Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Equity Brief: Ratings Changes for December 21st: HLF, HOLX, IBM, ICE, IFNNY, ININ, JACK, JBL


Print article Print article
Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-21 16:25:01 -

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:

Argus downgraded shares of Herbalife Ltd. (HLF) from a buy rating to a hold
rating.

Zacks reiterated its neutral rating on shares of Hologic, Inc. (HOLX). They have
a $21.00 price target on the stock. Zacks' analyst wrote, "Hologic's fourth
quarter 2012 adjusted EPS of $0.37 was ahead of the Zacks Consensus Estimate by
$0.01, and beat the year-ago adjusted EPS of $0.34. Revenues increased 26% to
$588.5 million, surpassing the Zacks Consensus Estimate of $559 million. We are
encouraged with increasing acceptance of the 3D Dimensions system and robust
growth in the Diagnostics business. We are also impressed with the improving
growth in GYN Surgical driven by 
increased focus on NovaSure and MyoSure systems. However, headwinds remain in the form of economic uncertainties in Europe, slower sales cycles and increasing pricing pressure. Moreover, higher interest expense will continue to affect the bottom line. We reiterate our Neutral' recommendation on the stock. " Topeka Capital initiated coverage on shares of IBM (IBM). They issued a buy rating on the stock and set a $245.00 price target. They wrote, "Although we expect relatively modest IT spending growth in 2013, we believe IBM's portfolio plays into the key secular IT trends such cloud computing, Big Data and the broader trend toward analytics with broader portfolio of solutions. Also, challenges at competitors such as Hewlett-Packard (HPQ-$14.43: Sell) may open up incremental opportunities for IBM next year. Given our view of the secular trends and changes in the IT world, we view IBM as a core holding for investors in the technology sector going into 2013." Sanford C. Bernstein downgraded shares of IntercontinentalExchange (ICE) from an outperform rating to a market perform rating. Their analysts now have a $150.00 price target on the stock, down previously from $160.00. JPMorgan Chase upgraded shares of Infineon Technologies AG (IFNNY) from a neutral rating to an overweight rating. Northland Securities raised its price target on shares of Interactive Intelligence (ININ) from $33.00 to $41.00. They have an outperform rating on the stock. Wells Fargo & Co. initiated coverage on shares of Jack in the Box Inc. (JACK). They issued a market perform rating on the stock. Deutsche Bank reiterated its hold rating on shares of Jabil Circuit, Inc. (JBL). They have a $20.00 price target on the stock. Deutsche Bank reiterated its hold rating on shares of Johnson Controls, Inc. (JCI). They have a $29.00 price target on the stock, up previously from $28.00. 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#1667147]


Press Information:




Contact Person:


Disclaimer: © 2014 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser