Equity Brief: Ratings Changes for December 14th: SIX, SNY, SPW, TDC, TDW, TEF, TER, TEX
2012-12-14 16:29:11 -
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:
Wells Fargo & Co. initiated coverage on shares of Six Flags Entertainment Corp
(SIX). They issued an outperform rating on the stock.
Jefferies Group upgraded shares of Sanofi-Aventis (SNY) from a hold rating to a
Nomura upgraded shares of SPX Corp (SPW) from a neutral rating to a buy rating.
Nomura now has a $80.00 price target on the stock.
RBC Capital initiated coverage on shares of Teradata Co. (TDC). They issued an
outperform rating on the stock and set a $75.00 price target.
Citigroup initiated coverage on shares of Tidewater Inc. (TDW). They issued a
buy rating on the stock and set a $62.00 price target.
Zacks reiterated its neutral rating on shares of Telefonica SA (TEF). They have
a $14.00 price target on the stock. Zacks' analyst wrote, "We are maintaining
our Neutral recommendation on Telefonica based on its soft performance in the
first nine months of 2012. The company's OIBDA jumped year over year, revenue
and earnings dropped. The results were influenced by weak contributions from
several regions and unfavorable regulations. Looking ahead, we expect Telefonica
to benefit from its strategic steps including improvement in efficiency,
expansion of broadband and data services through Global Resources and savings
from restructuring plans across various countries. However, these initiatives
will increase commercial expenses, leading to pressure on short-term margins.
Telefonica also remains challenged by unstable macro conditions, the slowdown in
Brazil, the ongoing reduction in mobile termination rates, a highly leveraged
balance sheet and growing competition."
Pacific Crest upgraded shares of Teradyne, Inc. (TER) from a sector perform
rating to an outperform rating.
Bank of America initiated coverage on shares of Terex Co. (TEX). They issued an
underperform rating on the stock and set a $22.00 price target.
Janney Montgomery Scott initiated coverage on shares of TIBCO Software (TIBX).
They issued a neutral rating on the stock.
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Source: Equity Brief via Thomson Reuters ONE