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Equity Brief: Ratings Changes for December 21st: OMC, ORCL, OSUR, PAYX, PB, PBG.TO, PDCE, PDS


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-21 16:28:59 -

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:

Deutsche Bank reiterated its hold rating on shares of Omnicom (OMC). They have a
$58.00 price target on the stock, up previously from $52.00.

Zacks reiterated its neutral rating on shares of Oracle (ORCL). They have a
$36.00 price target on the stock. Zacks' analyst wrote, "Oracle reported better-
than-expected second quarter results wherein both its top and bottom lines beat
the Zacks Consensus Estimate. The year-over-year upside in revenue was primarily
driven by strong new software license sales, while the bottom line was
positively impacted by lower-than-expected expenses and solid margin expansions.
Moreover, Oracle also provided a positive guidance. We believe that speedy
adoption of engineered systems 
and cloud suites will drive incremental top-line growth going ahead. Oracle's solid product suite lends a competitive edge over its rivals. However, lower hardware volumes remain a concern in the near term. As Oracle sells higher-margin products compared to its competitors, we anticipate that a sluggish market and lower IT spending may act as a headwind for the hardware volume going forward. Oracle could see integration issues due to the rapid pace of acquisitions within a short span of time. Thus, we remain Neutral and set a price target of $36.00." Mizuho initiated coverage on shares of OraSure Technologies, Inc. (OSUR). They issued a buy rating on the stock and set a $9.00 price target. Barclays Capital reiterated its underweight rating on shares of Paychex, Inc. (PAYX). They have a $30.00 price target on the stock. Robert W. Baird downgraded shares of Paychex, Inc. (PAYX) from an outperform rating to a neutral rating. Their analysts now have a $34.00 price target on the stock, down previously from $36.00. Robert W. Baird reiterated its outperform rating on shares of Prosperity Bancshares, Inc. (PB). They have a $45.00 price target on the stock, down previously from $50.00. Barclays Capital reiterated its overweight rating on shares of Petrobank Energy (PBG.TO). They have a $14.00 price target on the stock. Stifel Nicolaus raised its price target on shares of PDC Energy Inc (PDCE) from $45.00 to $50.00. They have a buy rating on the stock. Deutsche Bank reiterated its hold rating on shares of Precision Drilling (PDS). They have a $8.00 price target on the stock. Canaccord Genuity raised its price target on shares of Insulet Corp. (PODD) from $24.50 to $29.00. They have a buy 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#1667150]


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