Bank Analysts Issued New Ratings on These Stocks August 22nd
Wall St. Watchdog reveals information about companies for which stock analysts either downgraded the shares, initiated coverage of the company, or else reiterated their rating of the company’s shares.
- Sterling Bancorp (NYSE:STL): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. No price target was given. About the company: Sterling Bancorp is the holding company for Sterling National Bank and other subsidiaries. The Company provides commercial and consumer lending, asset-based financing, accounts receivable management, commercial and residential mortgage lending, equipment leasing, trust and estate services, and investment management services. Sterling conducts business operations throughout the United States.
- Fox Chase Bancorp (NASDAQ:FXCB): Stifel Nicolaus downgraded its rating on this company from Buy to Hold. No price target was given. About the company: Fox Chase Bancorp is the holding company for Fox Chase Bank. The Bank attracts deposits from the general public and originates a variety of loans and also invests in securities. Fox Chase operates in the Philadelphia metropolitan area and Southern New Jersey.
- Yanzhou Coal Mining (NYSE:YZC): HSBC Securities downgraded its rating on this company from Overweight to Neutral. No price target was given. About the company: Yanzhou Coal Mining Company Limited operates underground mining and coal preparation and operation businesses. Its products are sold in domestic and international markets. The Company also provides railway transportation services.
- News Corp (NASDAQ:NWSA): Needham downgraded its rating on this company from Buy to Hold. No price target was given. 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.
- Stanley Black & Decker (NYSE:SWK): Longbow initiated coverage of this company with a rating of Buy and a price target of $88. About the company: Stanley Black & Decker, Inc. i s a diversified worldwide supplier of tools and solutions for professional, industrial and construction and do-it-yourself use. The Company’s products include mechanical and electronic security products and systems, professional industrial and automotive mechanics tools, hand tools, consumer mechanics tools, storage systems, pneumatic tools and fasteners.
- Under Armour (NYSE:UA): Canaccord Genuity initiated coverage of this company with a rating of Buy and a price target of $75. About the company: Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. The Company designs and sells a broad offering of apparel and accessories made of synthetic microfibers.
- Demandtec (NASDAQ:DMAN): Barrington Research initiated coverage of this company with a rating of Outperform and a price target of $7.5. About the company: DemandTec, Inc. provides consumer demand management software. The Company’s software captures and analyzes recent retailer and market-level data to provide a scientific undertaking of consumer behavior.
- DHT (NYSE:DHT): UBS reiterated its rating of Neutral and changed its price target from $4.3 to $2.75. About the company: DHT Holdings, Inc. owns double-hull tanker ships. The Company leases their ships to other companies on long-term charters.
- CBS (NYSE:CBS): Needham reiterated its rating of Buy and changed its price target from $35 to $30. About the company: CBS Corporation is a multimedia company that operates broadcasting, television production, and publishing businesses. The Company operates television and radio stations, produces and syndicates television programs, publishes books, provides online content as well as provides outdoor advertising.
- Avago Tech (NASDAQ:AVGO): Kaufman Bros reiterated its rating of Buy and changed its price target from $40 to $37. About the company: Avago Technologies, Ltd. manufactures semiconductor products such as optoelectronics, radio-frequency and microwave components, and application-specific integrated circuits. The Company’s products are used in mobile phones, consumer electronics, enterprise and telecom networking gear, optical mice, automotive electronics, and military and aerospace systems.
- Carbo Ceramics (NYSE:CRR): Dahlman Rose reiterated its rating of Buy and changed its price target from $216 to $229. About the company: CARBO Ceramics, Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting, and industrial mineral grinding. Carbo has manufacturing plants located worldwide.
- Exxon Mobil (NYSE:XOM): The Benchmark Company reiterated its rating of Sell and changed its price target from $74 to $64. About the company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide bases. The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
- Varian Medical (NYSE:VAR): Ticonderoga reiterated its rating of Buy and changed its price target from $80 to $68. About the company: Varian Medical Systems, Inc. designs, manufactures, sells, and services equipment and software products for treating cancer with radiotherapy, stereotactic radiosurgery and brachytherapy. The Company also supplies products that include x-ray tubes, linear accelerators, digital image detectors, image processing software and image detection products.
(N0te: 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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