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UPDATE: DA Davidson Raises PT on Hormel Foods Following Consistent Growth
Thursday, May 23, 2013 - 2:23pmIn a report published on Thursday, DA Davidson raised its Price Target on Hormel Foods (NYSE: HRL) from $38 to $42.DA Davidson also maintained its neutral rating on the company. In the report, analysts from DA Davidson commented that "HRL remains at a premium valuation, trading above even its...
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UPDATE: J.P. Morgan Reiterates Neutral Rating, Raises PT on Hewlett-Packard Company on Expected Upward Trends
Thursday, May 23, 2013 - 10:18amIn a report published Thursday, J.P. Morgan analyst Mark Moskowitz reiterated a Neutral rating on Hewlett-Packard Company (NYSE: HPQ), and raised the price target from $22.00 to $24.50. In the report, J.P. Morgan noted, “We expect shares of Neutral-rated HP to be upward trending in the near...
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UPDATE: D.A. Davidson Reiterates Buy Rating, Raises PT on Pacific Sunwear of California Following Good 1Q Results
Thursday, May 23, 2013 - 10:04amIn a report published Thursday, D.A. Davidson reiterated a Buy rating on Pacific Sunwear of California (NASDAQ: PSUN), and raised the price target from $3.50 to $4.25. In the report, D.A. Davidson noted, “1Q results exceed guidance and expectations. PSUN reported comps, revenue and non-GAAP EPS...
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UPDATE: Williams Financial Group Reiterates Buy Rating, Raises PT on Semtech Corporation Following In-Line Q1 EPS, Upside
Thursday, May 23, 2013 - 10:03amIn a report published Thursday, Williams Financial Group analyst Cody G. Acree reiterated a Buy rating on Semtech Corporation (NASDAQ: SMTC), and raised the price target from $36.00 to $44.00. In the report, Williams Financial noted, “Semtech (SMTC, Buy, $36.33) continued to show its strength...
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Citi Analyst Says Saks Could Be Worth $19/Share in Takeover
Wednesday, May 22, 2013 - 1:39pmCiti's Deborah Weinswig boosted her price target on Saks (NYSE: SKS) Wednesday morning as investors and traders are responding to a number of rumors. Shares of Saks were up around 14 percent throughout most of Wednesday's morning session; the stock spiked even higher just after noon amid a rumor...
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UPDATE: Wedbush Raises PT on NetApp on Massive Buyback, Dividend and Restructuring
Wednesday, May 22, 2013 - 1:25pmIn a research report published on Wednesday, Wedbush analyst Rohit Chopra raised the price target on NetApp (NASDAQ: NTAP) from $35 to $40 and maintained a rating of Neutral on the company. In the report, Wedbush stated, "Bottom line, the health of the business remains challenged given results...
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UPDATE: Wedbush Raises PT on Integrated Device Technology on Upbeat Upper Management Meetings
Wednesday, May 22, 2013 - 1:23pmIn a report published on Wednesday, Wedbush analyst Betsy Van Hees raised the price target on Integrated Device Technology (NASDAQ: IDTI) from $7 to $8.50 and maintained a rating of Neutral. In the report, Wedbush noted, "...the recovery of IDT's core business is firmly on track and while...
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UPDATE: FBN Securities Raises PT on NetApp on Capital Allocation Program
Wednesday, May 22, 2013 - 1:19pmIn a report published on Wednesday, FBN Securities analyst Shebly Seyrafi raised the price target on NetApp (NASDAQ: NTAP) from $40.00 to $42.00, and reiterated an Outperform rating. In the report, FBN Securities noted, "FQ4 results - Strong product GM, but weakness in US Public. For the FQ4/...
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UPDATE: Goldman Sachs Lowers PT on Intuit on Disappointing Tax Season
Wednesday, May 22, 2013 - 1:16pmIn a report published on Wednesday, Goldman Sachs analyst Greg Dunham lowered the price target on Intuit (NASDAQ: INTU) from $63 to $67 and maintained their Neutral rating on the company. In the report, Goldman Sachs stated that, "Another sluggish consumer tax season (i.e., mid-single digit...
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UPDATE: JP Morgan Raises PT on Dick's Sporting Goods on Solid Operational Performance
Wednesday, May 22, 2013 - 1:12pmIn a report published on Wednesday, JP Morgan analyst Christopher Horvers raised the price target on Dick's Sporting Goods (NYSE: DKS) from $59 to $61, and reiterated an Overweight rating. In the report, JP Morgan noted, " In spite of continued top-line sluggishness, DKS was able to leverage...
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