Analysts Lowered These Stock Price Targets Today

Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on October 4th:

  • Plexus (NASDAQ:PLXS): Longbow reiterated its rating of Buy for this company and changed its price target from $40 to $35. About the company: Plexus Corp. is a participant in the Electronics Manufacturing Services (NYSE:EMS) Industry, providing product design,supply chain and materials management, manufacturing, test, fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure,Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.
  • Riverbed Technology (NASDAQ:RVBD): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $33 to $28. About the company: Riverbed Technology, Inc. manufactures and markets appliances used to connect computers in wide area networks.
  • Polycom (NASDAQ:PLCM): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $35 to $28. About the company: Polycom, Inc. develops, manufactures, and markets a line of video, voice, data and web conferencing collaboration solutions. The solutions include enterprise video and voice communications end-points, network infrastructure, management products, product maintenance and other professional services.
  • Juniper Networks (NYSE:JNPR): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $33 to $24. About the company: Juniper Networks, Inc. provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that includes IP routing, Ethernet switching, security and application acceleration solutions.
  • Harley-Davidson (NYSE:HOG): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $52 to $46. About the company: Harley-Davidson, Inc. designs, manufactures, and sells motorcycles. The Company’s products include heavyweight touring, custom, and performance motorcycles, as well as a line of motorcycle parts, accessories, and general merchandise. Harley-Davidson also provides motorcycle floor planning and parts and accessories financing to its North American and European dealers.
  • F5 Networks (NASDAQ:FFIV): RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $140 to $100. About the company: F5 Networks, Inc. provides integrated Internet traffic management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The Company’s software-based solutions manage, control and optimize Internet traffic and content. F5′s solutions automatically deliver Internet content for service providers and e-businesses.
  • Acuity Brands (NYSE:AYI): Kaufman Bros reiterated its rating of Hold for this company and changed its price target from $52 to $40. About the company: Acuity Brands, Inc. manufactures and sells lighting equipment and chemicals. The Company provides indoor and outdoor lighting equipment for commercial, industrial, outdoor, and residential applications. Acuity also provides a range of chemical products, including industrial and institutional maintenance and sanitation products, pest control products, and lawn and garden products.
  • Rosetta Resources (NASDAQ:ROSE): Wunderlich reiterated its rating of Buy for this company and changed its price target from $70 to $50. About the company: Rosetta Resources, Inc. is an oil and gas exploration and production company.
  • PDC Energy (NASDAQ:PETD): Wunderlich reiterated its rating of Buy for this company and changed its price target from $55 to $22. About the company: Petroleum Development Corporation is an oil and gas company with drilling and production operations in the Rocky Mountains, the Appalachian Basin, and Michigan. The Company’s drilling operations are focused on shallow Rocky Mountain gas prospects. Petroleum Development also sponsors publicly registered drilling programs and owns an Appalachian Basin natural gas marketing company.
  • Noble Energy (NYSE:NBL): Wunderlich reiterated its rating of Buy for this company and changed its price target from $134 to $97. About the company: Noble Energy, Inc. is an independent energy exploration and production company. The Company explores for and produces crude oil, natural gas, and natural gas liquids. Noble Energy operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the US, with key international operations offshore Israel, the North Sea and West Africa.
  • Magnum Hunter (NYSE:MHR): Wunderlich reiterated its rating of Buy for this company and changed its price target from $10 to $4. About the company: Magnum Hunter Resources Corporation explores for oil and natural gas.
  • EOG Resources (NYSE:EOG): Wunderlich reiterated its rating of Buy for this company and changed its price target from $138 to $100. About the company: EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.
  • Endeavour Intl (AMEX:END): Wunderlich reiterated its rating of Buy for this company and changed its price target from $18 to $9. About the company: Endeavour International Corporation is an international oil and gas exploration and production company that acquires, explores, and develops energy reserves. The Company conducts operations in the North Sea sectors of the United Kingdom and Norway. Endeavor holds license rights to a 3-D seismic dataset of the North Sea.
  • Approach Resources (NASDAQ:AREX): Wunderlich reiterated its rating of Buy for this company and changed its price target from $41 to $25. About the company: Approach Resources Inc explores for and produces natural gas and crude oil.
  • Esco Tech (NYSE:ESE): Needham reiterated its rating of Buy for this company and changed its price target from $40 to $34. About the company: ESCO Technologies, Inc. supplies special purpose communications systems for electric, gas, and water utilities, including hardware and software to support advanced metering applications. The Company also provides engineered filtration products to the aviation, space and process markets worldwide.
  • Abraxas Petroleum Corp. (NASDAQ:AXAS): Wunderlich reiterated its rating of Buy for this company and changed its price target from $8 to $3.5. About the company: Abraxas Petroleum Corporation acquires producing oil and gas properties. The Company explores for and produces crude oil and natural gas in Texas, Wyoming, and Canada. Abraxas also operates or owns an interest in various gas processing plants in Canada.
  • SL Green Rlty (NYSE:SLG): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $88 to $82.5. About the company: SL Green Realty Corp. is a fully integrated, self-administered and self-managed real estate investment trust. The Trust is exclusively focused on owning and operating office buildings in Manhattan.

(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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