-
Sterne Agee Reiterates Buy Rating, $28 PT on Total System Services
Wednesday, January 23, 2013 - 3:19pm | 114Read More...In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $28.00 price target on Total System Services (NYSE: TSS). Sterne Agee noted, “Adjusting for a one-time expense, TSYS' 4Q EPS would have been in line with consensus, but more important, 2013 EPS guidance was in line...
-
UPDATE: Sterne Agee Downgrades Alterra Capital Holdings to Neutral, Reiterates $29 PT
Friday, January 18, 2013 - 11:58am | 86Read More...In a report published Friday, Sterne Agee Group downgraded its rating on Alterra Capital Holdings Ltd. (NASDAQ: ALTE) from Buy to Neutral, and reiterated its $29.00 price target. Sterne Agee noted, “We are downgrading ALTE to Neutral from Buy given the previously announced acquisition of Alterra...
-
UPDATE: Sterne Agee Reiterates Underperform Rating, Raises PT on PAREXEL International Corporation
Monday, January 14, 2013 - 2:12pm | 114Read More...In a report published Monday, Sterne Agee Group reiterated its Underperform rating on PAREXEL International Corporation (NASDAQ: PRXL), and raised its price target from $23.50 to $27.00. Sterne Agee noted, “As we discussed in a recent industry note (dated 1/7/13), we believe investors are under-...
-
UPDATE: Sterne Agee Reiterates Neutral Rating, Raises PT on ICON plc
Monday, January 14, 2013 - 2:11pm | 123Read More...In a report published Monday, Sterne Agee Group reiterated its Neutral rating on ICON plc (NASDAQ: ICLR), and slightly raised its price target from $24.00 to $25.00. Sterne Agee noted, “Not unlike our caution on PRXL, we must question ICLR's ability to provide accurate forecasts. However, ICLR's...
-
UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Covance
Monday, January 14, 2013 - 2:11pm | 129Read More...In a report published Monday, Sterne Agee Group reiterated its Buy rating on Covance (NYSE: CVD), and raised its price target from $65.00 to $73.00. Sterne Agee noted, “Over the past 10 years, CVD has traded between 10x and 27x next year earnings estimates (avg: 19x). Our $73 price target is based...
-
UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Charles River Laboratories
Monday, January 14, 2013 - 2:10pm | 130Read More...In a report published Monday, Sterne Agee Group reiterated its Buy rating on Charles River Laboratories (NYSE: CRL), and raised its price target from $45.00 to $51.00. Sterne Agee noted, “CRL has traditionally traded at a discount to CVD, and we expect that discount to persist. Charles River has a...
-
UPDATE: Sterne Agee Reiterates Neutral Rating, Raises PT on Quality Systems
Monday, January 14, 2013 - 12:45pm | 110Read More...In a report published Monday, Sterne Agee Group reiterated its Neutral rating on Quality Systems (NASDAQ: QSII), and raised its price target from $14.00 to $17.00. Sterne Agee noted, “QSII trades at a significant discount to the peer group, highlighting the uncertainties surrounding the company's...
-
UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on MedAssets
Monday, January 14, 2013 - 12:44pm | 107Read More...In a report published Monday, Sterne Agee Group reiterated its Buy rating on MedAssets (NASDAQ: MDAS), and raised its price target from $22.00 to $24.00. Sterne Agee noted, “At the start of 2012, MDAS was trading around 7.5x the consensus FY2 EBITDA estimate. By year-end, that multiple had risen...
-
UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Cerner Corporation
Monday, January 14, 2013 - 12:43pm | 136Read More...In a report published Monday, Sterne Agee Group reiterated its Buy rating on Cerner Corporation (NASDAQ: CERN), and raised its price target from $90.00 to $96.00. Sterne Agee noted, “We are revising our price target from $90 to $96. This target is based on 14.5x our CY14 EBITDA estimate of $1.1...
-
UPDATE: Sterne Agee Reiterates Neutral Rating, Raises PT on athenahealth
Monday, January 14, 2013 - 12:39pm | 131Read More...In a report published Monday, Sterne Agee Group reiterated its Neutral rating on athenahealth (NASDAQ: ATHN), and raised its price target from $72.00 to $80.00. Sterne Agee noted, “The proposed acquisition of Epocrates (EPOC, NR, $11.68) announced last week has reignited investor interest in the...
-
UPDATE: Sterne Agee Reiterates Buy Rating, Lowers PT on Cypress Semiconductor Corporation
Wednesday, January 9, 2013 - 2:47pm | 119Read More...In a report published Wednesday, Sterne Agee Group reiterated its Buy rating on Cypress Semiconductor Corporation (NASDAQ: CY), but slightly lowered its price target from $15.00 to $14.00. Sterne Agee noted, “CY preannounced its 4Q yesterday, noting significant weakness globally in the month of...
-
Sterne Agee Reiterates Buy Rating, $101 PT on McDonald's Corporation
Monday, January 7, 2013 - 12:11pm | 105Read More...In a report published Monday, Sterne Agee Group reiterated its Buy rating and $101.00 price target on McDonald's Corporation (NYSE: MCD). Sterne Agee noted, “Recent channel checks indicate that MCD will be testing chicken wings (‘Mighty Wings') in a second major market (Chicago) beginning this...
-
UPDATE: Sterne Agee Downgrades Electronic Arts to Neutral
Monday, January 7, 2013 - 10:34am | 115Read More...In a report published Monday, Sterne Agee Group downgraded its rating on Electronic Arts (NASDAQ: EA) from Buy to Neutral. Sterne Agee noted, “We are downgrading shares of EA from Buy to Neutral on concerns that the Street's FY13 estimates for EA will prove overly optimistic. We are lowering our...
-
Sterne Agee Reiterates Buy Rating, $3.50 PT on Radiant Logistics
Wednesday, January 2, 2013 - 2:27pm | 147Read More...In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $3.50 price target on Radiant Logistics (NYSE: RLGT). Sterne Agee noted, “RLGT's arbitration victory against a former rogue affiliate should clear up the overhang which has been sitting on the shares and allow the...
-
Sterne Agee Reiterates Buy Rating, $87 PT on The Boeing Company
Wednesday, January 2, 2013 - 2:12pm | 108Read More...In a report published Wednesday, Sterne Agee Group reiterated its Buy rating and $87.00 price target on The Boeing Company (NYSE: BA). Sterne Agee noted, “Based on our checks, BA delivered ~62 aircraft in December. There were an estimated 11 787 deliveries in December, a record month which raises...
