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StanCorp Financial (SFG) Target Cut at McAdams Wright Ragen

StanCorp Financial Group (SFG) received a “buy” reiteration today from securities research analysts at investment firm McAdams Wright Ragen.  The firm also cut their performance outlook for SFG by adjusting its price target nearly ten dollars from $52 to $41 dollars.  Firm noted that for a second quarter in a row that the benefit ratio at StanCorp surpassed estimates regarding guidance and noted that at current share valuation the company is attractive. SFG gapped south at the end of trading last week and today SFG was unable to... 
 

Spectra Energy Partners (SEP) Target Cut at Wunderlich

Spectra Energy Partners (SEP) received a “hold” reiteration today from securities research analysts at investment firm Wunderlich.  The firm also cut their performance outlook for SEP  by adjusting their price target from $37 to $35 dollars.  Wunderlich said that their price cut was based on diminished distribution growth outlook. SEP made its very first gain of this week of trading, on the last day of trading.  SEP is still reeling from the 52-week low of $29.64 which was set on June 17th, 2011.  It had made good headway until... 
 

Apple Inc. (AAPL) Target Increased at ISI Group

Apple Inc. (AAPL) received a “buy” reiteration today from securities research analysts at investment firm ISI Group.  ISI also increased their performance outlook for Apple by adjusting their price target from $425 to $480 dollars.  ISI noted that Apple is undergoing a new product launch sequence which will boost revenue courtesy of a new iPhone model and iPad production being ramped even further.  With these factors combined, ISI raises their price target based on their view that AAPL is entering a new phrase of strength on the... 
 

Transcept Pharmaceuticals, Inc. (TSPT) Target Cut at MLV Capital

Transcept Pharmaceuticals, Inc. (TSPT) received a “buy” reiteration today from securities research analysts at investment firm MLV Capital.  The firm however did cut their performance outlook for TSPT and adjusting their price target from $20 to $15 dollars.  MLV Capital noted that their target cut is based on the company delaying their Intermezzo product by 12 months (assumed) however MLV notes they remain upbeat about Intermezzo and find it is still a viable product. The market has not been kind to TSPT, it has lost nearly three... 
 

Renesola Ltd. (SOL) Target Lowered at Collins Stewart

Renesola Ltd. (SOL) received a “neutral” reiteration today from securities research analysts at investment firm Collins Stewart.  The firm also cut their performance outlook on SOL and adjusted their price target from $6.50 to $3.60 dollars.  Collins noted that their target cut is due to recent guidance issued by the company which is now at $235 to $245 million or revenue, down from a previous guidance outlook of $280 to $300 million dollars of potential revenue.  Lastly, Collins does not find the wafer segment attractive to investors... 
 

Gen-Probe (GPRO) Target Cut at Canaccord Genuity

Gen-Probe (GPRO) received a “hold” reiteration today from securities research analysts at investment firm Canaccord Genuity.  The firm originally believed that Gen-Probe was a “takeover candidate” of Novartis, which no longer looks to be the case.  As a result, Canaccord retains “hold” on GPRO and cuts their former price target performance outlook of $88 to $75 dollars. Shares of GPRO slipped further during intraday trading and has been unable to post a daily gain for three consecutive trading days now.  Support... 
 

MIPS Technologies (MIPS) Target Cut at Benchmark Company

MIPS Technologies, Inc. (MIPS) received a “buy” reiteration today from securities research analysts at investment firm The Benchmark Company.  The buy reiteration however did not prevent MIPS from receiving a decreased performance outlook price target.  Benchmark lowered MIPS from $15 to $11 dollars.  Benchmark noted that they believe investor confidence has been relegated to being pessimistic regarding the company and due to this feel that MIPS provides a good risk, reward play. MIPS had a solid 2010 run in which share valuation... 
 

