2012-12-14 16:20:13 -
A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network ( bit.ly/equitybriefdaily)
and Equity Brief:
Robert W. Baird initiated coverage on shares of Halcon Resources (HK). They
issued an outperform rating on the stock and set a $10.00 price target.
Citigroup initiated coverage on shares of Hornbeck Offshore (HOS). They issued a
buy rating on the stock and set a $60.00 price target. They wrote, "We are
initiating coverage of Hornbeck Offshore Services, Inc. (HOS) with a Buy rating
and $60 price target, implying a 72% estimated total return. Our price target of
$60 is 32% higher than the FactSet consensus price target of $45.54. The stock
has pulled back by 18% from a 52-week high of $43.83 in August 2012,
three consecutive negative-surprise quarters, but we attribute the recent
earnings pressures largely to GoM utilization issues that the stretch program
should effectively address."
Citigroup upgraded shares of Host Hotels & Resorts, Inc. (HST) from a neutral
rating to a buy rating. Citigroup now has a $18.00 price target on the stock.
SunTrust initiated coverage on shares of Huntsman Co. (HUN). They issued a
reduce rating on the stock and set a $14.00 price target.
RBC Capital initiated coverage on shares of Informatica Co. (INFA). They issued
an outperform rating on the stock and set a $36.00 price target.
Caris & Co. downgraded shares of Inter Parfums Inc (IPAR) from an above average
rating to an average rating. Their analysts now have a $22.50 price target on
the stock, up previously from $20.00.
Keefe, Bruyette & Woods upgraded shares of Investment Technology Group (ITG)
from a market perform rating to an outperform rating. Keefe, Bruyette & Woods
now has a $11.00 price target on the stock, up previously from $9.00.
Buckingham Research initiated coverage on shares of Jetblue Airways Corp (JBLU).
They issued a buy rating on the stock and set a $7.00 price target.
UBS AG raised its price target on shares of Joy Global Inc. (JOY) from $55.00 to
$60.00. They have a neutral rating on the stock.
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Source: Equity Brief via Thomson Reuters ONE