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

Business

Equity Brief: Ratings Changes for December 3rd: ONB, OXY, PRE, QLGC, RATE, RDS.A, RGC, RIMM


Print article Print article
Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-03 16:21:55 -

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:

Macquarie upgraded shares of Old National Bancorp (ONB) from a neutral rating to
an outperform rating. Macquarie now has a $13.00 price target on the stock.

Deutsche Bank downgraded shares of Occidental Petroleum Co. (OXY) from a buy
rating to a hold rating. Their analysts now have a $80.00 price target on the
stock, down previously from $95.00.

UBS AG downgraded shares of PartnerRe (PRE) from a buy rating to a neutral
rating. Their analysts now have a $84.00 price target on the stock, up
previously from $79.00.

Goldman Sachs downgraded shares of QLogic Co. (QLGC) from a neutral rating to a
sell rating.

Canaccord Genuity downgraded shares of 
Bankrate (RATE) from a buy rating to a hold rating. Their analysts now have a $14.00 price target on the stock, down previously from $16.00. RBC Capital downgraded shares of Bankrate (RATE) from an outperform rating to a sector perform rating. Their analysts now have a $13.00 price target on the stock, down previously from $15.00. Deutsche Bank downgraded shares of Royal Dutch Shell (RDS.A) from a buy rating to a hold rating. JPMorgan Chase downgraded shares of Regal Entertainment (RGC) from an overweight rating to a neutral rating. Canaccord Genuity downgraded shares of Research In Motion (RIMM) from a hold rating to a sell rating. Their analysts now have a $10.00 price target on the stock. Wunderlich raised its price target on shares of Redwood Trust Inc (RWT) from $15.00 to $20.00. They have a buy rating on the stock. They wrote, "Our price target of $20 per share assumes that RWT shares trade at a 35% premium to estimated year end 2013 book value of $13.85 per share. The increase in book value reflects earnings retained above the $1.28 indicated dividend, plus modest accretion from the issuance of common shares through the DSPP. Our Buy rating reflects our opinion that the shares of RWT will outperform those of other mortgage REITs, as well as many other companies engaged in housing finance, as housing finance reform grinds inexorably forward." 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#1662119]


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