Equity Brief: Ratings Changes for November 13th: RS, SCOR, SDRL, SGEN, SHW, SOHU, SSYS, STRA, SYUT
Zacks reiterated its neutral rating on shares of Reliance Steel & Aluminum (NYSE: RS). They have a $58.00 price target on the stock.
Raymond James downgraded shares of COMSCORE, Inc. (NASDAQ: SCOR) from a market perform rating to an underperform rating.
Deutsche Bank initiated coverage on shares of Seadrill Ltd (NASDAQ: SDRL). They issued a buy rating on the stock and set a $41.00 price target. They wrote, "SDRL is a unique play on both strong near-term fundamentals and one of the best secular growth stories in the industry (high spec and deepwater assets). With a fleet of 67 rigs, SDRL has one of the highest quality and most diversified fleets in the industry. While we see relatively modest upside in the shares, SDRL's significant yield is likely to remain attractive and the total return potential supports our BUY case."
Credit Suisse initiated coverage on shares of Seattle Genetics, Inc. (NASDAQ: SGEN). They issued an outperform rating on the stock and set a $28.00 price target.
Credit Agricole upgraded shares of Sherwin Williams (NYSE: SHW) from an underperform rating to an outperform rating. Credit Agricole now has a $170.00 price target on the stock, up previously from $145.00.
Nomura gave shares of Sherwin Williams (NYSE: SHW) a new $170.00 price target. They now have a positive rating on the stock.
HSBC initiated coverage on shares of Sohu.Com Inc. (SOHU). They issued an underweight rating on the stock.
Piper Jaffray upgraded shares of Stratasys (SSYS) from a neutral rating to an overweight rating. Piper Jaffray now has a $76.00 price target on the stock. They wrote, "We are upgrading Stratasys to Overweight from Neutral given our belief the 3D printing industry will experience strong secular growth. We believe the growing adoption of 3D CAD, coupled with increased awareness and price elasticity will drive higher 3D printer penetration, which should provide a multiple effect on unit growth. This growing system installed base creates a growing annuity of high margin material sales sold into a captive audience. . Given the increasing adoption of 3D printing for prototyping, DDM, consumer applications and the high margin characteristics of material sales, we believe investors need exposure to this space."
Deutsche Bank lowered its price target on shares of Strayer Education, Inc. (STRA) from $50.00 to $44.00. They have a sell rating on the stock. They wrote, "We maintain our Sell as we think new enrollment deteriorates into 2013. We lower 4Q EPS from $1.48 to $1.45 (prior Street at $1.59) but raise FY13 EPS from $4.28 to $4.36 (prior Street at $5.67) on modestly better rev/student and lower costs due to weaker new enrolment. New enrollment growth was +9% in Summer but only +4% this Fall. By Winter, STRA will cycle the 1-2pt acquisition benefit, plus as 2013 progresses STRA will go from its current +9% YoY campus growth to flat."
Barclays Capital lowered its price target on shares of Strayer Education, Inc. (STRA) from $78.00 to $63.00. They have an equal weight rating on the stock.
Oppenheimer downgraded shares of Synutra International, Inc. (SYUT) from an outperform rating to a market perform rating.
DA Davidson downgraded shares of Titanium Metals Corp (TIE) from a buy rating to a neutral rating. Their analysts now have a $16.50 price target on the stock.
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Source: Equity Brief via Thomson Reuters ONE