Herbalife LTD (HLF) Target Increased at Argus

Herbalife LTD (HLF) received a “buy” reiteration today from securities research analysts at investment firm Argus.  Argus also increased their performance out on Herbalife by increasing their price target from $63 to $68 dollars.  Argus also noted that Herbalife is a play in which should increase in value with economic recovery and points out shares are up 75% year-to-date. Argus is not joking when they said shares are up 75% year-to-date.  Looking at the daily chart of Herbalife shows commendable success in a market that is saturated... 
 

QUALCOMM (QCOM) Target Increases at Sterne Agee

QUALCOMM (QCOM) received a “buy” reiteration today from securities research analysts at investment firm Sterne Agee.  Agee also increased their performance outlook for QUALECOMM  by adjusting their price target from $62 to $65 dollars.  Agee notes that the company should benefit from increased sales in China while pointing out WCDMA phones such as the ZTE Blade which is powered by QUALCOMM. QCOM has increasingly done well over the past few weeks on the market after rebounding from an intraday low of $52.13 on June 20th, 2011.  During... 
 

Apollo Group, Inc. (APOL) Target Increased at FBR Capital

Apollo Group, Inc. (APOL) received a “market perform” reiteration today from securities research analysts at investment firm FBR Capital.  FBR also raised their performance outlook for APOL by adjusting their price target slightly from $45 to $47 dollars.  FBR noted that despite new starts are under pressure that Apollo’s management team is taking appropriate measures to ensure student outcomes increase. APOL gapped up at the beginning of the normal market session after earnings were released yesterday after the market close. ... 
 

QUALCOMM (QCOM) Target Raised at Canaccord Genuity

QUALCOMM (QCOM) received a “buy” reiteration today from securities research analysts at investment firm Canaccord Genuity.  Canaccord also raised their performance outlook for QUALCOMM and slightly adjusted their price target from $70 to $72 dollars.  Canaccord noted that devices featuring 3G and 4G-LTE standards using their products are in strong demand.  They also believe that QUALCOMM will make headway into increased market market. Canaccord’s target increase surely did not hinder the performance of QCOM on the market today. ... 
 

Synnex (SNX) Target Cut at Brean Murray

Synnex (SNX) received a “buy” reiteration today from securities research analysts at investment firm Brean Murray.  Murray also cut their performance outlook for Synnex  by adjusting their price target from $43 to $40 dollars.  Murray noted that August Q guidance was soft compared to consensus due to weak consumer information technology demand and weak operating margin in the second half of 2011. SNX dropped at the beginning of the normal market session this morning, however, shares did regain a considerable portion of today’s... 
 

Cabot Oil & Gas (COG) Target Increased at Howard Weil

Cabot Oil & Gas (C0G) received a “market perform” reiteration today from securities research analysts at investment firm Howard Weil.  Weil also substantially increased their performance outlook for Cabot by adjusting their price target from $50 to $75 dollars.  Weil noted that their large target increase was to reflect valuation of Cabot’s Marcellus acreage of Eagle Ford shale. COG has set a new 52-week high today and has so far reached $65.76 at 2:02 P.M., Eastern.  COG lumbered through 2010 trading until a new intermediate... 
 

Cisco Systems (CSCO) Target Cut at Auriga, Retains Hold Rating

Cisco Systems (CSCO) received a “hold” reiteration today from securities research analysts at investment firm Auriga.  The firm also cut their performance outlook for Cisco and adjusted their price target from $19 to $16 dollars.  Auriga noted that their decreased performance outlook for Cisco is due to the fact they anticipate the company to continue being under margin and and growth pressure.  Notable is that Auriga said they believe that switching technology will accelerate in being a commodity which will ultimately put a damper... 
 

TIBCO Software (TIBX) Target Increased at Macquarie

TIBCO Software (TIBX) received a “neutral” reiteration today from securities research analysts at investment firm Macquarie.  Macquarie also raised their performance outlook for TIBX  by adjusting their price target from $24 to $27 dollars.  Macquarie noted their target increase was partly due to TIBCO F2Q figures exceeding guidance and that it portrays demand of their products. TIBX gapped up at the open of trading and proceeded to make bullish headway until 10:15 AM Eastern.  Afterward, shares have been relegated to a pullback... 
 
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