs, as well as under utilization of some of the guaranteed pumping hours because of holidays and delays on some wells.
Josh Comstock, Chairman, President and Chief Executive Officer, said in a press release, "Demand for our services remained strong. We generated higher net income despite a slight dip in revenue as our high margin service revenue grew and our lower margin sand revenue declined. Our fourth quarter profitability demonstrates the benefits associated with the flexibility of our business model and our contracts that adjust to changing customer needs while still providing solid margins and bottom-line returns."
"Our debt free balance sheet, approximately $65 million in cash currently on hand and full access to our $200.0 million revolving credit facility provide exceptional flexibility to take advantage of growth opportunities. In addition to actively evaluating opportunities for organic growth, we are also well positioned to pursue strategic acquisitions that could support our geographic expansion in unconventional resource plays," he added.
Morgan Stanley (NYSE: MS) initiated coverage on C&J Energy Services on Thursday, February 9th. They placed an “Equal Weight” rating on the company.
C&J closed Wednesday at $19.85, falling $0.14, or 0.70 percent. They gained all that back in after hours trading.
That was a big increase over fourth quarter results in 2011, where the company produced net income of $14.5 million, or $0.30 per diluted share.
Revenue in the latest quarter came to $220.1 million, down from the third quarter revenue of $229 million. That was attributed to customers of C&J deciding to provide their own sand on some of the jobs, as well as under utilization of some of the guaranteed pumping hours because of holidays and delays on some wells.
Josh Comstock, Chairman, President and Chief Executive Officer, said in a press release, "Demand for our services remained strong. We generated higher net income despite a slight dip in revenue as our high margin service revenue grew and our lower margin sand revenue declined. Our fourth quarter profitability demonstrates the benefits associated with the flexibility of our business model and our contracts that adjust to changing customer needs while still providing solid margins and bottom-line returns."
"Our debt free balance sheet, approximately $65 million in cash currently on hand and full access to our $200.0 million revolving credit facility provide exceptional flexibility to take advantage of growth opportunities. In addition to actively evaluating opportunities for organic growth, we are also well positioned to pursue strategic acquisitions that could support our geographic expansion in unconventional resource plays," he added.
Morgan Stanley (NYSE: MS) initiated coverage on C&J Energy Services on Thursday, February 9th. They placed an “Equal Weight” rating on the company.
C&J closed Wednesday at $19.85, falling $0.14, or 0.70 percent. They gained all that back in after hours trading.
Wednesday, February 15, 2012
Generac (GNRC) (FMS) (DBOEY) (WTW) (ZNGA) (BXP) (COH) (AAT) Ratings, Price Targets
Generac (NYSE:GNRC), Fresenius Medical (NYSE:FMS), Deutsche Börse (OTC:DBOEY), Weight Watchers International (NYSE:WTW), Zynga (NASDAQ:ZNGA), Boston Properties (NYSE:BXP), WSM Coach, Inc. (NYSE:COH) and American Assets Trust (NYSE:AAT) had ratings and price targets on them adjusted by analysts.
TheStreet Ratings initiated coverage on American Assets Trust (AAT). They placed a "Hold" rating on the company.
Generac (GNRC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $28.00 on the company.
Fresenius Medical (FMS) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Deutsche Börse (DBOEY.PK) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Weight Watchers International (WTW) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Zynga (ZNGA) was downgraded by Robert W. Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $13.00 on the company.
Boston Properties (BXP) had its price target raised by Jefferies (NYSE:JEF) to $95.00. They have a "Hold" rating on the company.
WSM Coach, Inc. (COH) had its price target raised at Jefferies to $90.00. They have a "Buy" rating on the company.
TheStreet Ratings initiated coverage on American Assets Trust (AAT). They placed a "Hold" rating on the company.
Generac (GNRC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $28.00 on the company.
Fresenius Medical (FMS) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Deutsche Börse (DBOEY.PK) was downgraded by WestLB from an "Add" rating to a "Neutral" rating.
Weight Watchers International (WTW) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Zynga (ZNGA) was downgraded by Robert W. Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $13.00 on the company.
Boston Properties (BXP) had its price target raised by Jefferies (NYSE:JEF) to $95.00. They have a "Hold" rating on the company.
WSM Coach, Inc. (COH) had its price target raised at Jefferies to $90.00. They have a "Buy" rating on the company.
Golar (GMLP) (CPA) (FIS) (BBVA) (PLCE) (FOSL) Ratings, Price Targets
Golar LNG Partners (NASDAQ:GMLP), Copa Holdings (NYSE:CPA), Fidelity National Information Services (NYSE:FIS), Banco Bilbao Vizcaya (NYSE:BBVA), Children’s Place (NASDAQ:PLCE) and Fossil (NASDAQ:FOSL) had ratings and price targets on them adjusted by analysts.
Dahlman Rose initiated coverage on Golar LNG Partners (GMLP). They placed a "Buy" rating and price target of $40.00 on the company.
Copa Holdings (CPA) was upgraded by Barclays (NYSE:BCS) from an "Equal Weight" rating to an "Overweight" rating.
Fidelity National Information Services (FIS) was upgraded by JP Morgan (NYSE:JPM) from an "Underweight" rating to a "Neutral" rating.
Banco Bilbao Vizcaya (BBVA) was downgraded by BNP Paribas from a "Market Perform" rating to an "Underperform" rating.
Children’s Place (PLCE) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Fossil (FOSL) was downgraded by Benchmark Company from a "Buy" rating to a "Hold" rating.
Dahlman Rose initiated coverage on Golar LNG Partners (GMLP). They placed a "Buy" rating and price target of $40.00 on the company.
Copa Holdings (CPA) was upgraded by Barclays (NYSE:BCS) from an "Equal Weight" rating to an "Overweight" rating.
Fidelity National Information Services (FIS) was upgraded by JP Morgan (NYSE:JPM) from an "Underweight" rating to a "Neutral" rating.
Banco Bilbao Vizcaya (BBVA) was downgraded by BNP Paribas from a "Market Perform" rating to an "Underperform" rating.
Children’s Place (PLCE) was downgraded by Wedbush from an "Outperform" rating to a "Neutral" rating.
Fossil (FOSL) was downgraded by Benchmark Company from a "Buy" rating to a "Hold" rating.
Murphy Oil (MUR) (GPRO) (HD) (CRM) (ABC) (BMC) Ratings, Price Targets
Murphy Oil (NYSE:MUR), Gen-Probe (GPRO), Home Depot (NYSE:HD), Salesforce.com (CRM), AmerisourceBergen (ABC) and BMC Software (BMC) had ratings and price targets on them adjusted by analysts.
Brean Murray initiated coverage on Murphy Oil (MUR). They have a "Buy" rating and a price target of $71.00 on the company.
Gen-Probe (GPRO) had its EPS estimates lowered by Oppenheimer (NYSE:OPY). They have a "Perform" rating on the company.
Home Depot (HD) had its price target boosted by Bank of America (NYSE:BAC) to $50.00.
Salesforce.com (CRM) had its price target raised by Jefferies (NYSE:JEF) to $152.00. They have a "Buy rating on the company.
AmerisourceBergen (ABC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $43.00 on the company.
BMC Software (BMC) had its price target raised b Jefferies to $42.00. They have a "Buy" rating on the company.
Brean Murray initiated coverage on Murphy Oil (MUR). They have a "Buy" rating and a price target of $71.00 on the company.
Gen-Probe (GPRO) had its EPS estimates lowered by Oppenheimer (NYSE:OPY). They have a "Perform" rating on the company.
Home Depot (HD) had its price target boosted by Bank of America (NYSE:BAC) to $50.00.
Salesforce.com (CRM) had its price target raised by Jefferies (NYSE:JEF) to $152.00. They have a "Buy rating on the company.
AmerisourceBergen (ABC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $43.00 on the company.
BMC Software (BMC) had its price target raised b Jefferies to $42.00. They have a "Buy" rating on the company.
Tuesday, February 14, 2012
Regal Entertainment (RGC) (CZR) (TRIP) (P) (BBBY) (IHG) Ratings, Price Targets
Regal Entertainment (NYSE:RGC), Caesars Entertainment (NASDAQ:CZR), TripAdvisor (NASDAQ:TRIP), Pandora Media (NYSE:P), Bed Bath & Beyond (NASDAQ:BBBY) and Intercontinental Hotels Group (NYSE:IHG) had ratings and price targets on them adjusted by analysts.
Imperial Capital initiated coverage on Caesars Entertainment (CZR). They placed an "Outperform" rating and a price target of $16.20 on the company.
Capstone initiated coverage on TripAdvisor (TRIP). They placed a "Strong Buy" rating on the company.
Capstone initiated coverage on Pandora Media (P). They placed a "Hold" rating on the company.
Regal Entertainment (RGC) was upgraded by Piper Jaffray (NYSE:PJC) from a "Neutral" rating to an "Overweight" rating.
Bed Bath & Beyond (BBBY) was downgraded by Citigroup (NYSE:C) from a "Buy" rating to a "Neutral" rating.
