Home » Archive for June, 2011

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. ... 
 

International Rectifier (IRF) Initated as Market Outperform at JMP Securities

International Rectifier (IRF) has been initiated today with coverage from the research analysts at JMP Securities.  JPM begins this new coverage of IRF with an initial price target set at $32 dollars and rates performance of the stock as “market outperform.”  JPM noted that due to design wins they see intermediate upside to earnings estimations.  Some of the design wins entailed are in cloud computing, automotive and appliance applications. 2011 traded began well for shares of of IRF as 2011 was particularly strong post-September,... 
 

Liberty Media (LCAPA) Upgraded to Buy at Deutsche Bank

Liberty Media (LCAPA) has been upgraded today by the securities research analysts at investment firm Deutsche Bank which heightened Liberty Media from a “hold” rating to “buy.”  Deutsche Bank substantially raised their performance outlook for Liberty Media and adjusted their price target from $68 to $100 dollars.  The bank noted that a portion of their upgraded outlook for LCAPA is due to a SIRI monetization transaction that is currently clouded with disagreement is expected to disperse. LCAPA gapped up at the beginning... 
 

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... 
 

Amdocs Limited (DOX) Upgraded to Outperform at Wedbush

Amdocs Limited (DOX) has been upgraded today by the securities research analysts at investment firm Wedbush which raised Amdocs from a “underperform” rating to “outperform.”  Wedbush also increased their performance outlook for DOX and adjusted their price target from $32 to $37 dollars.  Wedbush noted that they are confident that the company can attain the upper end of their 4 to 6 percent growth expectations via M&A and transition to billing based on usage. DOX entered 2011 trading after experiencing a substantial... 
 

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... 
 

Valero Energy (VLO) Coverage Begins as Buy at UBS

Valero Energy (VLO) has been initiated today with coverage from the research analysts at UBS.  UBS begins this new coverage of Valero Energy with an initial price target set at $33 and rates performance of VLO as “buy.”  UBS noted that recovering diesel prices sets Valero up as a good long-position play.  Additionally, UBS mentioned that Valero has 60% of its refinery operations within the United States gulf coast which enables it to export to global markets quickly. Between Monday trading and today’s, VLO has almost managed... 
 

Whiting Petroleum (WLL) Upgraded to Outperform at Boenning & Scattergood

Whiting Petroleum (WLL) has been upgraded today by the securities research analysts at investment firm Boenning & Scattergood which raised Whiting from a “neutral” rating to “outperform.”  Boenning & Scattergood has a $20 dollar performance outlook set for shares of WLL.  The firm notes that they find shares of WLL to be trading at discount prices, pointing out that the drawdown that WLL has been enduring recently makes for a good entry point based on risk, reward. As Boenning & Scattergood indicated, shares... 
 

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... 
 

NetApp, Inc. (NTAP) Coverage Begins as Buy at Brean Murray

NetApp, Inc. (NTAP) has been initiated today with coverage from the research analysts at Brean Murray.  Brean Murray begins this new coverage of NetApp with an initial price target set at $60 dollars and rates performance of NTAP as “buy.”  Murray had a couple points to note regarding shares of NTAP today which entailed that they believe shares to be at a discount price at this moment while point increments of market share gain could result in 7% to 8% of incremental year to year revenue growth. NTAP has been trending within... 
 

Nabors Industries (NBR) Upgraded to Buy at Global Hunter Securities

Nabors Industries (NBR) has been upgraded today by the securities research analysts at investment firm Global Hunter Securities which raised Nabors from an “accumulate” rating to “buy.”  Global Hunter, however, decreased their performance outlook for NBR  and adjusted their price target from $41 to $36 dollars.  Global Hunter noted today that they believe the sell-off from last week has created an attractive entry point for long positions. What Global Hunter said is true, last week NBR gapped south at the beginning of... 
 

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... 
 

Cloud Peak Energy (CLD) Coverage Begins as Market Perform at Howard Weil

Cloud Peak Energy (CLD) has been initiated today with coverage from the research analysts at Howard Weil.  Weil begins this new coverage of Cloud Peak Energy with an initial price target set at $24 and rates performance of CLD as “market perform.”  Weil noted they find current valuation of shares attractive but admitted that there are also other attractive buys amid a pullback in the United States coal industry. Regarding Weil’s pullback note, a look to charts of CLD indicate so.  CLD entered 2011 strong after having a... 
 

Constant Contact (CTCT) Upgraded to Neutral at Dougherty & Company

Constant Contact (CTCT) has been upgraded today by the securities research analysts at investment firm Dougherty & Company which raised  Constant Contact from a “sell” rating to “neutral.”  Dougherty did not provide a price target performance outlook target on shares of CTCT.  Dougherty, however, did note that their upgraded rating was based on valuation of shares. CTCT volatility is high as it prepares to close out Friday trading.  Thursday’s trading range has been outstripped already and shares did descend... 
 

Bed Bath & Beyond (BBBY) Target Increased at Argus & Wedbush

Bed Bath & Beyond (BBBY) received a “outperform” reiteration today from securities research analysts at investment firm Wedbush, and also a “buy” rating reiteration at Argus.  Wedbush raised their performance outlook of BBBY from $63 to $67, and Argus adjusted their outlook from $60 to $63, respectively.  Argus noted that after the Bed Bath & Beyond reported earnings that sales and operating margin exceeded their own estimates.  Wedbush noted that the company is positioned to use industry consolidation to its... 
 
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