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Equity Brief: Ratings Changes for December 21st: PPS, PWR, RHI, RIMM, RKUS, RLI, SCG, SE


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-21 16:32:01 -

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:

Barclays Capital reiterated its equal weight rating on shares of Post
Properties, Inc. (PPS). They have a $58.00 price target on the stock.

Deutsche Bank reiterated its buy rating on shares of Quanta Services, Inc.
(PWR). They have a $31.00 price target on the stock.

Deutsche Bank reiterated its buy rating on shares of Robert Half (RHI). They
have a $33.00 price target on the stock, down previously from $45.00.

Credit Agricole downgraded shares of Research In Motion (RIMM) from an
underperform rating to a sell rating. Their analysts now have a $8.75 price
target on the stock.

Deutsche Bank reiterated its hold rating on shares of Ruckus 
Wireless Inc (RKUS). They have a $20.00 price target on the stock. Zacks reiterated its neutral rating on shares of RLI Corp. (RLI). They have a $68.00 price target on the stock. Zacks' analyst wrote, "RLI Corp's third quarter operating earnings surpassed the Zacks Consensus Estimate, but declined over the prior-year quarter, resulting primarily from lower underwriting results at Casualty. The top line surpassed the expectation as well as the year-ago level, attributable to higher premiums earned and augmentation in net realized investment gains. With the improving pricing scenario in the insurance market supported by strong infrastructure, widened product lines and strategic acquisitions, we expect the company to perform well in the upcoming quarters. Also, the company has a favorable loss reserve ratio when compared with the previous year along with strengthening statutory reserve. Solid underwriting results coupled with investment results aided the company to improve book value. It also continues to enhance shareholders value through regular and special dividends. However, continued low interest rate environment as well as exposure to cat loss keep us on the sidelines. We retain our Neutral recommendation on RLI Corp." Barclays Capital reiterated its equalweight rating on shares of Scana Corporation (SCG). They have a $48.00 price target on the stock, down previously from $50.00. Zacks reiterated its neutral rating on shares of Spectra Energy Corp. (SE). They have a $29.00 price target on the stock. Zacks' analyst wrote, "We are maintaining our recommendation on Spectra Energy at Neutral. The company's earnings fell from the year-ago level and also lagged the Zacks Consensus Estimate mainly due to lower commodity price realizations. Although its Transmission and distribution results in the U.S. remained almost same, the other segments were hurt by lower NGL prices (down by nearly 42% year over year). Again, the heavy debt-to-capitalization ratio serves as a competitive disadvantage for the company. However, management remains hopeful for an improvement in future, as is evident from its solid backlog of expansion projects. Given its market leading position in developing and operating pipelines, its diversified asset portfolio and strong investment opportunities, we expect Spectra Energy to sustain its growth momentum backed by strong performances across all business segments. " Deutsche Bank reiterated its hold rating on shares of SM Energy (SM). They have a $62.00 price target 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#1667152]


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