Intercontinental Hotels Group (IHG) was downgraded by Jefferies Group (NYSE:JEF) form a "Buy" rating to a "Hold" rating.
Imperial Capital initiated coverage on Caesars Entertainment (CZR). They placed an "Outperform" rating and a price target of $16.20 on the company.
Capstone initiated coverage on TripAdvisor (TRIP). They placed a "Strong Buy" rating on the company.
Capstone initiated coverage on Pandora Media (P). They placed a "Hold" rating on the company.
Regal Entertainment (RGC) was upgraded by Piper Jaffray (NYSE:PJC) from a "Neutral" rating to an "Overweight" rating.
Bed Bath & Beyond (BBBY) was downgraded by Citigroup (NYSE:C) from a "Buy" rating to a "Neutral" rating.
Intercontinental Hotels Group (IHG) was downgraded by Jefferies Group (NYSE:JEF) form a "Buy" rating to a "Hold" rating.
El Paso (EP) (WPZ) (CHKM) (TRP) (RRMS) (ENB) (SE) Ratings, Price Targets
El Paso (EP), Williams Partners (WPZ), Chesapeake Midstream (CHKM), TransCanada (TRP) Rose Rock Midstream (RRMS), Enbridge Inc (ENB), and Spectra Energy (SE) had ratings and price targets on them adjusted by analysts.
Deutsche Bank initiated coverage on El Paso (EP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Williams Partners (WPZ). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Chesapeake Midstream (CHKM). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on TransCanada (TRP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Rose Rock Midstream (RRMS). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Enbridge (ENB). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Spectra Energy (SE). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on El Paso (EP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Williams Partners (WPZ). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Chesapeake Midstream (CHKM). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on TransCanada (TRP). They placed an "Hold" rating on the company.
Deutsche Bank initiated coverage on Rose Rock Midstream (RRMS). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Enbridge (ENB). They placed an "Buy" rating on the company.
Deutsche Bank initiated coverage on Spectra Energy (SE). They placed an "Buy" rating on the company.
Monday, February 13, 2012
Exxon Mobil (XOM) Flex Muscles in Iraq
After signing an exploration deal with Kurdistan in the latter part of 2011, Exxon Mobil (NYSE:XOM), not unexpectedly, won't be allowed to bid in the next round of oil and gas exploration contracts in Iraq.
That's of little consequence, as the inept and corrupt Iraqi government only allows energy Western businesses in the country to take somewhere around $2 a barrel, regardless of what the price of oil is.
Many Western energy companies have foolishly went along with the Iraqis in hope of getting better deals later, but that could be playing a fool's game, something Exxon Mobil is wise not to engage in.
The decision to work with Kurdistan and its better deals has to be seen as the energy giant sending a message to Iraq, no matter how it all turns out. It also points to the outrageous actions of the Iraqi government towards the West, as the companies participating in the production in the country aren't making any money there.
As long as they are willing to grab onto the carrot, they won't profit in the region until they force the hand of the Iraqi government, as Exxon is wisely attempting to do.
It was extremely premature for other western energy companies to enter into deals with Iraq before decisions were made as to how the oil royalties would be divided up.
This is the reason Iraq has opposed any Western company doing business with the Kurds, as the competition forces them to react to the offer of the Kurds, which is superior to the laughable 'offer' of Iraq to the western oil companies.
Deputy Prime Minster for Energy Hussein al-Shahristani has said he would like to have Exxon working in the country, but noted the company knows the terms of working there.
To work in Iraq is the equivalent of doing charity in the country, and until the government changes their mind, it would be better for any energy company not to deal with a country that doesn't allow businesses to profit there.
That's of little consequence, as the inept and corrupt Iraqi government only allows energy Western businesses in the country to take somewhere around $2 a barrel, regardless of what the price of oil is.
Many Western energy companies have foolishly went along with the Iraqis in hope of getting better deals later, but that could be playing a fool's game, something Exxon Mobil is wise not to engage in.
The decision to work with Kurdistan and its better deals has to be seen as the energy giant sending a message to Iraq, no matter how it all turns out. It also points to the outrageous actions of the Iraqi government towards the West, as the companies participating in the production in the country aren't making any money there.
As long as they are willing to grab onto the carrot, they won't profit in the region until they force the hand of the Iraqi government, as Exxon is wisely attempting to do.
It was extremely premature for other western energy companies to enter into deals with Iraq before decisions were made as to how the oil royalties would be divided up.
This is the reason Iraq has opposed any Western company doing business with the Kurds, as the competition forces them to react to the offer of the Kurds, which is superior to the laughable 'offer' of Iraq to the western oil companies.
Deputy Prime Minster for Energy Hussein al-Shahristani has said he would like to have Exxon working in the country, but noted the company knows the terms of working there.
To work in Iraq is the equivalent of doing charity in the country, and until the government changes their mind, it would be better for any energy company not to deal with a country that doesn't allow businesses to profit there.
Weatherford (NYSE:WFT) Cleared of Gulf Spill Claims
U.S. district court judge Carl Barbier has ruled that Weatherford (NYSE:WFT) wasn't part of the cause leading to the Macondo well oil spill in the Gulf of Mexico.
The decision centered around the float collar provided by Weatherford for the well. The judge said its performance had no part in the failure of the well or the resulting oil spill.
Consequently, all charges against the company have been dismissed.
Weatherford had paid BP (NYSE:BP) $75 million in order to indemnify it against any claims related to the spill. Any other claims against the company are now cleared.
Weatherford was trading at $17.83, up $0.03, or 0.20 percent, as of 10:41 AM EST.
The decision centered around the float collar provided by Weatherford for the well. The judge said its performance had no part in the failure of the well or the resulting oil spill.
Consequently, all charges against the company have been dismissed.
Weatherford had paid BP (NYSE:BP) $75 million in order to indemnify it against any claims related to the spill. Any other claims against the company are now cleared.
Weatherford was trading at $17.83, up $0.03, or 0.20 percent, as of 10:41 AM EST.
EnerSys (ENS) (FSLR) (RHT) (RRGB) (SPR) (LO) (RYCEY) Ratings, Price Targets
EnerSys (NYSE: ENS), First Solar, Inc. (NASDAQ: FSLR), Red Hat (NYSE: RHT), Red Robin Gourmet Burgers (NASDAQ: RRGB), Spirit AeroSystems Holdings, Inc. (NYSE: SPR), Lorillard Inc. (NYSE: LO) and Rolls-Royce Group plc (NASDAQ: RYCEY) had ratings and price targets on them adjusted by analysts.
First Solar, Inc. (FSLR) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company.
EnerSys (ENS) had its price target raised by Needham & Company from $30.00 to $37.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target raised by Evercore Partners from $52.00 to $56.00. They have an “Overweight” rating on the company.
Red Robin Gourmet Burgers (RRGB) had its price target raised by Bank of America (NYSE:BAC) from $33.00 to $37.00. They have a “Buy” rating on the company.
Spirit AeroSystems Holdings, Inc. (SPR) had its price target raised by Deutsche Bank (NYSE:DB) from $25.00 to $26.00. They have a “Hold” rating on the company.
Lorillard Inc. (LO) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Rolls-Royce Group plc (RYCEY) was downgraded by BNP Paribas from an “Outperform” rating to a “Neutral” rating.
First Solar, Inc. (FSLR) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company.
EnerSys (ENS) had its price target raised by Needham & Company from $30.00 to $37.00. They have a “Buy” rating on the company.
Red Hat (RHT) had its price target raised by Evercore Partners from $52.00 to $56.00. They have an “Overweight” rating on the company.
Red Robin Gourmet Burgers (RRGB) had its price target raised by Bank of America (NYSE:BAC) from $33.00 to $37.00. They have a “Buy” rating on the company.
Spirit AeroSystems Holdings, Inc. (SPR) had its price target raised by Deutsche Bank (NYSE:DB) from $25.00 to $26.00. They have a “Hold” rating on the company.
Lorillard Inc. (LO) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.
Rolls-Royce Group plc (RYCEY) was downgraded by BNP Paribas from an “Outperform” rating to a “Neutral” rating.
Tesla (TSLA) (JEC) (SYMC) (TEX) (ACAT) (BDC) (CGNX) Ratings, Price Targets
Tesla Motors (NASDAQ: TSLA), Jacobs Engineering (NYSE: JEC), Symantec (NASDAQ: SYMC), Terex Co. (NYSE: TEX), Arctic Cat Inc. (NASDAQ: ACAT), Belden (NYSE: BDC) and Cognex Co. (NASDAQ: CGNX) had ratings and price targets on them adjusted by analysts.
Tesla Motors (TSLA) had its “Buy” rating reiterated by Needham & Company.
Citigroup (NYSE:C) initiated coverage on Jacobs Engineering (JEC). They placed a “Neutral” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Symantec (SYMC). They placed a “Neutral” rating on the company.
BB&T (NYSE:BBT) initiated coverage on Terex Co. (TEX). They placed a “Buy” rating and a price target of $30.00 on the company.
