Analysts Change Share Price Targets: PMC, COHR, OI, IIVI, RSTI, ACI, RBA, KOPN, CODE, RBCN, FSLR, PM, ARML, CY, OVTI, SIMO, CBE, OPEN

Stock analysts reiterated their ratings of these public companies on October 3rd:

  • PharMerica (NYSE:PMC): UBS reiterated its rating of Neutral for this company and changed its price target from $13 to $15. About the company: PharMerica Corporation is a pharmaceutical services firm. The Company provides services to patients in hospitals and long term care settings.
  • Coherent (NASDAQ:COHR): Longbow reiterated its rating of Buy for this company and changed its price target from $65 to $55. About the company: Coherent, Inc. is a global company that manufactures and sells a variety of laser-based photonic products. The Company’s products are used in manufacturing and instrumentation applications that include optical telecommunication, semiconductor manufacturing, inspection and test, advance packaging, and reprographics. The electro-optical market consists of Fortune 500 customers.
  • Owens-Illinois (NYSE:OI): Longbow reiterated its rating of Buy for this company and changed its price target from $35 to $30. About the company: Owens-Illinois, Inc. manufactures glass packaging products. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. Owens-Illinois sells its products to customers around the world.
  • II-VI (NASDAQ:IIVI): Longbow reiterated its rating of Buy for this company and changed its price target from $29 to $24. About the company: II-VI Incorporated designs, manufactures, and markets optical and optoelectronic devices used in laser processing, fiber-optic telecommunication, infrared missile guidance, advanced x-ray systems, and nuclear radiation detection. The Company manufactures its products in the United States, Singapore, China, Mexico, and Belgium.
  • Rofin-Sinar Technologies (NASDAQ:RSTI): Longbow reiterated its rating of Buy for this company and changed its price target from $38 to $28. About the company: Rofin-Sinar Technologies, Inc. develops, manufactures, and markets laser-based products used for cutting, welding, and marking a wide range of industrial materials. The Company, through its global network, provides a range of laser solutions to the machine tool, automotive, and semiconductor and electronics industries.
  • Ritchie Bros. (NYSE:RBA): RBC Capital Mkts reiterated its rating of Underperform for this company and changed its price target from $18 to $17. About the company: Ritchie Bros. Auctioneers Incorporated auctions industrial equipment, operating through various locations around the world. The Company sells, through unreserved public auctions, used and unused industrial equipment, including equipment used in the construction, transportation, mining, forestry, petroleum, and agricultural industries.
  • Arch Coal (NYSE:ACI): Howard Weil reiterated its rating of Market Outperform for this company and changed its price target from $41 to $35. FBR Capital reiterated its rating of Outperform for this company and changed its price target from $32 to $28. About the company: Arch Coal, Inc. mines, processes, and markets low sulfur coal from surface, underground, and auger mines located in the western United States and in the central Appalachian region. The Company markets its coal primarily to electric utilities.
  • Kopin (NASDAQ:KOPN): Needham reiterated its rating of Buy for this company and changed its price target from $6 to $4.5. About the company: Kopin Corporation develops and manufactures semiconductor materials and small form factor displays. The Company uses its proprietary technology to design, manufacture, and market products used in commercial wireless communications and high resolution portable applications. Kopin’s principal semiconductor wafer product is a heterojunction bipolar transistor device wafer.
  • Spansion (NYSE:CODE): Needham reiterated its rating of Buy for this company and changed its price target from $18 to $16. About the company: Spansion, Inc. develops and markets flash memory products. Flash memory is incorporated into cars, printers, networking equipment, set-top boxes, high-definition televisions, games, cell phones and other consumer electronics.
  • Rubicon Tech (NASDAQ:RBCN): Canaccord Genuity reiterated its rating of Hold for this company and changed its price target from $11 to $9. About the company: Rubicon Technology, Inc. develops, manufactures, and sells monocrystalline sapphire and other crystalline products. The Company’s products are used in Light-Emitting Diodes (“LEDs”), radio frequency integrated circuits (“RFICs”), blue laser diodes, and optoelectronics and other optical applications.
  • First Solar (NASDAQ:FSLR): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $168 to $107. About the company: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.
  • Philip Morris International (NYSE:PM): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $78 to $75. About the company: Philip Morris International Inc., through its subsidiaries, affiliates and their licensees, produces, sells, distributes, and markets a wide range of branded cigarettes and tobacco products in markets outside of the United States of America. The Company’s portfolio comprises both international and local brands.
  • Atmel (NASDAQ:ATML): Needham reiterated its rating of Strong Buy for this company and changed its price target from $20 to $12. About the company: Atmel Corporation designs, develops, manufactures, and markets various non-volatile memory and logic integrated circuits using its proprietary technology. The Company’s devices are used in products for telecommunications, computers, networking, image processing, industrial and military applications, and avionics.
  • Cypress Semi (NASDAQ:CY): Needham reiterated its rating of Buy for this company and changed its price target from $26 to $18. About the company: Cypress Semiconductor Corporation designs, develops, manufactures, and markets a line of digital and mixed-signal integrated circuits. The Company’s circuits are used in the data communications, telecommunications, computers, and instrumentation systems markets. Cypress’ products are marketed worldwide through a network of sales offices, distributors, and sales representative firm.
  • OmniVision (NASDAQ:OVTI): Needham reiterated its rating of Strong Buy for this company and changed its price target from $30 to $20. About the company: OmniVision Technologies, Inc. provides integrated single chip semiconductor imaging devices. The Company designs, develops, and markets semiconductor imaging devices for computing, communications, and consumer electronics applications. OmniVision’s image sensor product is used in cameras and camera related products such as personal computer, digital, and security cameras.
  • Silicon Motion (NASDAQ:SIMO): Needham reiterated its rating of Buy for this company and changed its price target from $15 to $13. About the company: Silicon Motion Technology Corporation is a semiconductor company that designs, develops, and markets semiconductor products for the multimedia consumer electronics market. The Company’s products include controllers used in mobile storage media and multimedia systems on a chip.
  • Silicon Image (NASDAQ:SIMG): Needham reiterated its rating of Buy for this company and changed its price target from $11 to $8.5. About the company: Silicon Image, Inc. designs, develops, and markets semiconductor solutions for applications that require high-bandwidth, integrated solutions for high-speed data communications. The Company’s products enable host systems to transmit digital video data and enable displays to receive and manipulate digital video data.
  • Cooper Industries (NYSE:CBE): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $64 to $59. About the company: Cooper Industries PLC is a global, diversified electrical products and tools manufacturer. The Company’s products include electrical distribution equipment, wiring devices, support systems, hazardous duty electrical equipment, lighting fixtures, emergency lighting, fuses, nonpower hand tools and industrial power tools.
  • OpenTable (NASDAQ:OPEN): The Benchmark Company reiterated its rating of Hold for this company and changed its price target from $80 to $60. About the company: OpenTable, Inc. provides free, real-time online restaurant reservations for diners through an online booking service. The Company also offers reservation and guest management solutions for restaurants. OpenTable allows users to search for tables based on desired criteria for cuisine, price, and location.
  • Fortegra Financial (NYSE:FRF): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $13 to $10. About the company: Fortegra Financial Corporation offers insurance products and services to insurance companies, agents and brokers. The Company offers credit insurance, debt protection, warranty, service contract and car club solutions; business process outsourcing services for insurance companies and commercial lenders; and wholesale brokers specialty property/casualty and surplus lines insurance.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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