Rex Energy Corporation (NASDAQ:REXX) target was increased by BMO Capital following the company’s increase of its 2012 production guidance, and it stated that oils/NGLs would comprise 30 percent of its production by the year’s end. The firm keeps an Outperform rating on the stock.
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(:GNE): Genie Energy reports a Q2 EPS of 15c compared to last year’s 11c.
VeriFone Systems, Inc (NYSE:PAY): According to SunTrust, VeriFone weakness yesterday was an overreaction to Square’s announcement that Starbucks’ (NASDAQ:SBUX) will be able to use its mobile wallet solution. The firm stated that Starbucks’ use of Square’s software does not cause a material threat to Verifone’s top position. Shares have a Buy rating and a $55 price target.
EZchip Semiconductor Ltd. (NASDAQ:EZCH) target was lowered by RBC Capital after the company reduced its 2H12 revenue guidance. The firm is still optimistic regarding the outlook for EZchip growth, and it keeps its Outperform rating on the stock.
Gulfport Energy Corp. (NASDAQ:GPOR) target has been raised by RBC Capital due to what it views as strong results for the company’s first Utica well. RBC keeps its Outperform rating on the shares.
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