Arctic Cat Inc. (ACAT) had its price target raised by Wedbush from $29.00 to $33.00. They have a “Neutral” rating on the company.
Belden (BDC) had its price target raised by Longbow Research from $42.00 to $46.00. They have a “Buy” rating on the company.
Cognex Co. (CGNX) had its price target raised by Needham & Company from $38.00 to $48.00. They have a “Buy” rating on the company.
Tesla Motors (TSLA) had its “Buy” rating reiterated by Needham & Company.
Citigroup (NYSE:C) initiated coverage on Jacobs Engineering (JEC). They placed a “Neutral” rating on the company.
Goldman Sachs (NYSE:GS) initiated coverage on Symantec (SYMC). They placed a “Neutral” rating on the company.
BB&T (NYSE:BBT) initiated coverage on Terex Co. (TEX). They placed a “Buy” rating and a price target of $30.00 on the company.
Arctic Cat Inc. (ACAT) had its price target raised by Wedbush from $29.00 to $33.00. They have a “Neutral” rating on the company.
Belden (BDC) had its price target raised by Longbow Research from $42.00 to $46.00. They have a “Buy” rating on the company.
Cognex Co. (CGNX) had its price target raised by Needham & Company from $38.00 to $48.00. They have a “Buy” rating on the company.
Devon (DVN) (XCO) (ENS) (GPOR) (CIE) (ELON) (CARB) Ratings, Price Targets
Devon Energy Co. (NYSE: DVN), EXCO Resources, Inc. (NYSE: XCO), EnerSys (NYSE: ENS), Gulfport Energy Co. (NASDAQ: GPOR), Cobalt International Energy (NYSE: CIE), Echelon Co. (NASDAQ: ELON) and Carbonite (NASDAQ: CARB) had ratings and price targets on them adjusted by analysts.
EXCO Resources, Inc. (XCO) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $8.00 on the company, down from $13.00.
EnerSys (ENS) had its “buy” rating reiterated by Jefferies Group (NYSE:JEF).
RBC Capital initiated coverage on Gulfport Energy Co. (GPOR). They placed a “Sector Perform” rating on the company.
Cobalt International Energy (CIE) had its price target raised by Goldman Sachs (NYSE:GS) from $24.00 to $31.00. They have a “Buy” rating on the company.
Echelon Co. (ELON) had its price target lowered by Needham & Company from $11.00 to $9.00. They have a “Buy” rating on the company.
Devon Energy Co. (DVN) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
Carbonite (CARB) had its “Buy” rating reiterated by Canaccord Genuity.
EXCO Resources, Inc. (XCO) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $8.00 on the company, down from $13.00.
EnerSys (ENS) had its “buy” rating reiterated by Jefferies Group (NYSE:JEF).
RBC Capital initiated coverage on Gulfport Energy Co. (GPOR). They placed a “Sector Perform” rating on the company.
Cobalt International Energy (CIE) had its price target raised by Goldman Sachs (NYSE:GS) from $24.00 to $31.00. They have a “Buy” rating on the company.
Echelon Co. (ELON) had its price target lowered by Needham & Company from $11.00 to $9.00. They have a “Buy” rating on the company.
Devon Energy Co. (DVN) was downgraded by FBR Capital from an “Outperform” rating to a “Market Perform” rating.
Carbonite (CARB) had its “Buy” rating reiterated by Canaccord Genuity.
Friday, February 10, 2012
Moodys (MCO) (BIG) (GRPN) (IR) (RIMM) (CVS) (RAX) Ratings, Price Targets
Moodys Corporation (NYSE: MCO), Big Lots, Inc. (NYSE: BIG), Groupon (NASDAQ: GRPN), Ingersoll-Rand (NYSE: IR), Research In Motion (NASDAQ: RIMM), CVS Caremark (NYSE: CVS) and Rackspace Hosting, Inc. (NYSE: RAX) had ratings and price targets on them adjusted by analysts.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Big Lots, Inc. (BIG). They placed a “Neutral” rating and a price target of $48.00 on the company.
Groupon (GRPN) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS).
Ingersoll-Rand (IR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Research In Motion (RIMM) had its “Hold” rating reiterated by Canaccord Genuity.
CVS Caremark (CVS) had its price target raised by Goldman Sachs (NYSE:GS) from $46.00 to $48.00. They have a “Buy” rating on the company.
Moodys Corporation (MCO) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $43.00 to $45.00. They have an “Overweight” rating on the company.
Rackspace Hosting, Inc. (RAX) had its price target raised by Evercore Partners from $52.00 to $58.00. They have an “Overweight” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Big Lots, Inc. (BIG). They placed a “Neutral” rating and a price target of $48.00 on the company.
Groupon (GRPN) had its “Buy” rating reiterated by Goldman Sachs (NYSE:GS).
Ingersoll-Rand (IR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Research In Motion (RIMM) had its “Hold” rating reiterated by Canaccord Genuity.
CVS Caremark (CVS) had its price target raised by Goldman Sachs (NYSE:GS) from $46.00 to $48.00. They have a “Buy” rating on the company.
Moodys Corporation (MCO) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $43.00 to $45.00. They have an “Overweight” rating on the company.
Rackspace Hosting, Inc. (RAX) had its price target raised by Evercore Partners from $52.00 to $58.00. They have an “Overweight” rating on the company.
Akamai Technologies (AKAM) Ratings, Price Targets
Akamai Technologies (NASDAQ: AKAM) had ratings and price targets on it adjusted by analysts.
Akamai Technologies (AKAM) had its price target raised by Stifel Nicolaus from $32.00 to $43.00. They have a “Buy” rating on the stock.
Akamai Technologies had its price target raised by Piper Jaffray (NYSE:PJC) from $26.00 to $36.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target raised by DA Davidson from $36.00 to $40.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target lowered by FBR Capital from $32.00 to $25.00. They have a “Market Perform” rating on the stock.
Akamai Technologies had its price target raised by Jefferies Group (NYSE:JEF) from $36.00 to $41.00. They have a “Hold” rating on the stock.
Akamai Technologies was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Akamai Technologies was upgraded by CLSA from an “Outperform” rating to a “Buy” rating.
Akamai Technologies (AKAM) had its price target raised by Stifel Nicolaus from $32.00 to $43.00. They have a “Buy” rating on the stock.
Akamai Technologies had its price target raised by Piper Jaffray (NYSE:PJC) from $26.00 to $36.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target raised by DA Davidson from $36.00 to $40.00. They have a “Neutral” rating on the stock.
Akamai Technologies had its price target lowered by FBR Capital from $32.00 to $25.00. They have a “Market Perform” rating on the stock.
Akamai Technologies had its price target raised by Jefferies Group (NYSE:JEF) from $36.00 to $41.00. They have a “Hold” rating on the stock.
Akamai Technologies was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Akamai Technologies was upgraded by CLSA from an “Outperform” rating to a “Buy” rating.
Teekay (TNK) (WFT) (CMP) (ERF) (TAT) (RRC) Ratings, Price Targets
Teekay Tankers Ltd. (NYSE: TNK), Weatherford (NYSE: WFT), Compass Minerals International, Inc. (NYSE: CMP), Enerplus Resources Fund (NYSE: ERF), Transatlantic Petroleum Limited (NYSE: TAT) and Range Resources (NYSE: RRC) had ratings and price targets on them adjusted by analysts.
Teekay Tankers Ltd. (TNK) had its price target lowered by Evercore Partners from $6.50 to $6.00. They have an “Overweight” rating on the company.
Weatherford (WFT) had its price target raised by Bank of America (NYSE:BAC) from $21.00 to $25.00. They have a “Buy” rating on the company.
Compass Minerals International, Inc. (CMP) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating. They have a price target of $66.00 on the company, down from $71.00.
Enerplus Resources Fund (ERF) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
Transatlantic Petroleum Limited (TAT) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Neutral” rating.
Range Resources (RRC) was upgraded by Capital One to a “Neutral” rating.
Teekay Tankers Ltd. (TNK) had its price target lowered by Evercore Partners from $6.50 to $6.00. They have an “Overweight” rating on the company.
Weatherford (WFT) had its price target raised by Bank of America (NYSE:BAC) from $21.00 to $25.00. They have a “Buy” rating on the company.
Compass Minerals International, Inc. (CMP) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating. They have a price target of $66.00 on the company, down from $71.00.
Enerplus Resources Fund (ERF) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.
Transatlantic Petroleum Limited (TAT) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Neutral” rating.
Range Resources (RRC) was upgraded by Capital One to a “Neutral” rating.
Thursday, February 9, 2012
Dick’s (DKS) (VPHM) (ADSK) (AGN) (MTSN) (V) (CNL) Ratings, Price Targets
Dick’s Sporting Goods (NYSE: DKS), ViroPharma Incorporated (NASDAQ: VPHM), Autodesk (NASDAQ: ADSK), Allergan, Inc. (NYSE: AGN), Mattson Technology, Inc. (NASDAQ: MTSN), Visa Inc. (NYSE: V) and Cleco Co. (NYSE: CNL) had ratings and price targets on them adjusted by analysts.
