A number of stocks were upgraded and downgraded by equities research analysts today, as reported by Analyst Ratings Network(http://bit.ly/equitybriefdaily) and Equity Brief:
Benchmark Co. lowered its price target on shares of Entropic Comms (ENTR) from $7.50 to $7.00. They have a buy rating on the stock.
Citigroup upgraded shares of Equinix, Inc. (EQIX) from a neutral rating to a buy rating. They wrote, "We are upgrading shares of EQIX to a Buy rating with an unchanged target price of $216 based on its favorable revenue growth prospects heading into 2013, rising returns on gross invested capital, forward valuation metrics that remain at a discount to most of the publicly-traded data centers & tower operators, & potential to improve its tax efficiency by pursuing conversion into a REIT structure."
Wunderlich downgraded shares of F5 Networks (FFIV) from a buy rating to a hold rating. Their analysts now have a $100.00 price target on the stock, down previously from $115.00.
Oppenheimer downgraded shares of F5 Networks (FFIV) from an outperform rating to a perform rating.
Caris & Co. upgraded shares of F5 Networks (FFIV) from an average rating to a buy rating.
Goldman Sachs downgraded shares of FMC Tech (FTI) from a neutral rating to a sell rating. They wrote, "Why now? We believe that 2013 consensus EPS estimate of $2.59 is too high (we are at $2.31), and that the stock now offers much less upside than the average of our coverage. We lower our EPS estimate due to: (1) constraints in FTI's global supply chain is resulting in slower than previously forecasted margin improvement in subsea equipment; and (2) NAM land weakness is causing higher margin degradation in the Surface Technology business than previously estimated. Our new valuation and EPS forecasts indicate limited near-to-medium-term upside in the stock."
Jefferies Group upgraded shares of FMC Tech (FTI) from an underperform rating to a hold rating.
JMP Securities initiated coverage on shares of Gevo, Inc. (GEVO). They issued an outperform rating on the stock.
Credit Suisse raised its price target on shares of Gilead Sciences, Inc. (GILD) from $54.00 to $65.00. They have a neutral rating on the stock. They wrote, "Slight Q3 beat driven primarily by higher product sales. GILD reported after the market close yesterday, posting an EPS of $1.00 (vs. $0.96/$0.93 for Credit Suisse/consensus). The beat was driven by higher product sales ($2.43B vs. $2.37B/$2.33B for Credit Suisse/consensus). Truvada delivered a strong Q3, posting sales of $800M (vs. $774M/$762M for Credit Suisse/consensus). GILD also raised guidance on 2012 net product sales from $8.8B-$9.0B to $9.1B-$9.2B. We made housekeeping changes to our model; there were no major changes. We are raising our 2012/2013/2014 EPS estimates to $.85/$4.64/$6.02 (from $3.83/$4.57/$5.94) respectively."
National Securities lowered its price target on shares of Corning Inc. (GLW) from $16.50 to $16.00. They have a buy rating on the stock.
Craig Hallum downgraded shares of Heckmann Co. (HEK) from a buy rating to a hold rating.
Bernstein upgraded shares of Honeywell International Inc. (HON) from a market perform rating to an outperform rating.
Stephens upgraded shares of Hormel Foods Co. (HRL) from an equal weight rating to an overweight rating.
Stay on top of analysts' coverage with Analyst Ratings Network's free daily email newsletter that provides a concise list of analysts' upgrades, downgrades and initiations. Register at http://bit.ly/equitybriefdaily
Content and Media Contact: [email protected]
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Equity Brief via Thomson Reuters ONE
HUG#1652460
