Analysts: Sirius Still a Buy Ahead of Third Quarter and 3 More Research Notes to Browse
Sirius XM (NASDAQ:SIRI): Maxim raised its price target for Sirius XM shares to $5.80 from $4.60 ahead of the company’s third-quarter results and keeps a Buy rating on the stock; Maxim notes that shares usually move up in anticipation of the quarter and tend to drift lower immediately after.
Kohl’s (NYSE:KSS): Deutsche Bank upgraded Kohl’s to Hold from Sell, citing a lack of catalysts to drive shares lower; the firm raised its price target for Kohl’s shares to $50 from $46.
Gap (NYSE:GPS): BMO Capital downgraded Gap due to concerns that third-quarter industry weakness could extend to the fourth quarter, driven by elevated inventory, soft consumer demand, and an increasing promotional environment; the firm lowered the price target on Gap shares to $35 from $50.
Noble Energy (NYSE:NBL): Wunderlich raised its price target for Noble Energy to $84 from $72, citing a higher valuation for the company’s Marcellus gas assets as well as a more bullish view of the Wattenberg; the firm reiterates a Buy rating on Noble Energy stock.