Analysts Deliver Stock Ratings on These Top Companies August 23rd

Wall St. Watchdog reveals information about companies for which stock analysts either reiterated their coverage or initiated coverage on August 23rd.

Coverage Initiated

  • Aruba Networks (NASDAQ:ARUN): Brigantine initiated coverage of this company with a rating of Buy and a price target of $20.  About the company: Aruba Networks Inc. provides enterprise mobility solutions that enables secure access to data, voice and video applications across wireless and wireline enterprise networks.
  • Ameresco (NYSE:AMRC): Wedbush initiated coverage of this company with a rating of Outperform and a price target of $17.  About the company: Ameresco Inc. is an integrated electric energy corporation. The Company supplies a range of energy solutions, including energy cogeneration, hydro electric, and renewable energy facilities.
  • Human Genome (NASDAQ:HGSI): Brean Murray initiated coverage of this company with a rating of Buy and a price target of $22.  About the company: Human Genome Sciences, Inc. researches and develops proprietary pharmaceutical and diagnostic products. The Company’s products predict, prevent, detect, treat, and cure disease based on the discovery of human and microbial genes.
  • Mobile Mini (NASDAQ:MINI):  KeyBanc Capital Mkts initiated coverage of this stock with a rating of Hold.  No price target was given.  About the company: Mobile Mini, Inc. provides portable storage solutions through its lease fleet of portable storage units. The Company operates various branches in southwestern and western states. Mobile Mini’s customers include retailers, small and large businesses, construction companies, schools, governmental entities, and homeowners.
  • McGrath RentCorp (NASDAQ:MGRC): KeyBanc Capital Mkts initiated coverage of this stock with a rating of Buy and a price target of $28.  About the company: McGrath Rentcorp rents and sells relocatable modular offices, as well as electronic test and measurement instruments. The Company’s offices are used as temporary offices adjacent to existing facilities, and as sales offices, construction field offices, classrooms, and for a variety of other purposes. McGrath serves customers primarily in California and Texas.
  • Children’s Place (NASDAQ:PLCE): Janney Mntgmy Scott initiated coverage of this company with a rating of Neutral and a price target of $45.  About the company: The Children’s Place Retail Stores, Inc. retails value-priced apparel and accessories for newborn to 12 year old children. The Company designs, contracts to manufacture, and sells its products under The Children’s Place brand name. The Children’s Place operates stores primarily located in regional shopping malls in the eastern half of the United States.

Coverage Reiterated

  • Rent-A-Center (NASDAQ:RCII): Northland Securities reiterated its coverage of this company with a rating of Outperform and changed its price target from $37 to $31.  About the company: Rent-A-Center, Inc. operates franchised and company-owned Rent-A-Center and ColorTyme rent-to-own merchandise stores. The Company’s stores offer home electronics, appliances, furniture, and accessories under flexible rental purchase agreements. Rent-A-Center operates across the United States and Puerto Rico.
  • Taleo (NASDAQ:TLEO): Stifel Nicolaus reiterated its rating of Buy and changed its price target from $42 to $35.  About the company: Taleo Corporation is a provider of enterprise staffing management solutions that enable large organizations to establish, automate and manage worldwide staffing processes for professional, hourly and temporary staff.
  • SuccessFactors (NASDAQ:SFSF): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $38 to $31.  About the company: SuccessFactors, Inc. provides on-demand performance and employee software solutions to help organizations optimize their performance.
  • Red Hat (NYSE:RHT): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $49 to $42.  About the company: Red Hat, Inc. develops and provides open source software and services, including the Red Hat Linux operating system. The Company’s Web site offers information and news about open source software and provides an online community of open source software users and developers.
  • Oracle (NASDAQ:ORCL): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $38 to $34.  About the company: Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle’s software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers.
  • Microsoft (NASDAQ:MSFT): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $37 to $32.  About the company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.
  • LogMeIn (NASDAQ:LOGM): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $50 to $42.  About the company: LogMeIn, Inc. offers remote connectivity services to computers for mobile professionals, and help desk and systems administrators worldwide.
  • Capital One (NYSE:COF): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $64 to $60.  About the company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.
  • Akamai Tech (NASDAQ:AKAM): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $36 to $32.  About the company: Akamai Technologies, Inc. provides global delivery services for Internet content, streaming media, and applications and global Internet traffic management. The Company uses technology and software based on mathematical formulas and algorithms to monitor Internet traffic patterns.
  • CoBiz (COBZ): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $8 to $6.  About the company: CoBiz Financial, Inc. provides commercial banking services to businesses and professionals through Colorado Business Bank and Arizona Business Bank. The Company also provides investment banking services, property and casualty insurance brokerage, trust and fiduciary services, as well as employee benefits consulting and brokerage through its subsidiaries.
  • Ciena (NASDAQ:CIEN): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $29 to $24.  About the company: Ciena Corporation develops and markets communications network platforms and software, and offers professional services. The Company’s broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers, and enterprise and government networks.
  • Aruba Networks (NASDAQ:ARUN): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $36 to $25.  About the company: Aruba Networks Inc. provides enterprise mobility solutions that enables secure access to data, voice and video applications across wireless and wireline enterprise networks.
  • Applied Materials (NASDAQ:AMAT): RBC Capital Mkts reiterated its rating of Sector Perform and changed its price target from $14 to $12.  About the company: Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.
  • Semtech (NASDAQ:SMTC): Oppenheimer reiterated its rating of Outperform and changed its price target from $35 to $30.  About the company: Semtech Corporation designs, manufactures, and markets a wide range of analog and mixed-signal semiconductors, including integrated circuits, discrete circuits, and assembly products. The Company’s devices are used in computer, communications, industrial, military-aerospace, and automotive applications.
  • Bally Technologies (NYSE:BYI): Brean Murray reiterated its rating of Buy for this company and changed its price target from $51 to $43.  About the company: Bally Technologies Inc. designs, manufactures, distributes gaming devices, systems, and technology solutions worldwide. The Company’s product line includes slot machines, video slots, wide-area progressives and Class II, lottery and central determination games and platforms. Bally’s offers casino management, slot accounting, bonusing, cashless and table management solutions.
  • First Solar (NASDAQ:FSLR): Wunderlich reiterated its rating of Hold for this company and changed its price target from $118 to $95.  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.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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