2012-11-16 16:24:51 -
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:
Jefferies Group raised its price target on shares of Solazyme Inc (NASDAQ: SZYM)
from $22.00 to $23.00. They wrote, "The current projects remain on track, but
the real milestones were Bunge expanding its plans even before Moema starts, a
new agreement with ADM, another tailored food oil and a test marketing program
for Soladiesel. The focus now shifts to winning downstream partnerships."
Tudor Pickering upgraded shares of Targa Resources Investments Inc (NASDAQ:
TRGP) from a hold rating to a buy rating.
UBS AG lowered its price target on shares of Tronox (NASDAQ: TROX) from $31.00
to $24.00. They have a buy rating on the stock.
Jefferies Group raised
its price target on shares of Texas Instruments (NYSE:
TXN) from $33.00 to $35.00. They have a buy rating on the stock. They wrote, "TI
announced it will lower annual costs by $450m by EOY13, consistent with its
strategy to focus its Wireless business on the embedded markets. We now forecast
6% FCF growth in 2013, FCF yield of 8.4% off our CY13 estimates. We like the
2.9% dividend yield, and view TXN as a beneficiary of transistor cost inflection
we call "Moore Stress." We remain buyers of TXN."
JMP Securities downgraded shares of Tranzyme Inc (NASDAQ: TZYM) from an
outperform rating to a market perform rating.
Stifel Nicolaus downgraded shares of Tranzyme Inc (NASDAQ: TZYM) from a buy
rating to a hold rating.
BMO Capital Markets downgraded shares of Tranzyme Inc (NASDAQ: TZYM) from an
outperform rating to a market perform rating. Their analysts now have a $1.00
price target on the stock, down previously from $6.00.
Canaccord Genuity downgraded shares of Tranzyme Inc (NASDAQ: TZYM) from a buy
rating to a hold rating.
Benchmark Co. initiated coverage on shares of Varian Medical Systems (VAR). They
issued a buy rating on the stock and set a $88.00 price target.
SunTrust initiated coverage on shares of Varian Medical Systems (VAR). They
issued a buy rating on the stock and set a $81.00 price target.
Zacks reiterated its outperform rating on shares of Valmont Industries, Inc.
(VMI). They have a $156.00 price target on the stock.
Zacks reiterated its neutral rating on shares of Verisign, Inc. (VRSN). They
have a $44.00 price target on the stock. Zacks' analyst wrote, "Earnings
estimates for 2012 have been more or less static after the company reported its
third quarter results. VeriSign posted a net income of $0.44 per share, in line
with the Zacks Consensus Estimate. However, we remain concerned about the
slowdown in domain name additions and the delay in the renewal agreement with
the Department of Commerce. This could possibly limit upside in the current
scenario. The company narrowed its revenue guidance for 2012 by $5 million.
Hence, we maintain our Neutral recommendation as we believe that most of the
positives are already discounted at current levels and the current environment
demands caution from the investors. "
Zacks upgraded shares of Whole Foods Market (WFM) from a neutral rating to an
outperform rating. Zacks now has a $97.00 price target on the stock.
Goldman Sachs downgraded shares of Windstream (WIN) from a neutral rating to a
sell rating. Their analysts now have a $7.50 price target on the stock.
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