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Equity Brief: Ratings Changes for December 14th: HK, HOS, HST, HUN, INFA, IPAR, ITG, JBLU


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Copyright © Thomson Reuters 2012. All rights reserved.
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, 
driven by 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. 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 bit.ly/equitybriefdaily Content and Media Contact: newseditor@equitybrief.net 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#1665207]


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