Analysts Altered Price Targets on These Stocks as Dow Crashes 300 Points Today

Following is information on companies for which stock analysts either initiated coverage or reiterated their coverage.

Coverage Initiated

  • Analog Devices (NYSE:ADI): Morgan Keegan initiated coverage on this stock with a rating of Mkt Perform.  No price target was given.  About the company: Analog Devices, Inc. designs, manufactures, and markets integrated circuits used in analog and digital signal processing.  The Company’s products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications.  Analog Devices sells its products worldwide.
  • Lucas Energy (AMEX:LEI): C.K. Cooper initiated coverage on this stock with a rating of Buy and a price target of $5.5.  About the company: Lucas Energy, Inc. explores for oil and natural gas in the United States.

Coverage Reiterated

  • Bruker Corp. (NASDAQ:BRKR): UBS reiterated its rating of Buy for this company and changed its price target from $23 to $21.  About the company: Bruker Corporation designs, manufactures, and markets proprietary life science systems based on spectrometry technology platforms. The Company also sells a range of field analytical systems for substance detection and pathogen identification. Bruker develops life science and advanced materials research tools based on X-ray technology.
  • Agrium (NYSE:AGU): UBS reiterated its rating of Buy for this company and changed its price target from $112 to $115.  About the company: Agrium Inc. supplies nitrogen, potash and phosphate for agricultural, industrial, and specialty use. The Company operates throughout the America’s while it markets its products globally.
  • SPX Corp (NYSE:SPW): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $100 to $90.  About the company: SPX Corporation is a global provider of technical products and systems, industrial products and services, service solutions, and vehicle components. The Company designs, manufactures, and markets data networking equipment, fire detection equipment, power transformers, TV and radio broadcast equipment, and a variety of specialty tools, equipment, and services.
  • Computer Sciences (NYSE:CSC): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $50 to $45.  About the company: Computer Sciences Corporation provides consulting and information technology services to industry and government. The Company provides consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting. Computer Sciences operates locations around the world.
  • Anaren Microwave (NASDAQ:ANEN): Needham reiterated its rating of Buy for this company and changed its price target from $20 to $23.  About the company: Anaren, Inc. designs, develops, manufactures, and sells integrated microwave component assemblies and subsystems. The Company serves the wireless communications, satellite communications, and defense electronics markets.
  • Ameristar Casinos (NASDAQ:ASCA): Brean Murray reiterated its rating of Buy for this company and changed its price target from $30 to $32.  About the company: Ameristar Casinos, Inc. is a multi-jurisdictional gaming company that owns and operates casinos and related hotel, food and beverage, entertainment, and other facilities. The Company’s properties are located in Nevada, Mississippi, and Iowa.
  • RR Donnelley & Sons (NASDAQ:RRD): The Benchmark Company reiterated its rating of Buy for this company and changed its price target from $23 to $19.  About the company: R. R. Donnelley & Sons Company provides commercial printing and information services. The Company provides solutions that include commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management.
  • Entropic Comms (NASDAQ:ENTR): The Benchmark Company reiterated its rating of Buy and changed its price target from $12 to $9.  About the company: Entropic Communications, Inc. designs, develops and outsources the manufacture of, semiconductors. The Company markets semiconductors that enable the home networking of digital entertainment over existing coaxial cable.
  • Clear Channel Outdoor (NYSE:CCO): The Benchmark Company reiterated its rating of Hold and changed its price target from $16 to $14.  About the company: Clear Channel Outdoor Holdings, Inc. is an advertising company. The Company offers advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays.
  • MasterCard (NYSE:MA): FBR Capital reiterated its rating of Outperform and changed its price target from $330 to $390.  About the company: MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.
  • NCI (NASDAQ:NCIT): FBR Capital reiterated its rating of Mkt Perform and changed its price target from $27 to $22.  About the company: NCI, Inc. designs, installs and maintains information technology systems and networks for government agencies. The Company offers network engineering, information assurance, systems development and integration, and enterprise systems management services.
  • Ameristar Casinos (NASDAQ:ASCA): FBR Capital reiterated its rating of Outperform and changed its price target from $24 to $27.  About the company: Ameristar Casinos, Inc. is a multi-jurisdictional gaming company that owns and operates casinos and related hotel, food and beverage, entertainment, and other facilities. The Company’s properties are located in Nevada, Mississippi, and Iowa.
  • SPX Corp (NYSE:SPW): FBR Capital reiterated its rating of Outperform and changed its price target from $92 to $88.  About the company: SPX Corporation is a global provider of technical products and systems, industrial products and services, service solutions, and vehicle components. The Company designs, manufactures, and markets data networking equipment, fire detection equipment, power transformers, TV and radio broadcast equipment, and a variety of specialty tools, equipment, and services.
  • Approach Resources (NASDAQ:AREX): Rodman & Renshaw reiterated its rating of Mkt Outperform and changed its price target from $33 to $30.  About the company: Approach Resources Inc explores for and produces natural gas and crude oil.
  • Pinnacle (NYSE:PNK): Morgan Joseph reiterated its rating of Buy and changed its price target from $18 to $20.  About the company: Pinnacle Entertainment, Inc. is a diversified gaming company that owns and operates several casinos and casino hotels. The Company’s facilities are located in Nevada, Mississippi, Louisiana, and Argentina. Pinnacle also receives lease income from card club casinos located in Los Angeles, California.
  • Lincoln Educational Services (NASDAQ:LINC): Barrington Research reiterated its rating of Outperform and changed its price target from $23 to $19.  About the company: Lincoln Educational Services Corporation provides career-oriented post-secondary education. The Company offers recent high school graduates and working adults degree and diploma programs at its campuses in automotive technology, health sciences, skilled trades, business and information technology and spa and culinary.
  • Yingli Green Energy (NYSE:YGE): Ardour Capital reiterated its rating of Hold and changed its price target from $10 to $7.5.  About the company: Yingli Green Energy Holding Company Limited designs, manufactures and sells PV modules. The Company also designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.
  • Molex (NASDAQ:MOLX): Longbow reiterated its rating of Buy and changed its price target from $32 to $29.  About the company: Molex Incorporated manufactures electronic, electrical, and fiber optic interconnection products and systems, switches, value-added assemblies, and application tooling. The Company sells to original equipment manufacturers in industries that include automotive, computer, computer peripheral, business equipment, telecommunications, consumer products, and premise wiring.

(Note: Data on stock ratings are sourced from here.  All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>

More from The Cheat Sheet