Analysts Moved the Price Target on These Stocks Today

Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings on September 7th.

  • Wells Fargo (NYSE:WFC): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $38 to $32.  About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • U.S. Bancorp (NYSE:USB): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $30 to $25.  About the company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Morgan Stanley (NYSE:MS): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $29 to $27.  About the company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.
  • JPMorgan Chase (NYSE:JPM): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $62 to $51.  About the company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Citigroup (NYSE:C): Oppenheimer reiterated its rating of Outperform for this company and changed its price target from $56 to $45.  About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Progress Software (NASDAQ:PRGS): The Benchmark Company reiterated its rating of Buy for this company and changed its price target from $31 to $25.  About the company: Progress Software Corporation develops, markets, and distributes application development, deployment, and integration software to business, industry, and government worldwide. The Company’s products include databases, application servers, messaging servers, and development tools for Internet/Web, extranet, and intranet applications as well as for client/server and host applications.
  • F5 Networks (NASDAQ:FFIV): Wunderlich reiterated its rating of Hold for this company and changed its price target from $120 to $87.  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.
  • Pharmasset (NASDAQ:VRUS): Brean Murray reiterated its rating of Buy for this company and changed its price target from $87 to $105.  About the company: Pharmasset, Inc. is a pharmaceutical company. The Company develops oral therapeutics for the human immunodeficiency virus, hepatitis B, and hepatitis C.
  • Group 1 Auto (NYSE:GPI): Ticonderoga reiterated its rating of Buy for this company and changed its price target from $58 to $53.  About the company: Group 1 Automotive, Inc., through its subsidiaries, owns and operates automobile dealerships. The Company sells new and used cars and light trucks, provides maintenance and repair services, and sells replacement parts. The Company also arranges related financing, insurance, and extended service contracts. Group 1 operates in Florida, Georgia, Colorado, Oklahoma, New Mexico, and Texas.
  • Urban Outfitters (NASDAQ:URBN): Janney Mntgmy Scott reiterated its rating of Neutral for this company and changed its price target from $28 to $26.  About the company: Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites. The Company’s Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Urban also designs and markets young women’s casual wear which it provides to the Company’s retail operations and sells to retailers worldwide.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  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>>