Bank Analysts Change Price Rating Targets on These Shares August 11th

Wall St. Watchdog reveals information on companies for which stock analysts reiterated their ratings on August 11th:

  • Regal-Beloit (NYSE:RBC): RBC Capital Mkts reiterated its rating of Sector Perform for this stock and changed its price target from $16 to $19.  About the company:  Regal-Beloit Corporation manufactures a line of mechanical products that control motion and torque and electrical products such as motors and generators. The Company’s products include gearboxes, automotive transmissions, rotary cutting tools, electric motors, and electric generators. Regal-Beloit sells its products to distributors, original equipment manufacturers, and end users.
  • Lions Gate Entertainment (NYSE:LGF): RBC Capital Mkts reiterated its rating of Sector Perform for this stock and changed its price target from $6.5 to $7.  About the company: Lions Gate Entertainment Corp. develops, produces, and distributes filmed entertainment content. The Company’s divisions produce motion pictures, television programming, animation, and digital media. Lions Gate distributes its films and other media in the United States, Canada, and internationally.
  • Computer Sciences (NYSE:CSC): Stifel Nicolaus reiterated its rating of Buy for this stock and changed its price target from $45 to $38.  About the company:  Computer Sciences Corporation provides consulting and information technology services to industry and government. The Company provides consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting. Computer Sciences operates locations around the world.
  • Active Network (NYSE:ACTV): Stifel Nicolaus reiterated its rating of Buy for this stock and changed its price target from $18 to $21.  About the company: The Active Network, Inc., an online community, offers application services technology and marketing access to community service and participatory sports organizations.
  • Open Text (NASDAQ:OTEX): The Benchmark Company reiterated its rating of Sell for this stock and changed its price target from $56 to $52.  About the company: Open Text Corporation provides intranet, extranet, and corporate portal solutions to organizations located throughout the world. The Company’s flagship product, Livelink is an off-the-shelf, enterprise scalable, collaborative application for companies that want to leverage their information and resources through intranets.
  • ADVENTRX Pharma (AMEX:ANX): Rodman & Renshaw reiterated its rating of Mkt Outperform for this stock and changed its price target from $16 to $9.  About the company: ADVENTRX Pharmaceuticals Inc. is a biopharmaceutical research and development company focused on introducing new technologies for anticancer and antiviral treatments. The Company’s products include CoFactor, Selone, and Thiovir.
  • Home Inns (NASDAQ:HMIN): Brean Murray reiterated its rating of Buy for this stock and changed its price target from $49 to $51.  About the company: Home Inns & Hotels Management, Inc. operates a chain of budget hotels in the People’s Republic of China. The Company manages some of the hotels in its chain on behalf of franchisees.
  • Avnet (NYSE:AVT): Brean Murray reiterated its rating of Buy for this stock and changed its price target from $44 to $30.  About the company: Avnet, Inc. distributes computer products and semiconductors, as well as interconnect, passive, and electromechanical components. The Company markets, inventories, and adds value to these products and provides supply-chain integration, engineering design, and technical services. Avnet serves customers in countries around the world.
  • News Corp (NASDAQ:NWSA): Wunderlich reiterated its rating of Buy for this stock and changed its price target from $18 to $20.  About the company: News Corporation is a diversified global media company. The Company’s operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.
  • Uranerz Energy (AMEX:URZ): Dahlman Rose reiterated its rating of Buy for this stock and changed its price target from $5 to $3.5. About the company: Uranerz Energy Corporation explores for, develops, and produces uranium. The Company has interests in properties located in the United States, Mongolia, and Canada.
  • Open Text (NASDAQ:OTEX): Wunderlich reiterated its rating of Buy for this stock and changed its price target from $70 to $65.  About the company: Open Text Corporation provides intranet, extranet, and corporate portal solutions to organizations located throughout the world. The Company’s flagship product, Livelink is an off-the-shelf, enterprise scalable, collaborative application for companies that want to leverage their information and resources through intranets.
  • Walter Energy (NYSE:WLT): FBR Capital reiterated its rating of Mkt Perform and changed its price target from $139 to $104.  About the company: Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,; manufactures blast furnace, foundry, industrial and buckwheat coke; and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.
  • Patriot Coal (NYSE:PCX): FBR Capital reiterated its rating of Outperform and changed its price target from $28 to $25.  About the company: Patriot Coal Corporation is a coal mining company. The Company operates in Central and Northern Appalachia and the Illinois Basin.
  • CONSOL Energy (NYSE:CNX): FBR Capital reiterated its rating of Outperform and changed its price target from $65 to $63.  About the company: CONSOL Energy Inc. produces high-BTU bituminous coal, and also coalbed methane gas. The Company primarily produces pipeline-quality coalbed methane gas from coal properties in the Northern and the Central Appalachian basin, other western basins, and oil and gas from properties in the Appalachian and Illinois Basins.
  • Cliffs Natural Resources (NYSE:CLF): FBR Capital reiterated its rating of Outperform and changed its price target from $140 to $134.  About the company: Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.
  • Cloud Peak Energy (NYSE:CLD): FBR Capital reiterated its rating of Outperform and changed its price target from $28 to $25.  About the company: Cloud Peak Energy, Inc. is a coal mining company. The Company’s operations include surface coal mines in Wyoming and in Montana. Cloud Peak produces sub-bituminous steam coal with low sulfur content and sells its coal primarily to electric utilities.
  • Alpha Natural Resources (NYSE:ANR): FBR Capital reiterated its rating of Outperform.  No price target was given.  About the company: Alpha Natural Resources, Inc. extracts, processes, and markets steam and metallurgical coal. The Company conducts operations from surface and underground mines located in the northern and central Appalachian regions and Colorado, all located in the United States. Alpha Natural Resources markets its coal to electric utilities, steel and other industrial producers.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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