Dick’s Sporting Goods (DKS) had its “Buy” rating reiterated by Canaccord Genuity.
ViroPharma Incorporated (VPHM) had its “buy” rating reiterated by analysts at Brean Murray.
Autodesk (ADSK) had its price target raised by RBC Capital from $38.00 to $42.00. They have a “Sector Perform” rating on the company.
Allergan, Inc. (AGN) had its price target raised by Morgan Stanley (NYSE:MS) from $90.00 to $98.00. They have an “Overweight” rating on the company.
Mattson Technology, Inc. (MTSN) had its price target raised by Rodman & Renshaw from $3.00 to $4.50. They have an “Outperform” rating on the company.
Visa Inc. (V) had its price target raised by Stifel Nicolaus from $109.00 to $125.00. They have a “Buy” rating on the company.
Cleco Co. (CNL) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company, down from $41.00.
Dick’s Sporting Goods (DKS) had its “Buy” rating reiterated by Canaccord Genuity.
ViroPharma Incorporated (VPHM) had its “buy” rating reiterated by analysts at Brean Murray.
Autodesk (ADSK) had its price target raised by RBC Capital from $38.00 to $42.00. They have a “Sector Perform” rating on the company.
Allergan, Inc. (AGN) had its price target raised by Morgan Stanley (NYSE:MS) from $90.00 to $98.00. They have an “Overweight” rating on the company.
Mattson Technology, Inc. (MTSN) had its price target raised by Rodman & Renshaw from $3.00 to $4.50. They have an “Outperform” rating on the company.
Visa Inc. (V) had its price target raised by Stifel Nicolaus from $109.00 to $125.00. They have a “Buy” rating on the company.
Cleco Co. (CNL) was downgraded by Ladenburg Thalmann from a “Buy” rating to a “Neutral” rating. They have a price target of $40.00 on the company, down from $41.00.
BP (BP) (APC) (MMP) (SD) (SPN) (SLH) (WLL) (CAM) Ratings, Price Targets
BP PLC (NYSE: BP), Anadarko Petroleum (NYSE: APC), Magellan Midstream (NYSE: MMP), SandRidge Energy Inc. (NYSE: SD), Superior Energy Services (NYSE: SPN), Solera Holdings, Inc. (NYSE: SLH), Whiting Petroleum Co. (NYSE: WLL) and Cameron (NYSE: CAM) had ratings and price targets on them adjusted by analysts.
Anadarko Petroleum (APC) had its price target raised by RBC Capital from $100.00 to $103.00. They have an “Outperform” rating on the company.
Magellan Midstream (MMP) had its price target raised by RBC Capital from $74.00 to $78.00. They have an “Outperform” rating on the company.
SandRidge Energy Inc. (SD) had its price target lowered by Deutsche Bank (NYSE:DB) to $9.00.
Superior Energy Services (SPN) had its price target raised by Citigroup (NYSE:C) from $38.00 to $41.00. They have a “Buy” rating on the company.
Solera Holdings, Inc. (SLH) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $53.00 to $54.00. They have an “Overweight” rating on the company.
Whiting Petroleum Co. (WLL) had its price target raised by Stifel Nicolaus from $70.00 to $75.00. They have a “Buy” rating on the company.
BP PLC (BP) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.
Cameron (NYSE: CAM) was downgraded by analysts at HSBC from an “overweight” rating to a “neutral” rating.
Anadarko Petroleum (APC) had its price target raised by RBC Capital from $100.00 to $103.00. They have an “Outperform” rating on the company.
Magellan Midstream (MMP) had its price target raised by RBC Capital from $74.00 to $78.00. They have an “Outperform” rating on the company.
SandRidge Energy Inc. (SD) had its price target lowered by Deutsche Bank (NYSE:DB) to $9.00.
Superior Energy Services (SPN) had its price target raised by Citigroup (NYSE:C) from $38.00 to $41.00. They have a “Buy” rating on the company.
Solera Holdings, Inc. (SLH) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) from $53.00 to $54.00. They have an “Overweight” rating on the company.
Whiting Petroleum Co. (WLL) had its price target raised by Stifel Nicolaus from $70.00 to $75.00. They have a “Buy” rating on the company.
BP PLC (BP) was downgraded by Societe Generale from a “Buy” rating to a “Hold” rating.
Cameron (NYSE: CAM) was downgraded by analysts at HSBC from an “overweight” rating to a “neutral” rating.
Wednesday, February 8, 2012
BP (BP) Earnings Appear Under Pressure for 2012
BP (NYSE:BP) had a couple of analysts express concern over the performance of the company in 2012, pressuring the stock in early trading.
Jefferies (NYSE:JEF) said the oil giant is unlikely to boost production before 2014, which will probably mean earnings estimates will be lower than projected. They also cited higher tax rates and charges as another factor in the earnings performance of BP.
Consequently, Jefferies cut its earnings estimate on BP from $1.24 a share to $1.20 a share. For 2013, it raised its EPS estimate from 94 cents a share to 95 cents a share. Even so, the brokerage reiterated its "Buy" rating on the energy company.
Societe Generale downgraded BP on Wednesday from a "Buy" rating to a "Hold" rating, citing uncertainties surrounding legal liabilities as the Macondo trial date of February 27 approaches.
"The key risk is the start of the Macondo trial on February 27. The impossibility of 'calling' the legal outcome, leads us tactically to a hold rating, following a year of outperformance," the analysts said.
Societe Generale also noted that BP will be the last entity to offer its evidence, meaning the news cycle will probably be negative in the early part of the trial, suggesting pressure on the stock.
Possibly in anticipation of this, BP boosted its dividend to a quarterly rate of 8 cents a share after a solid quarter, where the earnings of the company rose to $7.69 billion on revenue of $96.3 billion.
BP was trading at $46.59, falling $0.01, or 0.02 percent, as of 11:10 AM EST.
Jefferies (NYSE:JEF) said the oil giant is unlikely to boost production before 2014, which will probably mean earnings estimates will be lower than projected. They also cited higher tax rates and charges as another factor in the earnings performance of BP.
Consequently, Jefferies cut its earnings estimate on BP from $1.24 a share to $1.20 a share. For 2013, it raised its EPS estimate from 94 cents a share to 95 cents a share. Even so, the brokerage reiterated its "Buy" rating on the energy company.
Societe Generale downgraded BP on Wednesday from a "Buy" rating to a "Hold" rating, citing uncertainties surrounding legal liabilities as the Macondo trial date of February 27 approaches.
"The key risk is the start of the Macondo trial on February 27. The impossibility of 'calling' the legal outcome, leads us tactically to a hold rating, following a year of outperformance," the analysts said.
Societe Generale also noted that BP will be the last entity to offer its evidence, meaning the news cycle will probably be negative in the early part of the trial, suggesting pressure on the stock.
Possibly in anticipation of this, BP boosted its dividend to a quarterly rate of 8 cents a share after a solid quarter, where the earnings of the company rose to $7.69 billion on revenue of $96.3 billion.
BP was trading at $46.59, falling $0.01, or 0.02 percent, as of 11:10 AM EST.
Fossil (FOSL) (PENN) (PETM) (BMTI) (CSTR) (TMK) (TRLG) Ratings, Price Targets
Fossil (NASDAQ: FOSL), Penn National Gaming (NASDAQ: PENN), Petsmart (NASDAQ: PETM), BioMimetic Therapeutics, Inc. (NASDAQ: BMTI), Coinstar (NASDAQ: CSTR), Torchmark Co. (NYSE: TMK) and True Religion Apparel, Inc. (NASDAQ: TRLG) had ratings and price targets on them adjusted by analysts.
Penn National Gaming (PENN) had its “Sell” rating reiterated by Goldman Sachs (NYSE:GS).
Petsmart (PETM) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
BioMimetic Therapeutics, Inc. (BMTI) had its price target raised by Collins Stewart from $4.00 to $7.00.
Coinstar (CSTR) had its price target raised by Canaccord Genuity to $57.00.
Torchmark Co. (TMK) had its price target raised by FBR Capital from $48.00 to $57.00. They have an “Outperform” rating on the company.
True Religion Apparel, Inc. (TRLG) had its price target raised by Benchmark Co. from $38.00 to $43.00. They have a “Buy” rating on the company.
Fossil (FOSL) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating. They have a price target of $100.00 on the company.
Penn National Gaming (PENN) had its “Sell” rating reiterated by Goldman Sachs (NYSE:GS).
Petsmart (PETM) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
BioMimetic Therapeutics, Inc. (BMTI) had its price target raised by Collins Stewart from $4.00 to $7.00.
Coinstar (CSTR) had its price target raised by Canaccord Genuity to $57.00.
Torchmark Co. (TMK) had its price target raised by FBR Capital from $48.00 to $57.00. They have an “Outperform” rating on the company.
True Religion Apparel, Inc. (TRLG) had its price target raised by Benchmark Co. from $38.00 to $43.00. They have a “Buy” rating on the company.
