Carnival Corp. (NYSE:CCL): Susquehanna has lowered its price target on Carnival to $40 from $43, following weak third-quarter results. The firm has remained positive on Carnival’s shares, however, citing the company’s pricing survey, which points to improved net yields, expectations for better fuel pricing, and upcoming easier comparable sales.
Cypress Semiconductor Corp. (NASDAQ:CY): After Cypress reduced its third- and fourth-quarter revenue guidance, Sterne Agee said that further cost cutting and upcoming 2014 design wins leave Cypress Semiconductor well positioned, and that its shares are unlikely to drop much further. The firm does not think Cypress has suffered any design win losses, and has kept a Buy rating on the shares.
Diamond Offshore Drilling (NYSE:DO): Guggenheim upgraded Diamond Offshore Drilling to Buy from Neutral based on Diamond’s dividend growth. The firm has raised its price target for the stock to $80 from $73.
Ascena Retail Group (NASDAQ:ASNA): After Ascena reported better-than-expected fourth-quarter results, Oppenheimer said that Ascena’s shares still look cheap, that the company’s new businesses are improving, and that Ascena could continue to be the No. 1 retailer in the “tween” space. The firm maintained a $25 price target and Outperform rating on Ascena’s shares.