Red Hat: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Barnes
(B) - Get Barnes Group Inc. Report
downgraded at Jefferies from Buy to Hold. New analyst sees several potential risks to growth. $20 price target.
Diebold
(DBD) - Get Diebold Nixdorf Incorporated Report
rated new Neutral at Goldman Sachs. Company has limited near-term visibility. $32 price target.
Davita
(DVA) - Get DaVita Inc. Report
rated new Neutral at Baird. Valuation call, based on a $79 price target.
Equinix
(EQIX) - Get Equinix Inc. Report
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initiated at Barclays with an Overweight rating and $100 price target. Growth in underlying internet traffic and increasing enterprise willingness to outsource hosting functions will continue to support shares, Barclays said.
Flowers Foods
(FLO) - Get Flowers Foods Inc. Report
downgraded at Deutsche from Buy to Hold. Company could face increased competition and higher input costs. $26 price target.
Fortinet
(FTNT) - Get Fortinet Inc. Report
rated new Buy at Needham & Company. $38 price target. UTM security market is growing quickly.
Glacier Bancorp
(GBCI) - Get Glacier Bancorp Inc. Report
downgraded at Credit Suisse to Neutral from Outperform. Highly capitalized, but fundamentals under pressure and near term M&A prospects are diminished, Credit Suisse said. Price target cut by a dollar to $16.
Jack Henry
(JKHY) - Get Jack Henry & Associates Inc. Report
downgraded at Baird from Outperform to Neutral. Valuation call, based on a $30 price target.
NCR
(NCR) - Get NCR Corporation Report
rated new Neutral at Goldman. $16 price target. Company is posting relatively low sales growth.
Northrop Grumman
(NOC) - Get Northrop Grumman Corporation Report
downgraded at UBS from Buy to Neutral. Valuation call, based on a $67 price target.
Verifone
(PAY)
rated new Neutral at Goldman. $31 price target. Stock is already pricing in the company's solid product pipeline.
Precision Castparts
(PCP)
rated new Buy at Deutsche Bank. $165 price target. Company is leveraged to the pending aerospace upcycle.
Red Hat
(RHT) - Get Red Hat, Inc. Report
upgraded at Piper from Neutral to Overweight. $50 price target. Research suggests potential future market share gains.
JM Smucker
(SJM) - Get J.M. Smucker Company (The) Report
rated new Hold at Citigroup. $69 price target. Company faces near-term volume pressure.
Savvis
( SVVS) initiated at Barclays with an Equal Weight rating and $30 price target. Bullish on growth in US hosting services and interconnection market, Barclays said.
Target
(TGT) - Get Target Corporation Report
rated new Positive at Susquehanna. $67 price target. Company is focusing on its value proposition to drive sales.
Textron
(TXT) - Get Textron Inc. Report
rated new Buy at Jefferies. $28 price target. Company should benefit from better demand for business jets.
Valero
(VLO) - Get Valero Energy Corporation Report
upgraded at Benchmark to Buy. $23 price target. Valuation call, based on an improved earnings outlook.
Western Alliance Bancorp
(WAL) - Get Western Alliance Bancorporation (DE) Report
upgraded at Credit Suisse to Outperform from Neutral. Net interest income growth -- expect profit by 2Q11, Credit Suisse said. Maintain $8.50 price target.
Wal-Mart
(WMT) - Get Walmart Inc. Report
rated new Positive at Susquehanna Financial. Valuation call, with a $66 price target. Company should see U.S. sales ultimately improve.
This article was written by a staff member of TheStreet.