Fossil (FOSL) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating. They have a price target of $100.00 on the company.
Tuesday, February 7, 2012
Anadarko (APC) (NFX) (MMP) (CRK) (GSM) (WYNN) (CSTR) Ratings, Price Targets
Anadarko Petroleum (NYSE: APC), Newfield Exploration Co. (NYSE: NFX), Magellan Midstream (NYSE: MMP), Comstock Resources (NYSE: CRK), Globe Specialty Metals, Inc. (NYSE: GSM), Wynn Resorts, Limited (NASDAQ: WYNN) and Coinstar (NASDAQ: CSTR) had ratings and price targets on them adjusted by analysts.
Anadarko Petroleum (APC) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Newfield Exploration Co. (NFX) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $41.00 on the company, down from $44.00.
Magellan Midstream (MMP) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. They have a price target of $65.50 on the company, down from $76.00.
Comstock Resources (CRK) had its “Buy” rating reiterated by Canaccord Genuity.
Globe Specialty Metals, Inc. (GSM) had its price target raised by Auriga from $17.00 to $20.00.
Wynn Resorts, Limited (WYNN) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).
Coinstar (CSTR) had its price target raised by Benchmark Co. from $70.00 to $75.00. They have a “Buy” rating on the company.
Anadarko Petroleum (APC) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Newfield Exploration Co. (NFX) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating. They have a price target of $41.00 on the company, down from $44.00.
Magellan Midstream (MMP) was upgraded by Morgan Keegan from a “Market Perform” rating to an “Outperform” rating. They have a price target of $65.50 on the company, down from $76.00.
Comstock Resources (CRK) had its “Buy” rating reiterated by Canaccord Genuity.
Globe Specialty Metals, Inc. (GSM) had its price target raised by Auriga from $17.00 to $20.00.
Wynn Resorts, Limited (WYNN) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).
Coinstar (CSTR) had its price target raised by Benchmark Co. from $70.00 to $75.00. They have a “Buy” rating on the company.
Haynes (HAYN) (RVBD) (RWEOY) (AMLN) (AVB) (SNCR) (STT) Ratings, Price Targets
Haynes International, Inc. (NASDAQ: HAYN), Riverbed Technology, Inc. (NASDAQ: RVBD), RWE AG (NASDAQ: RWEOY), Amylin Pharma (NASDAQ: AMLN), AvalonBay Communities, Inc. (NYSE: AVB), Synchronoss Technologies, Inc. (NASDAQ: SNCR) and State Street Co. (NYSE: STT) had ratings and price targets on them adjusted by analysts.
Riverbed Technology, Inc. (RVBD) was upgraded by Pacific Crest from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $34.00 on the company.
RWE AG (RWEOY) was upgraded by HSBC (NYSE:HBC) from an “Underweight” rating to a “Neutral” rating.
Amylin Pharma (AMLN) had its price target lowered by Imperial Capital to $7.50.
AvalonBay Communities, Inc. (AVB) had its price target raised by Jefferies Group (NYSE:JEF) to $131.00.
Synchronoss Technologies, Inc. (SNCR) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
State Street Co. (STT) was downgraded by Evercore Partners from an “Overweight” rating to an “Equal Weight” rating.
Haynes International, Inc. (HAYN) had its “Buy” rating reiterated by Auriga.
Riverbed Technology, Inc. (RVBD) was upgraded by Pacific Crest from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $34.00 on the company.
RWE AG (RWEOY) was upgraded by HSBC (NYSE:HBC) from an “Underweight” rating to a “Neutral” rating.
Amylin Pharma (AMLN) had its price target lowered by Imperial Capital to $7.50.
AvalonBay Communities, Inc. (AVB) had its price target raised by Jefferies Group (NYSE:JEF) to $131.00.
Synchronoss Technologies, Inc. (SNCR) was downgraded by Avondale Partners from an “Outperform” rating to a “Market Perform” rating.
State Street Co. (STT) was downgraded by Evercore Partners from an “Overweight” rating to an “Equal Weight” rating.
Haynes International, Inc. (HAYN) had its “Buy” rating reiterated by Auriga.
Micros (MCRS) (FLT) (GILD) (HGR) (KBH) (LEN) (DRC) Ratings, Price Targets
Micros Systems (NASDAQ: MCRS), FleetCor Technologies, Inc. (NYSE: FLT), Gilead Sciences, Inc. (NASDAQ: GILD), Hanger Orthopedic (NYSE: HGR), KB Home (NYSE: KBH), Lennar Co. (NYSE: LEN) and Dresser-Rand (NYSE: DRC) had ratings and price targets on them adjusted by analysts.
FleetCor Technologies, Inc. (FLT) had its price target raised by Citigroup (NYSE:C) to $36.00.
Gilead Sciences, Inc. (GILD) had its price target raised by ThinkEquity from $50.00 to $61.00.
Hanger Orthopedic (HGR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Micros Systems (MCRS) had its “Buy” rating reiterated by Jefferies Group.
KB Home (KBH) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.
Lennar Co. (LEN) was downgraded by Raymond James from an “Outperform” rating to a “Market Perform” rating.
Dresser-Rand (DRC) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
FleetCor Technologies, Inc. (FLT) had its price target raised by Citigroup (NYSE:C) to $36.00.
Gilead Sciences, Inc. (GILD) had its price target raised by ThinkEquity from $50.00 to $61.00.
Hanger Orthopedic (HGR) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Micros Systems (MCRS) had its “Buy” rating reiterated by Jefferies Group.
KB Home (KBH) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.
Lennar Co. (LEN) was downgraded by Raymond James from an “Outperform” rating to a “Market Perform” rating.
Dresser-Rand (DRC) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Gap (GPS) (UL) (WHR) (TEVA) (TOL) (HITT) (ABMD) Ratings, Price Targets
The Gap Inc. (NYSE: GPS), Unilever (NYSE: UL), Whirlpool (NYSE: WHR), Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA), Toll Brothers, Inc. (NYSE: TOL), Hittite Microwave (NASDAQ: HITT) and Abiomed (NASDAQ: ABMD) had ratings and price targets on them adjusted by analysts.
Unilever (UL) was upgraded by Goldman Sachs (NYSE:GS) to a “Conviction Buy” rating.
Whirlpool (WHR) was upgraded by Longbow Research from a “Neutral” rating to a “Buy” rating. They have a price target of $81.00 on the company.
Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Equal Weight” rating.
Toll Brothers, Inc. (TOL) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
The Gap Inc. (GPS) was downgraded by Standpoint Research from a “Buy” rating to a “Hold” rating.
Hittite Microwave (HITT) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.
Abiomed (ABMD) had its price target raised by Piper Jaffray (NYSE:PJC) to $25.00.
Unilever (UL) was upgraded by Goldman Sachs (NYSE:GS) to a “Conviction Buy” rating.
Whirlpool (WHR) was upgraded by Longbow Research from a “Neutral” rating to a “Buy” rating. They have a price target of $81.00 on the company.
Teva Pharmaceutical Industries Ltd (TEVA) was downgraded by Morgan Stanley (NYSE:MS) from an “Overweight” rating to an “Equal Weight” rating.
Toll Brothers, Inc. (TOL) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.
The Gap Inc. (GPS) was downgraded by Standpoint Research from a “Buy” rating to a “Hold” rating.
Hittite Microwave (HITT) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.
Abiomed (ABMD) had its price target raised by Piper Jaffray (NYSE:PJC) to $25.00.
Monday, February 6, 2012
Marathon (MPC) (NOA) (MCEP) (RDS-A) (SEP) (LNT) Ratings, Price Targets
Marathon Petroleum (NYSE: MPC), North American Energy Partners (NYSE: NOA), Mid-Con Energy Partners (NASDAQ: MCEP), Royal Dutch Shell (NASDAQ: RDS-A), Spectra Energy Partners, LP (NYSE: SEP) and Alliant Energy (NYSE: LNT) had ratings and price targets on them adjusted by analysts.
Marathon Petroleum (MPC) had its price target raised by Oppenheimer (NYSE:OPY) from $42.00 to $55.00. They have an “Outperform” rating on the company.
North American Energy Partners (NOA) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Mid-Con Energy Partners (MCEP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $23.00 on the company.
Royal Dutch Shell (RDS-A) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Alliant Energy (LNT) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Marathon Petroleum (MPC) had its price target raised by Oppenheimer (NYSE:OPY) from $42.00 to $55.00. They have an “Outperform” rating on the company.
North American Energy Partners (NOA) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Mid-Con Energy Partners (MCEP) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $23.00 on the company.
Royal Dutch Shell (RDS-A) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Alliant Energy (LNT) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Wynn (WYNN) (VRTX) (ATML) (ACAT) (ACLS) (EMN) (EXP) Ratings, Price Targets
Wynn Resorts, Limited (NASDAQ: WYNN), Vertex Pharmaceuticals (NASDAQ: VRTX), Atmel (NASDAQ: ATML), Arctic Cat Inc. (NASDAQ: ACAT), Axcelis Technologies (NASDAQ: ACLS), Eastman Chemical (NYSE: EMN) and Eagle Materials, Inc. (NYSE: EXP) had ratings and price targets on them adjusted by analysts.
