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Equity Brief: Ratings Changes for December 14th: SIX, SNY, SPW, TDC, TDW, TEF, TER, TEX


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-14 16:29:11 -

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:

Wells Fargo & Co. initiated coverage on shares of Six Flags Entertainment Corp
(SIX). They issued an outperform rating on the stock.

Jefferies Group upgraded shares of Sanofi-Aventis (SNY) from a hold rating to a
buy rating.

Nomura upgraded shares of SPX Corp (SPW) from a neutral rating to a buy rating.
Nomura now has a $80.00 price target on the stock.

RBC Capital initiated coverage on shares of Teradata Co. (TDC). They issued an
outperform rating on the stock and set a $75.00 price target.

Citigroup initiated coverage on shares of Tidewater Inc. (TDW). They issued a
buy rating on the stock and set a $62.00 price 
target. Zacks reiterated its neutral rating on shares of Telefonica SA (TEF). They have a $14.00 price target on the stock. Zacks' analyst wrote, "We are maintaining our Neutral recommendation on Telefonica based on its soft performance in the first nine months of 2012. The company's OIBDA jumped year over year, revenue and earnings dropped. The results were influenced by weak contributions from several regions and unfavorable regulations. Looking ahead, we expect Telefonica to benefit from its strategic steps including improvement in efficiency, expansion of broadband and data services through Global Resources and savings from restructuring plans across various countries. However, these initiatives will increase commercial expenses, leading to pressure on short-term margins. Telefonica also remains challenged by unstable macro conditions, the slowdown in Brazil, the ongoing reduction in mobile termination rates, a highly leveraged balance sheet and growing competition." Pacific Crest upgraded shares of Teradyne, Inc. (TER) from a sector perform rating to an outperform rating. Bank of America initiated coverage on shares of Terex Co. (TEX). They issued an underperform rating on the stock and set a $22.00 price target. Janney Montgomery Scott initiated coverage on shares of TIBCO Software (TIBX). They issued 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#1665215]


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