Equity Brief: Ratings Changes for December 21st: PPS, PWR, RHI, RIMM, RKUS, RLI, SCG, SE
2012-12-21 16:32:01 -
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:
Barclays Capital reiterated its equal weight rating on shares of Post
Properties, Inc. (PPS). They have a $58.00 price target on the stock.
Deutsche Bank reiterated its buy rating on shares of Quanta Services, Inc.
(PWR). They have a $31.00 price target on the stock.
Deutsche Bank reiterated its buy rating on shares of Robert Half (RHI). They
have a $33.00 price target on the stock, down previously from $45.00.
Credit Agricole downgraded shares of Research In Motion (RIMM) from an
underperform rating to a sell rating. Their analysts now have a $8.75 price
target on the stock.
Deutsche Bank reiterated its hold rating on shares of Ruckus Wireless Inc
(RKUS). They have a $20.00 price target on the stock.
Zacks reiterated its neutral rating on shares of RLI Corp. (RLI). They have a
$68.00 price target on the stock. Zacks' analyst wrote, "RLI Corp's third
quarter operating earnings surpassed the Zacks Consensus Estimate, but declined
over the prior-year quarter, resulting primarily from lower underwriting results
at Casualty. The top line surpassed the expectation as well as the year-ago
level, attributable to higher premiums earned and augmentation in net realized
investment gains. With the improving pricing scenario in the insurance market
supported by strong infrastructure, widened product lines and strategic
acquisitions, we expect the company to perform well in the upcoming quarters.
Also, the company has a favorable loss reserve ratio when compared with the
previous year along with strengthening statutory reserve. Solid underwriting
results coupled with investment results aided the company to improve book value.
It also continues to enhance shareholders value through regular and special
dividends. However, continued low interest rate environment as well as exposure
to cat loss keep us on the sidelines. We retain our Neutral recommendation on
Barclays Capital reiterated its equalweight rating on shares of Scana
Corporation (SCG). They have a $48.00 price target on the stock, down previously
Zacks reiterated its neutral rating on shares of Spectra Energy Corp. (SE). They
have a $29.00 price target on the stock. Zacks' analyst wrote, "We are
maintaining our recommendation on Spectra Energy at Neutral. The company's
earnings fell from the year-ago level and also lagged the Zacks Consensus
Estimate mainly due to lower commodity price realizations. Although its
Transmission and distribution results in the U.S. remained almost same, the
other segments were hurt by lower NGL prices (down by nearly 42% year over
year). Again, the heavy debt-to-capitalization ratio serves as a competitive
disadvantage for the company. However, management remains hopeful for an
improvement in future, as is evident from its solid backlog of expansion
projects. Given its market leading position in developing and operating
pipelines, its diversified asset portfolio and strong investment opportunities,
we expect Spectra Energy to sustain its growth momentum backed by strong
performances across all business segments. "
Deutsche Bank reiterated its hold rating on shares of SM Energy (SM). They have
a $62.00 price target on the stock.
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