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

Rubicon Technology

26/06/2013 23:14

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 
    * Walgreen Co  WAG.N : Mizuho cuts price target to $50 from $53; rating buy 
         
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 
    * Aegion Corp  AEGN.O : Wedbush raises price target to $19 from $16; rating underperform  
    * Agnico Eagle Mines  AEM.N  : Credit Suisse cuts target price to $39 from $51 
    * Alamos Gold Inc  AGI.N  : Credit Suisse cuts target to $13 from $16.50; rating neutral  
    * Alliance Data Systems  ADS.N : Deutsche Bank starts with buy rating; price target $205 
    * Alliance Data Systems  ADS.N : Suntrust raises to buy - Theflyonthewall.com 
    * Allot Communications  ALLT.O : Wunderlich raises to buy from hold; target to $16 from $13 
    * Allstate Corp  ALL.N : Deutsche Bank raises price target to $58 from $57; rating buy 
    * 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 
    * Apollo Group  APOL.O : Piper Jaffray cuts target price to $20 from $23; rating neutral 
    * ARM Holdings  ARMH.O : Piper Jaffray raises to overweight from neutral 
    * Aurico Gold  AUQ.N  : Credit Suisse cuts target price to $5.50 from $7.50; rating neutral 
    * Axiall  AXLL.N : SunTrust cuts to neutral from buy - Theflyonthewall.com 
    * Barrick Gold  ABX.N : Credit Suisse cuts to neutral from outperform 
    * Barrick Gold  ABX.N : Credit Suisse cuts price target to $20 from $36 
    * Bryn Mawr Bank Corp  BMTC.O : Guggenheim raises to buy from neutral  
    * Carnival Corp  CCL.N : JP Morgan raises price target to $34 from $32; rating neutral 
    * Carnival Corp  CCL.N : Stifel raises target price to $44 from $40; rating buy 
    * Carnival Corp  CCL.N : Credit Suisse raises target price to $34 from $32; rating neutral 
    * Compass Group  CPG.L : JP Morgan raises price target to 950p from 890p; rating overweight 
    * Diodes Inc  DIOD.O : Sterne Agee raises price target to $31 from $30; rating buy 
    * DISH Network Corp  DISH.O : JP Morgan resumes coverage with neutral; price target $43 
    * Eldorado Gold  EGO.N  : Credit Suisse cuts target price to $10 from $15; rating outperform 
    * Epizyme  EPZM.O : Wedbush initiates with outperform; price target $37 
    * ExactTarget Inc  ET.N : Raymond James Cuts to market perform from strong buy 
    * 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 
    * First Niagara  FNFG.O : Guggenheim raises target priceto $11 from $10.50; rating buy 
    * Flushing Financial  FFIC.O : Guggenheim raises price target to $17 from $16 
    * F.N.B. Corp  FNB.N : Guggenheim raises to buy from neutral  
    * F.N.B. Corp  FNB.N : Guggenheim raises price target to $13 from $12.50  
    * Franco-Nevada Corp  FNV.N : Credit Suisse cuts target price to $43 from $52 
    * General Mills  GIS.N : Jefferies raises price target to $45 from $44; rating hold 
    * Goldcorp Inc  GG.N  : Credit Suisse cuts target price to $28 from $35; rating neutral  
    * Golden Star Resources  GSS.A  : Credit Suisse cuts target price to $0.25 from $0.50 
    * G4S PLC  GFS.L : RBC raises to outperform from sector perform 
    * Global Partners LP  GLP.N : Wells Fargo resumes coverage with market perform rating 
    * Gulfmark Offshore  GLF.N : Credit Suisse raises price target to $55 from $45 
    * Health Net  HNT.N : Credit Suisse raises to outperform from neutral - Theflyonthewall.com 
    * Home BancShares  HOMB.O : Raymond James Raises to outperform from market perform 
    * Home BancShares  HOMB.O : Wunderlich Securities raises to buy from hold 
    * Home BancShares  HOMB.O : Wunderlich Securities raises price target to $29 from $20.50 
    * HomeStreet Inc  HMST.O : FBR cuts target price to $25 from $27.50; rating outperform  