Vertex Pharmaceuticals (VRTX) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.
Atmel (ATML) had its “Buy” rating reiterated by Canaccord Genuity.
Wynn Resorts, Limited (WYNN) was downgraded by Lazard Capital from a “Buy” rating to a “Neutral” rating.
Arctic Cat Inc. (ACAT) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong-Buy” rating. They have a price target of $46.00 on the stock, up from $37.00.
Axcelis Technologies (ACLS) was upgraded by Craig Hallum from a “Hold” rating to a “Buy” rating.
Eastman Chemical (EMN) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Buy” rating.
Eagle Materials, Inc. (EXP) was upgraded by Sidoti from a “Neutral” rating to a “Buy” rating.
Vertex Pharmaceuticals (VRTX) was downgraded by Cowen from an “Outperform” rating to a “Neutral” rating.
Atmel (ATML) had its “Buy” rating reiterated by Canaccord Genuity.
Wynn Resorts, Limited (WYNN) was downgraded by Lazard Capital from a “Buy” rating to a “Neutral” rating.
Arctic Cat Inc. (ACAT) was upgraded by Feltl & Co. from a “Buy” rating to a “Strong-Buy” rating. They have a price target of $46.00 on the stock, up from $37.00.
Axcelis Technologies (ACLS) was upgraded by Craig Hallum from a “Hold” rating to a “Buy” rating.
Eastman Chemical (EMN) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Buy” rating.
Eagle Materials, Inc. (EXP) was upgraded by Sidoti from a “Neutral” rating to a “Buy” rating.
Target (TGT) (SIMG) (SWN) (TDC) (CI) (CLB) Ratings, Price Targets
Target Corp. (NYSE: TGT), Silicon Image, Inc. (NASDAQ: SIMG), Southwestern Energy (NYSE: SWN), Teradata Co. (NYSE: TDC), CIGNA Co. (NYSE: CI) and Core Labs (NYSE: CLB) had ratings and price targets on them adjusted by analysts.
Silicon Image, Inc. (SIMG) had its “Buy” rating reiterated by Needham & Company.
Target Corp. (TGT) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Credit Suisse (NYSE:CS) initiated coverage on Southwestern Energy (SWN). They placed an “Underperform” rating and a price target of $28.00 on the company.
FBN Securities initiated coverage on Teradata Co. (TDC). They placed an “Outperform” rating and a price target of $60.00 on the company.
CIGNA Co. (CI) had its price target lowered by Deutsche Bank (NYSE:DB) to $61.00.
Core Labs (CLB) had its price target raised by FBR Capital from $115.00 to $128.00. They have a “Market Perform” rating on the company.
Silicon Image, Inc. (SIMG) had its “Buy” rating reiterated by Needham & Company.
Target Corp. (TGT) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Credit Suisse (NYSE:CS) initiated coverage on Southwestern Energy (SWN). They placed an “Underperform” rating and a price target of $28.00 on the company.
FBN Securities initiated coverage on Teradata Co. (TDC). They placed an “Outperform” rating and a price target of $60.00 on the company.
CIGNA Co. (CI) had its price target lowered by Deutsche Bank (NYSE:DB) to $61.00.
Core Labs (CLB) had its price target raised by FBR Capital from $115.00 to $128.00. They have a “Market Perform” rating on the company.
Cisco (CSCO) (ANF) (CAVM) (NVLS) (RCL) (ROP) Ratings, Price Targets
Cisco Systems, Inc. (NASDAQ: CSCO), Abercrombie & Fitch (NYSE: ANF), Cavium Networks, Inc. (NASDAQ: CAVM), Novellus Systems, Inc. (NASDAQ: NVLS), Royal Caribbean Cruises Ltd. (NYSE: RCL) and Roper Industries (NYSE: ROP) had ratings and price targets on them adjusted by analysts.
Abercrombie & Fitch (ANF) had its “Neutral” rating reiterated by Nomura (NYSE:NMR).
Cavium Networks, Inc. (CAVM) had its price target raised by Auriga from $37.00 to $41.00. They have a “Buy” rating on the company.
Cisco Systems, Inc. (CSCO) had its price target raised by Stifel Nicolaus from $20.00 to $23.00. They have a “Buy” rating on the company.
Novellus Systems, Inc. (NVLS) had its price target raised by UBS AG (NYSE:UBS) from $44.00 to $51.00. They have a “Neutral” rating on the company.
Royal Caribbean Cruises Ltd. (RCL) had its price target lowered by Jefferies Group (NYSE:JEF) to $34.00.
Roper Industries (ROP) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $79.00.
Abercrombie & Fitch (ANF) had its “Neutral” rating reiterated by Nomura (NYSE:NMR).
Cavium Networks, Inc. (CAVM) had its price target raised by Auriga from $37.00 to $41.00. They have a “Buy” rating on the company.
Cisco Systems, Inc. (CSCO) had its price target raised by Stifel Nicolaus from $20.00 to $23.00. They have a “Buy” rating on the company.
Novellus Systems, Inc. (NVLS) had its price target raised by UBS AG (NYSE:UBS) from $44.00 to $51.00. They have a “Neutral” rating on the company.
Royal Caribbean Cruises Ltd. (RCL) had its price target lowered by Jefferies Group (NYSE:JEF) to $34.00.
Roper Industries (ROP) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $79.00.
Saturday, February 4, 2012
Chesapeake (CHK), Sierra Club in Donation Scandal
Chesapeake Energy (NYSE: CHK) donated over $26 million to the Sierra Club over a four-year period which ended in 2010, prompting angry responses from their competitors in the coal industry.
The scandalous conflict of interest came about from the reception by the controversial Sierra Club of the millions via its "Beyond Coal" campaign.
National Mining Association spokesman Luke Popovich blasted the alliance, saying rightly of the Sierra Club, "The Club demonstrates both its hypocrisy and its incompetence. It takes dictation and money from the very industry its members condemn for threatening ground water.
"And its support for gas as the bridge fuel has ironically dampened investment in renewable energy which the Club claims to support. With friends like the Sierra Club, the renewable energy industry doesn't need any enemies."
Cecil Roberts, president of the United Mine Workers of America, just as adamantly responded, saying, "The Sierra Club used secret gas industry funding to actively work to suppress the building of hundreds of next-generation coal-fired power plants across the country."
Chesapeake Energy spokesman Jim Gipson stated the sweetheart deal was agreed to be mutually ended in 2010 by them and the Sierra Club.
Chesapeake has been scaling back on production as natural gas prices continue to be under pressure from the huge supply.
Credit Suisse initiated coverage on Chesapeake, starting them off with a "Neutral" rating and price target of $23.00.
The scandalous conflict of interest came about from the reception by the controversial Sierra Club of the millions via its "Beyond Coal" campaign.
National Mining Association spokesman Luke Popovich blasted the alliance, saying rightly of the Sierra Club, "The Club demonstrates both its hypocrisy and its incompetence. It takes dictation and money from the very industry its members condemn for threatening ground water.
"And its support for gas as the bridge fuel has ironically dampened investment in renewable energy which the Club claims to support. With friends like the Sierra Club, the renewable energy industry doesn't need any enemies."
Cecil Roberts, president of the United Mine Workers of America, just as adamantly responded, saying, "The Sierra Club used secret gas industry funding to actively work to suppress the building of hundreds of next-generation coal-fired power plants across the country."
Chesapeake Energy spokesman Jim Gipson stated the sweetheart deal was agreed to be mutually ended in 2010 by them and the Sierra Club.
Chesapeake has been scaling back on production as natural gas prices continue to be under pressure from the huge supply.
Credit Suisse initiated coverage on Chesapeake, starting them off with a "Neutral" rating and price target of $23.00.
EOG (EOG) (ATPG) (MRO) (CNP) (DNDN) (FXEN) Ratings, Price Targets
EOG Resources (NYSE: EOG), ATP Oil & Gas Co. (NASDAQ: ATPG), Marathon Oil Co. (NYSE: MRO), CenterPoint Energy, Inc. (NYSE: CNP), Dendreon Co. (NASDAQ: DNDN) and FX Energy, Inc. (NASDAQ: FXEN) had ratings and price targets on them adjusted by analysts.
Credit Suisse initiated coverage on EOG Resources (EOG). They placed a “Neutral” rating and a price target of $120.00 on the company.
ATP Oil & Gas Co. (ATPG) was downgraded by Rodman & Renshaw from an “Outperform” rating to a “Market Perform” rating.
Marathon Oil Co. (MRO) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
CenterPoint Energy, Inc. (CNP) was upgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating.
Dendreon Co. (DNDN) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
FX Energy, Inc. (FXEN) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Credit Suisse initiated coverage on EOG Resources (EOG). They placed a “Neutral” rating and a price target of $120.00 on the company.
