Analysts Issued New Price Targets on These Stocks

Following is information on companies for which stock analysts initiated, resumed, or reiterated their ratings this week:

Coverage Initiated

  • Rare Element (AMEX:REE): Global Hunter Securities initiated coverage of this stock with a rating of Buy and a price target of $18.5.  About this company: Rare Element Resources Ltd. acquires, explores, and develops mineral properties. The Company’s principal asset is a rare earth metals project located in Wyoming in the United States.
  • Energy Recovery (NASDAQ:ERII): Rodman & Renshaw initiated coverage of this stock with a rating of Mkt Perform.  No price target was given.  About this company: Energy Recovery Inc. develops and manufactures energy recovery devices utilized in the water desalination industry. The Company’s technology is used to drive sea water through filtering membranes to produce fresh water.

Coverage Resumed

  • NPS Pharm (NASDAQ:NPSP): Brean Murray resumed coverage of this stock with a rating of Buy and a price target of $14.  About this company: NPS Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development of treatment options for patients with rare gastrointestinal and endocrine disorders and serious unmet medical needs.

Coverage Reiterated

  • TriQuint Semi (NASDAQ:TQNT): Northland Securities reiterated its rating on this stock with a rating of Outperform and changed its price target from $14 to $10.  About this company: TriQuint Semiconductor, Inc. designs, develops, manufactures, and markets a variety of high performance analog and mixed signal integrated circuits for the communications markets. The Company utilizes its proprietary gallium arsenide technology to enable its products to overcome the performance barriers of silicon devices in various applications. TriQuint’s products are sold worldwide.
  • Stratasys (NASDAQ:SSYS): Northland Securities reiterated its rating of Under Perform and changed its price target from $30 to $22.  About this company: Stratasys, Inc. develops, manufactures, and markets rapid prototyping systems. The Company’s systems enable engineers and designers to create physical models, tooling, and prototypes out of plastic and other materials directly from a computer aided design workstation.
  • Akamai Tech (NASDAQ:AKAM): Collins Stewart reiterated its rating of Neutral and changed its price target from $39 to $33.  About this 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.
  • Whole Foods (NASDAQ:WFM): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $69 to $74.  About this company: Whole Foods Market, Inc. owns and operates a chain of natural food supermarkets in the United States. The Company’s stores provides full range of merchandise, featuring products that are free of artificial flavors, sweeteners, colors, preservatives, and added chemicals. Whole Foods also develops, produces, and markets nutriceuticals and nutritional supplements.
  • Manitowoc (NYSE:MTW): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $30 to $27.  About this company: The Manitowoc Company, Inc. is a diversified industrial manufacturer of cranes and related products and foodservice equipment. The Company’s products include lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks as well as ice making machines, refrigerators, and freezers.
  • LogMeIn (NASDAQ:LOGM): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $46 to $40.  About this company: LogMeIn, Inc. offers remote connectivity services to computers for mobile professionals, and help desk and systems administrators worldwide.
  • Intersil (NASDAQ:ISIL): RBC Capital Mkts reiterated its rating of Sector Perform and changed its price target from $15 to $13.  About this company:  Intersil Corporation designs and manufactures high performance analog semiconductors. The Company’s products are used in flat panel displays, optical storage, and power management applications.
  • InterActiveCorp (NASDAQ:IACI): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $40 to $45.  About this company:  IAC/InterActiveCorp operates Internet businesses. The Company’s websites offer search, gaming, dating, directory, footwear retailing, and campsite reservation services.
  • General Dynamics (NYSE:GD): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $86 to $88.  About this company: General Dynamics Corporation is a diversified defense company. The Company offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding design and construction; and information systems, technologies and services.
  • Equinix (NASDAQ:EQIX): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $115 to $120.  About this company:  Equinix, Inc. provides core Internet exchange services to networks, Internet infrastructure companies, enterprises, and content providers. The Company operates Internet Business Exchange centers in several countries, where customers can interconnect with the providers that serve Internet networks and users for their peering, transit, and traffic exchange requirements.
  • Energizer (NYSE:ENR): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $82 to $88.  About this company: Energizer Holdings, Inc. manufactures dry cell batteries and flashlights. The Company offers a full line of products, including alkaline, carbon zinc, miniature, and rechargeable batteries, as well as lighting products. Energizer also manufactures and markets a range of razor and shave related products on a global basis.