    * Hornbeck Offshore Services  HOS.N : Credit Suisse raises price target to $65 from $58 
    * Iamgold Corp  IAG.N  : Credit Suisse cuts target price to $3.50 from $6.50 
    * KeyCorp  KEY.N : BMO raises to outperform from market perform 
    * KeyCorp  KEY.N : BMO raises price target to $13 from $10 
    * Kinross Gold  KGC.N  :Credit Suisse cuts target price to $7.25 from $10; rating outperform 
    * Lennar Corp  LEN.N : RBC cuts price target to $41 from $50; rating outperform 
    * Lennar Corp  LEN.N : Sterne Agee cuts price target to $40 from $45; rating neutral 
    * Lorillard Inc  LO.N : CLSA cuts to sell from underperform 
    * Lufkin Industries  LUFK.O : Wells Fargo cuts to market perform - Theflyonthewall.com 
    * Macy's  M.N : Stifel initiates with buy; price target $55 
    * Matador Resources Co  MTDR.N : Wunderlich starts with buy rating; price target of $15 
    * Matador Resources Co  MTDR.N : SunTrust raises price target to $15 from $13; rating buy 
    * Mellanox Technologies  MLNX.O : Stifel raises to buy from hold 
    * Men's Wearhouse  MW.N : Stifel raises price target to $40 from $38; rating buy 
    * Microsoft Corp  MSFT.O : Morgan Stanley raises target to $40 from $36 
    * Microsoft Corp  MSFT.O : Morgan Stanley raises to overweight - Theflyonthewall.com 
    * Mistras Group  MG.N : Baird cuts to neutral from outperform; price target $19  
    * NETGEAR  NTGR.O : Goldman cuts to sell from neutral - Theflyonthewall.com 
    * New Gold Inc  NGD.A : Credit Suisse cuts target price to $9.50 from $12; rating outperform 
    * Newmont Mining  NEM.N  : Credit Suisse cuts target price to $32 from $41; rating neutral  
    * Nexstar Broadcasting  NXST.O : Benchmark raises target price to $39 from $21; rating buy 
    * Oxford Resource Partners  OXF.N :Wells Fargo raises to market perform- Theflyonthewall.com 
    * Pandora Media  P.N : Cowen raises to outperform from market perform  
    * Pandora Media  P.N : Cowen raises target to $22 from $15 
    * PHH Corp  PHH.N : FBR cuts target price to $24 from $28; rating outperform 
    * Rackspace Hosting  RAX.N : Wells Fargo raises to outperform - Theflyonthewall.com 
    * RLJ Lodging Trust  RLJ.N : BMO starts with market perform rating; target price $23 
    * Rubicon Technology  RBCN.O : JP Morgan cuts to neutral from overweight 
    * S&T Bancorp Inc  STBA.O : Guggenheim raises to buy from neutral  
    * Seacor Holdings Inc  CKH.N : Credit Suisse raises target price to $88 from $80 
    * Signature Bank  SBNY.O : Guggenheim raises target price to $95 from $89; rating buy  
    * Susquehanna Bancshares  SUSQ.O : Guggenheim raises to buy from neutral  
    * Synaptics Inc  SYNA.O : JP Morgan raises price target to $53 from $52; rating overweight 
    * Synaptics Inc  SYNA.O : Stifel raises target price to $56 from $48; rating buy 
    * SYNNEX Corp  SNX.N : Needham raises price target to $46 from $42; rating buy 
    * SYNNEX Corp  SNX.N : Brean Capital raises target price to $46 from $43; rating buy 
    * Tidewater Inc  TDW.N : Credit Suisse raises target price to $63 from $60  
    * TripAdvisor Inc  TRIP.O : Needham raises target price to $75 from $63; rating buy 
    * USA Compression Partners  USAC.N : RBC starts with outperform rating; $26 price target 
    * Walgreen Co  WAG.N : Mizuho cuts price target to $50 from $53; rating buy 
    * Walgreen Co  WAG.N : Guggenheim cuts price target to $52 from $55; rating buy 
    * Walgreen Co  WAG.N : Cantor Fitzgerald cuts price target to $45 from $49; rating hold 
    * Walgreen Co  WAG.N : Credit Suisse cuts target price to $45 from $50; rating neutral 
    * Webster Financial Corp  WBS.N : Guggenheim raises target price to $28.50 from $27.50 
    * Yamana Gold Inc  AUY.N : Credit Suisse cuts price target to $15 from $19;rating outperform 
 
 (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/