Monday, February 13, 2012

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.

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