ATP Oil & Gas Co. (ATPG) was downgraded by Rodman & Renshaw from an “Outperform” rating to a “Market Perform” rating.
Marathon Oil Co. (MRO) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
CenterPoint Energy, Inc. (CNP) was upgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating.
Dendreon Co. (DNDN) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
FX Energy, Inc. (FXEN) was upgraded by Pritchard from a “Neutral” rating to a “Buy” rating.
Friday, February 3, 2012
Apache (APA) Growth Expected After Recent Acquisitions
After a couple of recent acquisitions, Apache Corporation (NYSE:APA) has received new coverage from Credit Suisse, which started the company off with an "Outperform" rating. They also placed a price target of $120.00 on Apache.
Apache announced it will Mariner Energy for $2.7 billion, which will give them significant exposure to the deepwater Gulf of Mexico, where its presence has been minimal.
While not as important, the deal will expand an already strong position in the Permian Basin and shallow waters of the Gulf.
Devon Energy sold Apache its shallow water Gulf assets for $1 billion. That makes them the largest player in that area.
In another deal, Apache has acquired 254,000 net acres in the Anadarko Basin from Cordillera Energy Partners III LLC, for $2.85 billion.
All of this points to Apache being strongly positioned for future growth.
Apache announced it will Mariner Energy for $2.7 billion, which will give them significant exposure to the deepwater Gulf of Mexico, where its presence has been minimal.
While not as important, the deal will expand an already strong position in the Permian Basin and shallow waters of the Gulf.
Devon Energy sold Apache its shallow water Gulf assets for $1 billion. That makes them the largest player in that area.
In another deal, Apache has acquired 254,000 net acres in the Anadarko Basin from Cordillera Energy Partners III LLC, for $2.85 billion.
All of this points to Apache being strongly positioned for future growth.
Iran Will Retaliate for Oil Embargo Say Khamenei
With Iran under pressure from the sanctions implemented by the west, Ayatollah Ali Khamenei, considered the supreme leader of Iran, said in a televised speech that the country will retaliate.
This came about because of the decision by Iran to continue its nuclear program, as it started to enrich uranium in January, which resulted in sanctions being imposed on the country by Europe and the United States.
The sanctions are in regard to selling oil, which has been effective, as it has pressured the Iranian economy downward in a short time.
How the sanctions were put in place is any country that interacts with the central bank of Iran will not be allowed access to the financial system of the United States. A week ago Europe took similar measures.
The sanctions are partial at this time, with some countries being given waivers to gradually stop doing business with Iran. That was put in place so the energy markets would remain steady.
All of this is being done in hopes of stopping what most feel is an inevitable military strike by Israel against Iran to stop a nuclear device from being made in the country. That would undoubtedly ignite and rally the Arab world to Tehran, and it could bring about a world war in the worst case scenario, depending on how countries respond. Russia and China are strongly opposed to the sanctions.
Defense Secretary Leon Panetta recently stated he believes Israel will bomb Iran in a matter of months if it appears a nuclear device is close to being completed.
This came about because of the decision by Iran to continue its nuclear program, as it started to enrich uranium in January, which resulted in sanctions being imposed on the country by Europe and the United States.
The sanctions are in regard to selling oil, which has been effective, as it has pressured the Iranian economy downward in a short time.
How the sanctions were put in place is any country that interacts with the central bank of Iran will not be allowed access to the financial system of the United States. A week ago Europe took similar measures.
The sanctions are partial at this time, with some countries being given waivers to gradually stop doing business with Iran. That was put in place so the energy markets would remain steady.
All of this is being done in hopes of stopping what most feel is an inevitable military strike by Israel against Iran to stop a nuclear device from being made in the country. That would undoubtedly ignite and rally the Arab world to Tehran, and it could bring about a world war in the worst case scenario, depending on how countries respond. Russia and China are strongly opposed to the sanctions.
Defense Secretary Leon Panetta recently stated he believes Israel will bomb Iran in a matter of months if it appears a nuclear device is close to being completed.
Ameristar (ASCA) (SLTM) (CNQR) (JDSU) (LVS) (CALD) Ratings, Price Targets
Ameristar Casinos (NASDAQ: ASCA), Solta Medical Inc. (NASDAQ: SLTM), Concur Technologies, Inc. (NASDAQ: CNQR), JDS Uniphase Co. (NASDAQ: JDSU), Las Vegas Sands Corp. (NYSE: LVS) and Callidus Software Inc. (NASDAQ: CALD) had ratings and price targets on them adjusted by analysts.
Ameristar Casinos (ASCA) had its “Neutral” rating reiterated by Sterne Agee. They now have a price target of $21.00 on the company.
Solta Medical Inc. (SLTM) had its “Buy” rating reiterated by Canaccord Genuity.
Concur Technologies, Inc. (CNQR) had its price target raised by Deutsche Bank to $55.00.
JDS Uniphase Co. (JDSU) had its price target raised by Stifel Nicolaus to $19.00.
Las Vegas Sands Corp. (LVS) had its price target raised by Stifel Nicolaus from $61.00 to $63.00. They have a “Buy” rating on the company.
Callidus Software Inc. (CALD) was downgraded by B. Riley from a “Buy” rating to a “Neutral” rating.
Ameristar Casinos (ASCA) had its “Neutral” rating reiterated by Sterne Agee. They now have a price target of $21.00 on the company.
Solta Medical Inc. (SLTM) had its “Buy” rating reiterated by Canaccord Genuity.
Concur Technologies, Inc. (CNQR) had its price target raised by Deutsche Bank to $55.00.
JDS Uniphase Co. (JDSU) had its price target raised by Stifel Nicolaus to $19.00.
Las Vegas Sands Corp. (LVS) had its price target raised by Stifel Nicolaus from $61.00 to $63.00. They have a “Buy” rating on the company.
Callidus Software Inc. (CALD) was downgraded by B. Riley from a “Buy” rating to a “Neutral” rating.
GMX (GMXR) (UNS) (SD) (AVNW) (SHOR) Ratings, Price Targets
GMX Resources Inc. (NASDAQ: GMXR), Unisource Energy (NYSE: UNS), SandRidge Energy Inc. (NYSE: SD), Aviat Networks, Inc. (NASDAQ: AVNW) and ShoreTel (NASDAQ: SHOR) had ratings and price targets on them adjusted by analysts.
Unisource Energy (UNS) was upgraded by Jefferies Group (NYSE:JEF) from a “Hold” rating to a “Buy” rating.
GMX Resources Inc. (GMXR) was upgraded by Stifel Nicolaus from a “Sell” rating to a “Hold” rating.
SandRidge Energy Inc. (SD) had its price target lowered by Ladenburg Thalmann from $10.00 to $9.00.
SandRidge Energy Inc. (SD) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $10.00 on the company.
Aviat Networks, Inc. (AVNW) had its “Buy” rating reiterated by Needham & Company.
ShoreTel (SHOR) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.
Unisource Energy (UNS) was upgraded by Jefferies Group (NYSE:JEF) from a “Hold” rating to a “Buy” rating.
GMX Resources Inc. (GMXR) was upgraded by Stifel Nicolaus from a “Sell” rating to a “Hold” rating.
SandRidge Energy Inc. (SD) had its price target lowered by Ladenburg Thalmann from $10.00 to $9.00.
SandRidge Energy Inc. (SD) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $10.00 on the company.
Aviat Networks, Inc. (AVNW) had its “Buy” rating reiterated by Needham & Company.
ShoreTel (SHOR) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.
Thursday, February 2, 2012
Amazon.com (AMZN) Ratings, Price Targets
Amazon.com, Inc. (NASDAQ: AMZN) ratings and price targets.
Amazon.com, Inc. (AMZN) had its price target lowered by analysts at Oppenheimer from $255.00 to $234.00. They now have an “outperform” rating on the stock.
Amazon.com, Inc. had its price target lowered by Jefferies Group (NYSE:JEF) to $225.00.
Amazon.com, Inc. had its price target lowered by Deutsche Bank (NYSE:DB) to $235.00.
Amazon.com, Inc. had its price target lowered by Collins Stewart to $180.00.
Amazon.com, Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $210.00.
Amazon.com, Inc. had its price target lowered by Goldman Sachs (NYSE:GS) to $182.00.
Amazon.com, Inc. (AMZN) had its price target lowered by analysts at Oppenheimer from $255.00 to $234.00. They now have an “outperform” rating on the stock.
Amazon.com, Inc. had its price target lowered by Jefferies Group (NYSE:JEF) to $225.00.
Amazon.com, Inc. had its price target lowered by Deutsche Bank (NYSE:DB) to $235.00.
Amazon.com, Inc. had its price target lowered by Collins Stewart to $180.00.
Amazon.com, Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $210.00.
Amazon.com, Inc. had its price target lowered by Goldman Sachs (NYSE:GS) to $182.00.
