Analysts Reduce These Share Price Targets Today

As the U.S. financial markets have fallen over the past quarter, Wall St. Watchdog reveals information about companies for which stock analysts reiterated their ratings, but lowered their price targets, on October 5th:

  • Red Hat (NYSE:RHT): UBS reiterated its rating of Buy for this company and changed its price target from $54 to $50. 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.
  • Acme Packet (NASDAQ:APKT): Kaufman Bros reiterated its rating of Buy for this company and changed its price target from $75 to $65. Needham reiterated its rating of Buy for this company and changed its price target from $75 to $52. About the company: Acme Packet, Inc. provides session border controllers for Internet service providers. The Company’s products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol.
  • GeoResources (NASDAQ:GEOI): C.K. Cooper reiterated its rating of Buy for this company and changed its price target from $35 to $28. About the company: GeoResources, Inc. explores for and produces oil and gas. The Company also mines leonardite and manufactures leonardite based products which are sold primarily as oil and gas drilling mud additives. GeoResources operates in the North Dakota and Montana portions of the Williston Basin.
  • Talisman Energy (NYSE:TLM): Canaccord Genuity reiterated its rating of Hold for this company and changed its price target from $23 to $21. About the company: Talisman Energy Inc. is an independent oil and gas producer. The Company has operations in North America, the North Sea, and Indonesia. Talisman is also conducting exploration in Southeast Asia, Algeria, Qatar, Colombia and Trinidad.
  • Hospira (NYSE:HSP): Ticonderoga reiterated its rating of Buy for this company and changed its price target from $63 to $54. About the company: Hospira, Inc. is a global specialty pharmaceutical and medication delivery company. The Company’s product portfolio includes generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management systems.
  • MicroStrategy (NASDAQ:MSTR): BMO Capital Markets reiterated its rating of Outperform for this company and changed its price target from $200 to $175. About the company: MicroStrategy Incorporated provides business intelligence software and related services. The Company’s technology platform enables departments and enterprises to deploy Web-based reporting and analysis solutions. MicroStrategy also offers consulting, training, and support services. Solutions are provided to retail, finance, telecommunications, insurance, dot-com, and healthcare industries.
  • EW Scripps (NYSE:SSP): The Benchmark Company reiterated its rating of Hold for this company and changed its price target from $9 to $8. About the company: The E.W. Scripps Company has interests in newspaper publishing, broadcast television, national television networks, interactive media, and television retailing. The Company’s conducts operations worldwide.

(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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