Analysts Changed Price Targets for These 3 Basic Material Companies: CWEI, FTI, GFI

Wall St. Watchdog reveals information about companies for which stock analysts reiterated ratings in the Basic Materials sector for the week ending December 9th, 2011.

  • Clayton Williams (NASDAQ:CWEI): Wunderlich reiterated its rating of Buy for this company and changed its price target from $84 to $95 on Dec 7th. The shares recently traded at $82.76, up $0.54, or 0.66% since the analyst’s rating. About the company: Clayton Williams Energy, Inc. and its subsidiaries explore for and produce oil and natural gas. The Company’s activities are primarily located in Texas, Louisiana, and other southern states. Get the most recent company news and stock data here >>
  • FMC Tech (NYSE:FTI): Howard Weil reiterated its rating of Market Perform for this company and changed its price target from $48 to $50 on Dec 7th. The shares recently traded at $49.76, down $2.13, or 4.1% since the analyst’s rating. About the company: FMC Technologies, Inc. designs, manufactures, and services systems and products used in offshore, particularly deepwater, exploration and production of crude oil and natural gas. The Company also provides advanced handling and processing systems to industrial customers. FMC Technologies’ subsea products include drilling and production systems, subsea tree systems, and fluid control systems. Get the most recent company news and stock data here >>
  • Gold Fields (NYSE:GFI): HSBC Securities reiterated its rating of Overweight for this company and changed its price target from $30 to $25 on Dec 8th. The shares recently traded at $15.77, down $0.55, or 3.37% since the analyst’s rating. About the company: Gold Fields Limited produces precious metals. The Company has mines in South Africa, Ghana, and Australia, as well as a partnership in Finland. Gold Fields has a precious metals programs in Africa, Australasia, Europe, North America, and South America. Get the most recent company news and stock data here >>

(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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