Marathon (MPC) (ETR) (SUN) (EEQ) (GTE) (SXC) Ratings, Price Targets
Marathon Petroleum (NYSE: MPC), Entergy Corp. (NYSE: ETR), Sunoco Incorporated (NYSE: SUN), Enbridge Energy Management, L.L.C. (NYSE: EEQ), Gran Tierra Energy Inc. (NYSE: GTE) and Suncoke Energy (NYSE: SXC) ratings and price targets.
Marathon Petroleum (MPC) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Entergy Corp. (ETR) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Sunoco Incorporated (SUN) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Enbridge Energy Management, L.L.C. (EEQ) was downgraded by Wells Fargo & Co. (NYSE:WFC) to a “Market Perform” rating.
Gran Tierra Energy Inc. (GTE) was downgraded by Tudor Pickering to an “Accumulate” rating.
Credit Suisse (NYSE:CS) initiated coverage on Suncoke Energy (SXC). They placed an “Outperform” rating on the company.
Marathon Petroleum (MPC) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Entergy Corp. (ETR) had its “Hold” rating reiterated by Jefferies Group (NYSE:JEF).
Sunoco Incorporated (SUN) was downgraded by Barclays Capital (NYSE:BCS) from an “Overweight” rating to an “Equal Weight” rating.
Enbridge Energy Management, L.L.C. (EEQ) was downgraded by Wells Fargo & Co. (NYSE:WFC) to a “Market Perform” rating.
Gran Tierra Energy Inc. (GTE) was downgraded by Tudor Pickering to an “Accumulate” rating.
Credit Suisse (NYSE:CS) initiated coverage on Suncoke Energy (SXC). They placed an “Outperform” rating on the company.
Radisys (RSYS) (STX) (ISS) (AXE) (AZPN) (ANGO) Ratings, Price Targets
Radisys Corporation (NASDAQ: RSYS), Seagate (NYSE: STX), iSoftStone Holdings Ltd (NYSE: ISS), Anixter International (NYSE: AXE), Aspen Technology, Inc. (NASDAQ: AZPN) and AngioDynamics (NASDAQ: ANGO) ratings and price targets.
Radisys Corporation (RSYS) had its “Buy” rating reiterated by Needham & Company.
Seagate (STX) had its “Positive” rating reiterated by Needham & Company.
Roth Capital initiated coverage on iSoftStone Holdings Ltd (ISS). They placed a “Buy” rating on the company.
Anixter International (AXE) had its price target raised by Stifel Nicolaus to $78.50.
Aspen Technology, Inc. (AZPN) had its price target raised by Benchmark Co. from $19.00 to $22.00. They have a “Buy” rating on the company.
AngioDynamics (ANGO) was downgraded by Gabelli to a “Hold” rating. They have a price target of $372.00 on the company.
Radisys Corporation (RSYS) had its “Buy” rating reiterated by Needham & Company.
Seagate (STX) had its “Positive” rating reiterated by Needham & Company.
Roth Capital initiated coverage on iSoftStone Holdings Ltd (ISS). They placed a “Buy” rating on the company.
Anixter International (AXE) had its price target raised by Stifel Nicolaus to $78.50.
Aspen Technology, Inc. (AZPN) had its price target raised by Benchmark Co. from $19.00 to $22.00. They have a “Buy” rating on the company.
AngioDynamics (ANGO) was downgraded by Gabelli to a “Hold” rating. They have a price target of $372.00 on the company.
Wednesday, February 1, 2012
Brady (BRC) (ANDE) (BCS) (BIO) (SHLM) Ratings, Price Targets
Brady Co. (NYSE: BRC), The Andersons, Inc. (NASDAQ: ANDE), Barclays Capital (NYSE: BCS), Bio-Rad Labs (NYSE: BIO) and A Schulman (NASDAQ: SHLM) ratings and price targets.
The Andersons, Inc. (ANDE) was downgraded by Piper Jaffray (NYSE:PJC) from an “Overweight” rating to a “Neutral” rating.
Barclays Capital (BCS) was downgraded by WestLB to a “Buy” rating.
Bio-Rad Labs (BIO) was downgraded by Credit Agricole from an “Outperform” rating to an “Underperform” rating.
Brady Co. (BRC) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
A Schulman (SHLM) was upgraded by Northcoast Research from a “Neutral” rating to a “Buy” rating.
The Andersons, Inc. (ANDE) was downgraded by Piper Jaffray (NYSE:PJC) from an “Overweight” rating to a “Neutral” rating.
Barclays Capital (BCS) was downgraded by WestLB to a “Buy” rating.
Bio-Rad Labs (BIO) was downgraded by Credit Agricole from an “Outperform” rating to an “Underperform” rating.
Brady Co. (BRC) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
A Schulman (SHLM) was upgraded by Northcoast Research from a “Neutral” rating to a “Buy” rating.
Viacom (VIA) (VR) (OTTR) (RSH) (ST) (VECO) Ratings, Price Targets
Viacom Inc. (NYSE: VIA), Validus Holdings, Ltd. (NYSE: VR), Otter Tail Co. (NASDAQ: OTTR), RadioShack (NYSE: RSH), Sensata Tech (NYSE: ST) and Veeco Instruments Inc. (NASDAQ: VECO) ratings and price targets.
Viacom Inc. (VIA) was upgraded by Miller Tabak to a “Buy” rating.
Validus Holdings, Ltd. (VR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
Otter Tail Co. (OTTR) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
RadioShack (RSH) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Sensata Tech (ST) was downgraded by Oppenheimer from an “Outperform” rating to a “Market Perform” rating. They have a price target of $33.00 on the company, down from $35.00.
BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
Viacom Inc. (VIA) was upgraded by Miller Tabak to a “Buy” rating.
Validus Holdings, Ltd. (VR) was upgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Overweight” rating.
Otter Tail Co. (OTTR) was downgraded by Sidoti from a “Buy” rating to a “Neutral” rating.
RadioShack (RSH) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Sensata Tech (ST) was downgraded by Oppenheimer from an “Outperform” rating to a “Market Perform” rating. They have a price target of $33.00 on the company, down from $35.00.
BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
NIKE (NKE) (TCB) (TNB) (NYX) (AMCX) (BBT) Ratings, Price Targets
NIKE, Inc. (NYSE: NKE), TCF Financial Co. (NYSE: TCB), Thomas & Betts Co. (NYSE: TNB), NYSE Euronext (NYSE: NYX), AMC Networks (NASDAQ: AMCX) and BB&T (NYSE: BBT) ratings and price targets.
NIKE, Inc. (NKE) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $118.00 on the company.
TCF Financial Co. (TCB) was downgraded by Morgan Stanley (NYSE:MS) to an “Equal Weight” rating.
Thomas & Betts Co. (TNB) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
NYSE Euronext (NYX) was upgraded by CLSA from an “Underperform” rating to a “Buy” rating.
Caris & Company initiated coverage on AMC Networks (AMCX). They placed a “Below Average” rating on the company.
Wunderlich initiated coverage on BB&T (BBT). They placed a “Buy” rating and a price target of $34.00 on the company.
NIKE, Inc. (NKE) was upgraded by Argus from a “Hold” rating to a “Buy” rating. They have a price target of $118.00 on the company.
TCF Financial Co. (TCB) was downgraded by Morgan Stanley (NYSE:MS) to an “Equal Weight” rating.
Thomas & Betts Co. (TNB) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
NYSE Euronext (NYX) was upgraded by CLSA from an “Underperform” rating to a “Buy” rating.
Caris & Company initiated coverage on AMC Networks (AMCX). They placed a “Below Average” rating on the company.
Wunderlich initiated coverage on BB&T (BBT). They placed a “Buy” rating and a price target of $34.00 on the company.
Walter (WLT) (PRGN) (AMCX) (ARQL) (OKS) (REXX) Ratings, Price Targets
Walter Energy (NYSE: WLT), Paragon Shipping (NASDAQ: PRGN), AMC Networks (NASDAQ: AMCX), Arqule Inc. (NASDAQ: ARQL), Oneok Partners LP (NYSE: OKS) and Rex Energy (NASDAQ: REXX) ratings and price targets.
Walter Energy (WLT) was upgraded by Sterne Agee from an “Underperform” rating to a “Neutral” rating.
Paragon Shipping (PRGN) was downgraded by Cantor Fitzgerald from a “Buy” rating to a “Sell” rating.
Caris & Co. initiated coverage on AMC Networks (AMCX). They placed an “Average” rating on the company.
RBC Capital initiated coverage on Arqule Inc. (ARQL). They placed an “Outperform” rating and a price target of $11.00 on the company.
Oneok Partners LP (OKS) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
Rex Energy (REXX) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
Walter Energy (WLT) was upgraded by Sterne Agee from an “Underperform” rating to a “Neutral” rating.
Paragon Shipping (PRGN) was downgraded by Cantor Fitzgerald from a “Buy” rating to a “Sell” rating.
Caris & Co. initiated coverage on AMC Networks (AMCX). They placed an “Average” rating on the company.
RBC Capital initiated coverage on Arqule Inc. (ARQL). They placed an “Outperform” rating and a price target of $11.00 on the company.
Oneok Partners LP (OKS) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.
Rex Energy (REXX) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
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