Equity Brief: Ratings Changes for December 21st: OMC, ORCL, OSUR, PAYX, PB, PBG.TO, PDCE, PDS
2012-12-21 16:28:59 -
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:
Deutsche Bank reiterated its hold rating on shares of Omnicom (OMC). They have a
$58.00 price target on the stock, up previously from $52.00.
Zacks reiterated its neutral rating on shares of Oracle (ORCL). They have a
$36.00 price target on the stock. Zacks' analyst wrote, "Oracle reported better-
than-expected second quarter results wherein both its top and bottom lines beat
the Zacks Consensus Estimate. The year-over-year upside in revenue was primarily
driven by strong new software license sales, while the bottom line was
positively impacted by lower-than-expected expenses and solid margin expansions.
Moreover, Oracle also provided a positive guidance. We believe that speedy
adoption of engineered systems and cloud suites will drive incremental top-line
growth going ahead. Oracle's solid product suite lends a competitive edge over
its rivals. However, lower hardware volumes remain a concern in the near term.
As Oracle sells higher-margin products compared to its competitors, we
anticipate that a sluggish market and lower IT spending may act as a headwind
for the hardware volume going forward. Oracle could see integration issues due
to the rapid pace of acquisitions within a short span of time. Thus, we remain
Neutral and set a price target of $36.00."
Mizuho initiated coverage on shares of OraSure Technologies, Inc. (OSUR). They
issued a buy rating on the stock and set a $9.00 price target.
Barclays Capital reiterated its underweight rating on shares of Paychex, Inc.
(PAYX). They have a $30.00 price target on the stock.
Robert W. Baird downgraded shares of Paychex, Inc. (PAYX) from an outperform
rating to a neutral rating. Their analysts now have a $34.00 price target on the
stock, down previously from $36.00.
Robert W. Baird reiterated its outperform rating on shares of Prosperity
Bancshares, Inc. (PB). They have a $45.00 price target on the stock, down
previously from $50.00.
Barclays Capital reiterated its overweight rating on shares of Petrobank Energy
(PBG.TO). They have a $14.00 price target on the stock.
Stifel Nicolaus raised its price target on shares of PDC Energy Inc (PDCE) from
$45.00 to $50.00. They have a buy rating on the stock.
Deutsche Bank reiterated its hold rating on shares of Precision Drilling (PDS).
They have a $8.00 price target on the stock.
Canaccord Genuity raised its price target on shares of Insulet Corp. (PODD) from
$24.50 to $29.00. They have a buy rating on the stock.
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