Jefferies maintained Energy XXI (NASDAQ: EXXI) with a Hold rating and a $35.00 price target.
Jefferies analyst Biju Z Perincheril wrote, "EXXI expects fiscal 3q volumes to be below prior guidance. We are also lowering our fiscal 4q'13/2014 forecasts. As a result, the free cash flow story has weakened, in our view.
Jefferies maintained Valeant Pharmaceuticals (NYSE: VRX) with a Buy rating and a $77.00 price target.
Jefferies analyst Corey Davis commented, "This morning, VRX announced a ~$360M all-cash tender offer for Obagi Medical Products.
Wedbush downgraded Riverbed Technology (NASDAQ: RVBD) with a Neutral rating and lowered the price target from $20.00 to $17.00.
Wedbush analyst Rohit Chopra noted, "We are positive about Riverbed's dominant competitive positioning in the WAN optimization market, however a deceleration in core growth, potential challenges with the integration of OP
Hilliard Lyons maintained Electronic Arts (NASDAQ: EA) with a Neutral rating.
Hilliard Lyons analyst Jeffrey S. Thomison commented, "After the market close on 3/18/13, John Riccitiello announced his resignation as EA's Chief Executive Officer and Board member effective 3/30/13.
Morgan Stanley upgraded Siemens (NYSE: SI) from Equal-weight to Overweight.
Morgan Stanley analyst Ben Uglow noted, "The market may be too sceptical on the potential to improve returns via selective disposals and the ‘Siemens One' cost program. We are optimistic on both counts and see important catalysts emerging, for the first time in two years.
BGC Partners downgraded Yahoo! (NASDAQ: YHOO) from Buy to Hold while reiterating a $21.00 price target.
BGC Partners analyst Colin Gillis commented, "Yahoo shares are up 43% since we upgraded to BUY on May 21, 2012 at $15.50, and the stock is currently trading above our $21 price target.
Ascendiant Capital Markets maintained Firsthand Technology Value Fund (NASDAQ: SVVC) at Buy and raised the price target from $21.00 to $23.00 following Q4 results.
Ascendiant Capital Markets analyst Edward Woo noted, "Net change in net assets from operations per share (EPS) of $(0.01) compared with our estimate of $0.02.
Stifel Nicolaus maintained Accenture plc (NYSE: ACN) with a Buy and raised the price target from $79.00 to $80.00.
Stifel Nicolaus analyst David Grossman commented, "In sum, we expect solid fundamentals with growth accelerating in the back half of the year consistent with previous guidance.