2012-11-27 16:17:31 -
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:
Zacks reiterated its neutral rating on shares of People's United Financial, Inc.
(NASDAQ: PBCT). They have a $12.00 price target on the stock. Zacks' analyst
wrote, "People's United's third-quarter 2012 operating earnings per share were
in line with the Zacks Consensus Estimate. Elevated non-interest expenses and
higher provision for loan losses were the dampeners for the quarter.
Additionally, reduced net interest margin due to persisting low interest
environment was a headwind. Yet, higher revenue aided by improved non-interest
income acted as a positive. Overall, People's United is trying to overcome the
slow economic recovery through opportunistic acquisitions. Going forward, growth
in deposits is expected to boost the company's
financial results. In addition,
capital deployment activity will definitely boost investors' confidence. Yet,
the recent regulatory issues, global concerns and continued market volatility
remain the major areas of concern."
MKM Partners downgraded shares of Pfizer Inc (NYSE: PFE) from a buy rating to a
neutral rating.
BB&T downgraded shares of Pall Co. (NYSE: PLL) from a buy rating to a hold
rating.
Zacks reiterated its neutral rating on shares of PS Business Parks (NYSE: PSB).
They have a $70.00 price target on the stock. Zacks' analyst wrote, "PS Business
Parks reported modest third quarter 2012 results with healthy year-over-year
increase in revenue and recurring FFO per share. PS Business Parks owns and
operates commercial real estate properties in diversified markets, which can be
easily configured to suit a variety of uses to minimize downside risk and
generate a steady source of revenue. The company also has a strong balance sheet
with adequate liquidity and minimal debt maturities. However, if job cuts recur,
operations in the company's office portfolio are likely to suffer, thereby
undermining its long-term growth potential. We maintain our long-term Neutral
rating for PS Business Parks as we anticipate it to perform in line with the
broader market. "
Deutsche Bank raised its price target on shares of Phillips-Van Heusen (NYSE:
PVH) from $100.00 to $125.00. They have a buy rating on the stock.
RBC Capital upgraded shares of Regal Beloit (RBC) from a market perform rating
to an outperform rating.
UBS AG upgraded shares of Royal Bank Scotland (RBS) from a neutral rating to a
buy rating.
Benchmark Co. raised its price target on shares of R.R. Donnelley & Sons Company
(RRD) from $12.00 to $15.00. They have a buy rating on the stock.
Goldman Sachs initiated coverage on shares of Steven Madden, Ltd. (SHOO). They
issued a sell rating on the stock and set a $35.00 price target.
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Source: Equity Brief via Thomson Reuters ONE
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