Home » Archive for July, 2011

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... 
 

SunPower Corporation (SPWRA) Initiated as Sell at Auriga

SunPower Corporation (SPWRA) has been initiated today with coverage from the research analysts at Auriga.  Auriga begins this new coverage of SPWRA with an initial price target set at $14 dollars and rates performance of SPWRA as “sell.”  Auriga noted today that SunPower’s technology leadership is hindered by inefficient cost structure and poor operational execution, too.  Additionally noted that SunPower has a balance sheet which opens it to vulnerability in regard to pricing pressure. SPWRA dropped at the beginning of today’s... 
 

Owens Corning (OC) Upgraded to Top Pick at RBC Capital

Owens Corning Inc (OC) has been upgraded today by the securities research analysts at investment firm RBC Capital Markets which raised Owens Corning from a “outperform” rating to “top pick.”  RBC Capital also positively adjusted their performance outlook for OC and adjusted its price target from $42 to $45 dollars.  RBC Capital noted that at current share levels that Owens Corning has at minimum 25% upside to investors over the next year to year and a half as they foresee improvement in all company business segments. OC... 
 

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... 
 

Entegris, Inc. (ENTG) Upgraded to Buy at Dougherty & Company

Entegris, Inc. (ENTG) has been upgraded today by the securities research analysts at investment firm Dougherty & Company which raised Entegris from a “neutral” rating to “buy.”  Dougherty also increased their performance outlook for ENTG and adjusted its price target from $10.50 to $11.25 dollars.  Dougherty increased their rating and price target after Entegris earnings were reported and notes they are duly impressed by the performance of execution at the company which they say delivers strong cash flow and leverage. ENTG... 
 

eBay Inc. (EBAY) Coverage Resumes at Wedbush

eBay Inc. (EBAY) is once again being coverad by the research analyst at investment firm Wedbush.  Wedbush resumes this new coverage of EBAY by increasing their perform price target of $34 to $35 dollars and rates EBAY as “neutral.”  It is notable that Wedush said they believe eBay should be able to sustain double-digit organic top line growth.  Wedbush further noted that PayPal growth is accelerating, which is owned by eBay. EBAY is up during today’s intraday and broke above resistance of $34.65 which was last set on April 28th,... 
 

Williams-Sonoma, Inc. (WSM) Upgraded to Outperform at Wedbush

Williams-Sonoma, Inc. (WSM) has been upgraded today by the securities research analysts at investment firm Wedbush which raised Williams-Sonoma from a”neutral” rating to “outperform.”  Wedbush also increased their performance outlook for WSM and adjusted its price target from $44 to $46 dollars.  Wedbush noted that recent WSM share losses are ‘overdone’ and that investor concern has largely been overblown and that shares are trading at a discounted price. WSM is gradually rising from the low of $34.40 which... 
 

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... 
 

Gen-Probe (GPRO) Upgraded to Outperform at Robert W. Baird

Gen-Probe (GPRO) has been upgraded today by the securities research analysts at investment firm Robert W. Baird which raised Gen-Probe from a “neutral” rating to “outperform.”  Baird, however, cut their performance outlook for GPRO  and adjusted its price target from $82 to $75 dollars.  Baird noted that their decreased price target is partly based on potential suitors of Gen-Probe (LIFE, Novartis and TMO) having walked away into the sunset.  Still, Baird upgrades GPRO based on what they find is a good risk, reward opportunity... 
 

Applied Micro Circuits (AMCC) Initiated as Buy at Sterne Agee

Applied Micro Circuits (AMCC) has been initiated today with coverage from the research analysts at Sterne Agee.  Agee begins this new coverage of AMCC with an initial price target set at $12 dollars and rates performance of AMCC as “buy.”  Agee also noted that they believe Applied Micro Circuits will be greatly benefited by a projected global refresh of optics at carriers around the globe coupled with accelerated growth in mobile data traffic and the combining of multiple interconnect technology protocols.  Lastly, Agee believes that... 
 

Carlisle Companies (CSL) Upgraded to Market Perform at FBR Capital

Carlisle Companies (CSL) has been upgraded today by the securities research analysts at investment firm FBR Capital which upgraded Carlisle from a “under perform” rating to “market perform.”  FBR Capital also raised their performance outlook for CSL and adjusted their price target from $35 to $45 dollars.  FBR noted that their rating change is based on Carlisle’s impressive accretion after their recent acquisition of Hawk.  Additionally, company fiscal year 2011 & 2012 estimates are moved in-line with consensus. After... 
 

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... 
 

Stone Energy Corporation (SGY) Initiated as Buy at Dahlman Rose

Stone Energy Corporation (SGY) has been initiated today with coverage from the research analysts at Dahlman Rose.  Rose begins this new coverage of SGY with an initial price target set at $38 dollars and rates performance of SGY as “buy.”  Rose notes that Stone Energy is mostly a pure-play GOM shelf operator and is looking to reduce risk associated with GOM. SGY has been on a downtrend since reaching the high of $35.94 on May 2nd, 2011, but recently shares of SGY have been attempting to pullback out of bearish bias.  Two consecutive... 
 

EQT Corporation (EQT) Upgraded to Outperform at Robert W. Baird

EQT Corporation (EQT) has been upgraded today by the securities research analysts at investment firm Robert W. Baird which raised EQT from a “neutral” rating to “outperform.”  Baird also increased their performance outlook for EQT and adjusted their price target from $55 to $66 dollars.  Baird noted that their upgraded rating is based on valuation and commodity price updates. EQT has trended with positive bias ever since April trading eventually pulled northward after EQT stumbled within the first quarter of 2011 trading. ... 
 

Google Inc. (GOOG) Coverage Resumes as Buy at Needham

Google Inc. (GOOG) coverage has been resumed by the securities analysts at investments firm Needham.   Neehman re-issues this coverage of GOOG as “buy” and has a price target performance outlook of $725 dollars on shares of the company.  Needham noted earlier today that they find GOOG to be an appealing investment play and note that company growth could reach into further billions of dollars.  Additionally, Needham pointed out that search maintains its prominence as the growth driver for the company. Today is one of the largest volume... 
 
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