  • Concur Tech (NASDAQ:CNQR): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $59 to $54.  About this company:  Concur Technologies, Inc. provides workplace eCommerce software and services that extend automation to employees, partners, vendors, and service providers. The Company’s Concur eWorkplace product integrates its suite of workplace eCommerce solutions and provides a portal through which employees can access eCommerce information and services.
  • BMC Software (NASDAQ:BMC): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $58 to $54.  About this company:  BMC Software, Inc. provides management solutions for mainframe and distributed information technology systems. The Company’s portfolio of software solutions spans enterprise systems, applications, databases and IT process management. BMC also provides maintenance and support for its products and performs software implementation, integration and education services for its customers.
  • ACE Limited (NYSE:ACE): RBC Capital Mkts reiterated its rating of Outperform and changed its price target from $75 to $78.  About this company:  ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business. The Group provides a diversified range of products and services to clients through operations in countries around the world. ACE provides specialty insurance and reinsurance products.
  • Lam Research (NASDAQ:LRCX): Stifel Nicolaus reiterated its rating of Buy and changed its price target from $64 to $60.  About this company: Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits. The Company’s products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design. Lam sells its products around the world.
  • Simon Properties (NYSE:SPG): Stifel Nicolaus reiterated its rating of Buy and changed its price target from $120 to $130.  About this company:  Simon Property Group, Inc. is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
  • Equinix (NASDAQ:EQIX): Stifel Nicolaus reiterated its rating of Buy and changed its price target from $120 to $130.  About this company: Equinix, Inc. provides core Internet exchange services to networks, Internet infrastructure companies, enterprises, and content providers. The Company operates Internet Business Exchange centers in several countries, where customers can interconnect with the providers that serve Internet networks and users for their peering, transit, and traffic exchange requirements.
  • Crocs (NASDAQ:CROX): Stifel Nicolaus reiterated its rating of Buy and changed its price target from $30 to $35.  About this company: Crocs, Inc. designs and manufactures shoes. The Company produces soft, lightweight, non-marking, slip- and odor-resistant shoes made of closed-cell resin material. Crocs manufactures men’s, women’s, and children’s shoes and markets them to retail chains.
  • SodaStream (NASDAQ:SODA): Oppenheimer reiterated its rating of Outperform and changed its price target from $60 to $80.  About this company: SodaStream International Ltd. manufactures home beverage carbonation systems, which enable consumers to transform tap water into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide cylinders, as well as consumables, consisting of CO2 refills, reusable carbonation bottles, and flavors.
  • Wyndham Worldwide (NYSE:WYN): FBR Capital reiterated its rating of Outperform and changed its price target from $41 to $45.  About this company: Wyndham Worldwide Corporation is a hospitality company. The Company franchises hotels in the upscale, midscale, and economy segments of the lodging industry and provides hotel management services to owners of luxury, upscale and midscale hotels; provides vacation exchange products and services, and develops, markets, and sells vacation ownership interests to individual consumers.
  • Intersil (NASDAQ:ISIL): Needham reiterated its rating of Buy and changed its price target from $17 to $15.  About this company: Intersil Corporation designs and manufactures high performance analog semiconductors. The Company’s products are used in flat panel displays, optical storage, and power management applications.
  • InterActiveCorp (NASDAQ:IACI): The Benchmark Company reiterated its rating of Hold and changed its price target from $36 to $47.  About this company:  IAC/InterActiveCorp operates Internet businesses. The Company’s websites offer search, gaming, dating, directory, footwear retailing, and campsite reservation services.
  • Akamai Tech (NASDAQ:AKAM): FBR Capital Mkt reiterated its rating of Perform and changed its price target from $40 to $25.  About this 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.
  • Itron (NASDAQ:ITRI): Wunderlich reiterated its rating of Sell and changed its price target from $40 to $38.  About this company: Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data. The Company sells its products to the utility industry. Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.
  • RPC (NYSE:RES): FBR Capital Mkt reiterated its rating of Perform and changed its price target from $27 to $30.  About this company: RPC, Inc. provides specialized oilfield services and equipment to independent and major oilfield companies. The Company’s services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and other equipment.
  • 3M (NYSE:MMM): FBR Capital reiterated its rating of Outperform and changed its price target from $105 to $103.  About this company: 3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company’s businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world.
  • Alliance Resource (NASDAQ:ARLP): Hilliard Lyons reiterated its rating of Long-term Buy and changed its price target from $80 to $85.  About this company:  Alliance Resource Partners, L.P. produces and markets coal to United States utilities and industrial users. The Company operates its facilities in Kentucky, Illinois, and Maryland.

(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