U.S. RESEARCH ROUNDUP: Adobe Systems, KeyCorp, Microsoft

Rubicon Technology

26/06/2013 10:30

June 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets 
on several U.S. companies, including Adobe Systems and KeyCorp, on Wednesday.  
     
    HIGHLIGHTS 
    * Adobe Systems < ADBE.O>: Jefferies raises to buy from hold; price target to $57 from $45 
    * Barrick Gold  ABX.N : Credit Suisse cuts to neutral from outperform 
    * KeyCorp  KEY.N : BMO raises to outperform from market perform; ups target to $13 from $10 
    * Microsoft Corp  MSFT.O : Morgan Stanley raises target to $40 from $36; rating overweight 
         
Following is a summary of research actions on U.S. companies reported by Reuters on Wednesday. 
Stock entries are in alphabetical order.   
     
    * Adobe Systems < ADBE.O>: Jefferies raises to buy from hold 
    * Adobe Systems < ADBE.O>: Jefferies raises price target to $57 from $45 
    * Altera Corp  ALTR.O : Mizuho Securities cuts price target to $38 from $41; rating buy 
    * Altera Corp  ALTR.O : Mizuho cuts price target to $38 from $41; rating buy 
    * ARM Holdings  ARMH.O : Piper Jaffray raises to overweight from neutral 
    * Barrick Gold  ABX.N : Credit Suisse cuts to neutral from outperform 
    * Barrick Gold  ABX.N : Credit Suisse cuts price target to $20 from $36 
    * Carnival Corp  CCL.N : JP Morgan raises price target to $34 from $32; rating neutral 
    * Compass Group  CPG.L : JP Morgan raises price target to 950p from 890p; rating overweight 
    * DISH Network Corp  DISH.O : JP Morgan resumes coverage with neutral; price target $43 
    * First Cash Financial Services  FCFS.O : FBR cuts target to $58 from $62; rating outperform 
    * First Cash Financial Services  FCFS.O : Janney cuts fair value to $48 from $52 
    * G4S PLC  GFS.L : RBC raises to outperform from sector perform 
    * KeyCorp  KEY.N : BMO raises to outperform from market perform 
    * KeyCorp  KEY.N : BMO raises price target to $13 from$10 
    * Lennar Corp  LEN.N : RBC cuts price target to $41 from $50; rating outperform 
    * Microsoft Corp  MSFT.O : Morgan Stanley raises target to $40 from $36; rating overweight 
    * Rubicon Technology  RBCN.O : JP Morgan cuts to neutral from overweight 
    * Synaptics Inc  SYNA.O : JP Morgan raises price target to $53 from $52; rating overweight 
    * Walgreen Co  WAG.N : Mizuho cuts price target to $50 from $53; rating buy 
         
 
 (Compiled by Rachel Chitra and Maneesha Tiwari in Bangalore) 
 ((rachel.chitra@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749 
6149)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH US/