Equity Brief: Ratings Changes for December 21st: HLF, HOLX, IBM, ICE, IFNNY, ININ, JACK, JBL
2012-12-21 16:25:01 -
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:
Argus downgraded shares of Herbalife Ltd. (HLF) from a buy rating to a hold
Zacks reiterated its neutral rating on shares of Hologic, Inc. (HOLX). They have
a $21.00 price target on the stock. Zacks' analyst wrote, "Hologic's fourth
quarter 2012 adjusted EPS of $0.37 was ahead of the Zacks Consensus Estimate by
$0.01, and beat the year-ago adjusted EPS of $0.34. Revenues increased 26% to
$588.5 million, surpassing the Zacks Consensus Estimate of $559 million. We are
encouraged with increasing acceptance of the 3D Dimensions system and robust
growth in the Diagnostics business. We are also impressed with the improving
growth in GYN Surgical driven by increased focus on NovaSure and MyoSure
systems. However, headwinds remain in the form of economic uncertainties in
Europe, slower sales cycles and increasing pricing pressure. Moreover, higher
interest expense will continue to affect the bottom line. We reiterate our
Neutral' recommendation on the stock. "
Topeka Capital initiated coverage on shares of IBM (IBM). They issued a buy
rating on the stock and set a $245.00 price target. They wrote, "Although we
expect relatively modest IT spending growth in 2013, we believe IBM's portfolio
plays into the key secular IT trends such cloud computing, Big Data and the
broader trend toward analytics with broader portfolio of solutions. Also,
challenges at competitors such as Hewlett-Packard (HPQ-$14.43: Sell) may open up
incremental opportunities for IBM next year. Given our view of the secular
trends and changes in the IT world, we view IBM as a core holding for investors
in the technology sector going into 2013."
Sanford C. Bernstein downgraded shares of IntercontinentalExchange (ICE) from an
outperform rating to a market perform rating. Their analysts now have a $150.00
price target on the stock, down previously from $160.00.
JPMorgan Chase upgraded shares of Infineon Technologies AG (IFNNY) from a
neutral rating to an overweight rating.
Northland Securities raised its price target on shares of Interactive
Intelligence (ININ) from $33.00 to $41.00. They have an outperform rating on the
Wells Fargo & Co. initiated coverage on shares of Jack in the Box Inc. (JACK).
They issued a market perform rating on the stock.
Deutsche Bank reiterated its hold rating on shares of Jabil Circuit, Inc. (JBL).
They have a $20.00 price target on the stock.
Deutsche Bank reiterated its hold rating on shares of Johnson Controls, Inc.
(JCI). They have a $29.00 price target on the stock, up previously from $28.00.
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