U.S. RESEARCH ROUNDUP: American Express,Google, Wells Fargo

Rubicon Technology

14/06/2013 23:16

June 14 (Reuters) - Wall Street securities analysts revised their ratings and price targets 
on several U.S. companies, including Wells Fargo and Google, on Friday.  
     
    HIGHLIGHTS 
    * Freeport-McMoRan  FCX.N : Credit Suisse reinstates coverage with outperform rating 
    * Wells Fargo & Co  WFC.N : Sterne Agee cuts to neutral from buy 
    * Google Inc  GOOG.O : Evercore Partners raises price target to $1050 from $925 
    * Coca-Cola Enterprises Inc  CCE.N : Nomura cuts price target to $35 from $37 
    * American Express Co  AXP.N : Barclays cuts to equal weight from overweight 
    * Transocean Ltd  RIG.N : Susquehanna cuts price target to $55 from $56 
         
Following is a summary of research actions on U.S. companies reported by Reuters on Friday. 
Stock entries are in alphabetical order.  
     
    * Acadia Pharmaceuticals  ACAD.O : JMP Securities raises price target to $27 from $16 
    * Advent Software  ADVS.O : JP Morgan raises to neutral- Theflyonthewall.com 
    * Advent Software  ADVS.O : Wedbush raises to outperform from neutral 
    * Advent Software  ADVS.O : Wedbush raises price target to $38 from $27 
    * Airgas Inc  ARG.N : Raymond James starts with market perform rating 
    * Air Products  APD.N : Raymond James starts with outperform rating 
    * American Express Co  AXP.N : Barclays cuts to equal weight from overweight 
    * Auxilium Pharmaceuticals  AUXL.O : Mizuho Securities starts with buy 
    * Canadian Pacific Railway  CP.N : Barclays raises price target to $133 from $132     
    * Carmax Inc  KMX.N : Nomura cuts price target to $56 from $58; rating buy 
    * Casey's General Stores  CASY.O : RBC raises price target to $64 from $63 
    * Chart Industries Inc  GTLS.O : William Blair raises price target to $98 from $82 
    * Ciena Corp  CIEN.O : Stifel raises price target to $24 from $22 
    * Coca-Cola Enterprises Inc  CCE.N : Nomura cuts price target to $35 from $37 
    * Compass Group PLC  CPG.L : Morgan Stanley raises price target to 830p from 810p 
    * Concho Resources  CXO.N : Socgen cuts price target to $110 from $114 
    * Discover Financial Services  DFS.N : Barclays raises target price to $57 from $50 
    * Edison International  EIX.N : Bernstein raises to outperform from market perform 
    * EnerNOC Inc  ENOC.O : JP Morgan raises to overweight from neutral 
    * FIS  FIS.N : Baird cuts to neutral 
    * Freeport-McMoran  FCX.N : Credit Suisse reinstates coverage with outperform rating 
    * Gannett Co Inc  GCI.N : Noble Financial raises price target to $33 from $23 
    * Gannett Co Inc  GCI.N : UBS raises price target to $27 from $19; rating neutral 
    * Gap Inc  GPS.N : BMO raises price target to $50 from $48; rating outperform 
    * Google Inc  GOOG.O : Evercore Partners raises price target to $1050 from $925 
    * Google Inc  GOOG.O : Evercore Partners adds to conviction buy list 
    * Groupon Inc  GRPN.O : Deutsche Bank raises to buy from hold- Benzinga.com 
    * Halcon Resources Corp  HK.N : Canaccord Genuity Cuts Price Target To $8.50 From $9 
    * Hanesbrands Inc  HBI.N : Citigroup raises price target to $60 from $54; rating buy  
    * Hormel Foods  HRL.N : KeyBanc raises to buy from hold 
    * ICE  ICE.N : Sandler O'Neill Partners raises target price to $195 from $180 
    * LRR Energy LP  LRE.N : Oppenheimer cuts target price to $18 from $24 
    * M&T Bank Corp  MTB.N : Sterne Agee raises to buy from neutral 
    * Myriad Genetics Inc  MYGN.O : RBC cuts to sector perform from outperform 
    * Myriad Genetics  MYGN.O : JMP Securities raises to market outperform from market perform 
    * New Oriental Education & Technology Group  EDU.N : Jefferies ups target to $25.30 from $22 
    * NYSE Euronext  NYX.N : Sandler O'Neill Partners raises target price to $45 from $42 
    * Ocwen Financial Corp  OCN.N : Compass Point raises price target to $49 from $44 
    * OGE Energy  OGE.N : Jefferies raises to buy from hold; raises price target to $76 from $74 
    * PHH Corp  PHH.N : Evercore Partners starts with equal-weight rating- Theflyonthewall.com 
    * Praxair Inc  PX.N : Raymond James starts with strong buy 
    * PVH Corp  PVH.N : Citigroup raises price target to $144 from $140; rating buy 
    * QEP Resources  QEP.N : SocGen cuts price target to $36 from $37 
    * Resolute Energy Corp  REN.N : Wells Fargo starts with outperform rating 
    * Restoration Hardware Holdings  RH.N : Piper Jaffray raises price target to $62 from $59 
    * Range Resources  RRC.N : SocGen cuts price target to $93 from $94 
    * Raytheon Co  RTN.N : RBC raises price target to $65 from $60; rating sector perform 
    * Rubicon  RBCN.O : Goldman cuts to sell from neutral- Theflyonthewall.com 
    * Signature Bank  SBNY.O : BMO raises to outperform from market perform 
    * Signature Bank  SBNY.O : BMO raises price target to $90 from $78 
    * Smith & Wesson Holding Corp  SWHC.O : Wedbush raises price target to $10 from $9  
    * SM Energy Co  SM.N : SocGen cuts to hold from buy- Theflyonthewall.com 
    * Southern Co  SO.N : Jefferies cuts to hold from buy; cuts price target to $46 from $53.50  
  
    * Southwestern Energy  SWN.N : SocGen raises price target to $47 from $44 
    * Solarcity  SCTY.O : Credit Suisse raises to outperform from neutral- Theflyonthewall.Com 
    * Sunpower Corp  SPWR.O : Credit Suisse raises target price to $19 from $16 
    * Suntrust Banks Inc  STI.N : UBS cuts to neutral from buy 
    * Thomson Reuters Corp  TRI.N : Barclays raises price target to $33 from $29     
    * Transocean Ltd  RIG.N : Susquehanna cuts price target to $55 from $56 
    * Wells Fargo & Co  WFC.N : Jefferies raises price target to $44 from $42 
    * Wells Fargo & Co  WFC.N : Sterne Agee cuts to neutral from buy 
    * Whiting Petroleum  WLL.N : SocGen cuts price target to $57 from $59; rating buy 
    * Williams Partners LP  WPZ.N : Stifel cuts to hold from buy 
    * Xoma Corp  XOMA.O : Wedbush raises price target to $6 from $5 
 
 (Compiled by Maneesha Tiwari and Neha Dimri in Bangalore) 
 ((maneesha.tiwari@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 4135 
5800)(Reuters Messaging: maneesha.tiwari.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH US/