David Johnson

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05/30/2012 - 11:52am

Compass Points reiterates its Neutral rating on Equity Residential (NYSE: EQR) and raises its price target from $57.50 to $61.50.

Compass Points notes, "We are incrementally more positive on EQR's valuation, but still believe the stock is fairly valued at current levels.

05/30/2012 - 11:52am

Wunderlich Securities reduces its price target on DIRECTV (NASDAQ: DTV) from $60 to $56, but reiterates its Buy rating on shares.

Wunderlich Securities comments, "We are lowering our price target on Buy-rated DirecTV (DTV) to $56 from $60 off the deteriorating Brazilian reais exchange rate and a lower 60,000 (vs.

05/30/2012 - 11:00am

Stifel Nicolaus reduces its rating on LeCroy Corporation (NASDAQ: LCRY) from Buy to Hold and suspends its PT to $14.

Stifel Nicolaus says, "On May 29th before the market open, LeCroy announced it entered into a definitive agreement to be acquired by Teledyne (TDY, Buy, $60.62, covered by our colleague Steve Levenson) for $14.30 a share in cash.

05/30/2012 - 11:00am

Stifel Nicolaus reiterates its Buy rating on Endo Pharmaceuticals (NASDAQ: ENDP) and reduces its price target from $53 to $50.

05/30/2012 - 10:36am

Citigroup reiterates its Sell/High Risk rating on Research in Motion (NASDAQ: RIMM) and reduces its price target from $11.75 to $9.50.

Citigroup notes, "We reiterate our Sell rating & reduce our target price to $9.50 from $11.75. We are now valuing this company on a price to tangible book value basis given the significantly lower earnings base.

05/30/2012 - 10:34am

Piper Jaffray reduces its price target from $22 to $19 on Finisar Corporation (NASDAQ: FNSR) but reiterates its Overweight rating on shares.

Piper Jaffray says, "We believe the 2H set up for Finisar is favorable, but headwinds from Europe will likely limit any stock appreciation over the next 1-2 quarters.

05/30/2012 - 10:23am

JP Morgan reiterates its Neutral rating on Intuitive Surgical (NASDAQ: ISRG) and raises its price target from $500 to $570.

JP Morgan comments, "We recently surveyed general surgeons (n=28) to gauge interest in the use of da Vinci for new indications, beyond the early successful foothold in prostatectomy and hysterectomy.

05/30/2012 - 10:23am

Goldman Sachs reiterates its Neutral rating on Research in Motion (NASDAQ: RIMM) and reduces its price target from $14 to $13.

Goldman Sachs notes, "RIM's negative operating profit expectation is a disappointment even relative to our below-consensus estimates. We hadn't modeled negative operating margins until the Nov-14 quarter previously.

05/30/2012 - 10:07am

Morgan Stanley reiterates its Overweight rating on Madison Square Garden (NASDAQ: MSG) and increases its price target from $36 to $43.

05/30/2012 - 10:06am

Wedbush reduces its price target on Research in Motion (NASDAQ: RIMM) from $11.50 to $9.50 as it reiterates a Neutral rating on shares.

Wedbush notes, "We continue to remain cautious on RIM and are reducing our estimates to reflect comments made by RIM's CEO in his business update.

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05/30/2012 - 11:52am

Compass Points reiterates its Neutral rating on Equity Residential (NYSE: EQR) and raises its price target from $57.50 to $61.50.

Compass Points notes, "We are incrementally more positive on EQR's valuation, but still believe the stock is fairly valued at current levels.

05/30/2012 - 11:52am

Wunderlich Securities reduces its price target on DIRECTV (NASDAQ: DTV) from $60 to $56, but reiterates its Buy rating on shares.

Wunderlich Securities comments, "We are lowering our price target on Buy-rated DirecTV (DTV) to $56 from $60 off the deteriorating Brazilian reais exchange rate and a lower 60,000 (vs.

05/30/2012 - 11:00am

Stifel Nicolaus reduces its rating on LeCroy Corporation (NASDAQ: LCRY) from Buy to Hold and suspends its PT to $14.

Stifel Nicolaus says, "On May 29th before the market open, LeCroy announced it entered into a definitive agreement to be acquired by Teledyne (TDY, Buy, $60.62, covered by our colleague Steve Levenson) for $14.30 a share in cash.

05/30/2012 - 11:00am

Stifel Nicolaus reiterates its Buy rating on Endo Pharmaceuticals (NASDAQ: ENDP) and reduces its price target from $53 to $50.

05/30/2012 - 10:36am

Citigroup reiterates its Sell/High Risk rating on Research in Motion (NASDAQ: RIMM) and reduces its price target from $11.75 to $9.50.

Citigroup notes, "We reiterate our Sell rating & reduce our target price to $9.50 from $11.75. We are now valuing this company on a price to tangible book value basis given the significantly lower earnings base.

05/30/2012 - 10:34am

Piper Jaffray reduces its price target from $22 to $19 on Finisar Corporation (NASDAQ: FNSR) but reiterates its Overweight rating on shares.

Piper Jaffray says, "We believe the 2H set up for Finisar is favorable, but headwinds from Europe will likely limit any stock appreciation over the next 1-2 quarters.

05/30/2012 - 10:23am

JP Morgan reiterates its Neutral rating on Intuitive Surgical (NASDAQ: ISRG) and raises its price target from $500 to $570.

JP Morgan comments, "We recently surveyed general surgeons (n=28) to gauge interest in the use of da Vinci for new indications, beyond the early successful foothold in prostatectomy and hysterectomy.

05/30/2012 - 10:23am

Goldman Sachs reiterates its Neutral rating on Research in Motion (NASDAQ: RIMM) and reduces its price target from $14 to $13.

Goldman Sachs notes, "RIM's negative operating profit expectation is a disappointment even relative to our below-consensus estimates. We hadn't modeled negative operating margins until the Nov-14 quarter previously.

05/30/2012 - 10:07am

Morgan Stanley reiterates its Overweight rating on Madison Square Garden (NASDAQ: MSG) and increases its price target from $36 to $43.

05/30/2012 - 10:06am

Wedbush reduces its price target on Research in Motion (NASDAQ: RIMM) from $11.50 to $9.50 as it reiterates a Neutral rating on shares.

Wedbush notes, "We continue to remain cautious on RIM and are reducing our estimates to reflect comments made by RIM's CEO in his business update.